Triplex with Rare Four-Car
54 Freeland St Worcester, MA 01603
For Sale
$599,999
Pending
MULTI_FAMILY - Worcester, MA
Property Size3,768 SF
Lot Size0.15 Acres
Days on Market58
Property Features for 54 Freeland St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RG-5
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 9, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3
- Parking
- 12
- Fireplace
- 1
- Standard status
- Pending
- APN
- M:08 B:035 L:00036,1770245
- Size
- 3,768 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9398
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
Listing Agency:
Keller Williams Pinnacle Central
(508) 754-3020
Listed By:
Sarah Gustafson
(508) 754-3020
Added: May 29
Changed: Jul 9
Last Checked: Jul 25 at 12:06AM
MLS# 73526583
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-oriented triplex offers flexible living and strong renting potential, with 9 bedrooms and 3 full baths. The property includes a standout rare feature: a 4-car garage, along with a total building size of 3,768 square feet. Set on a 6,623 square foot lot, the layout is suited for investors seeking well-sized units or buyers interested in multi-generational occupancy.
Located in the Clark University neighborhood, the home places tenants within walking distance of Clark, University Park Campus School, dining, and transit. Off-street parking is a meaningful advantage in this area, helping preserve convenience and daily usability for residents. The property is zoned RG-5, supporting residential use within the local zoning framework.
For investors, the combination of bedroom count, full-bath capacity, and the rare parking amenity can support durable rental demand. Owner-occupants may also find the configuration appealing for multi-generational living while generating income. The listing notes that long-term residents may qualify for Clark’s University Park Partnership tuition scholarship, with eligibility tied to 5+ years of residency and admission requirements.
Located in the Clark University neighborhood, the home places tenants within walking distance of Clark, University Park Campus School, dining, and transit. Off-street parking is a meaningful advantage in this area, helping preserve convenience and daily usability for residents. The property is zoned RG-5, supporting residential use within the local zoning framework.
For investors, the combination of bedroom count, full-bath capacity, and the rare parking amenity can support durable rental demand. Owner-occupants may also find the configuration appealing for multi-generational living while generating income. The listing notes that long-term residents may qualify for Clark’s University Park Partnership tuition scholarship, with eligibility tied to 5+ years of residency and admission requirements.
Key Highlights
- 1910 home in the Clark University neighborhood
- 9 bedrooms and 3 full bathrooms
- 4‑car garage for off‑street parking
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $25.80 |
| − Vacancy | −$4.9k | −$1.29 |
| EGI | $92.4k | $24.51 |
| − OpEx | −$41.6k | −$11.03 |
| NOI | $50.8k | $13.48 |
3,768 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$790.5K
$691.7K – $922.2K
NOI $55,334 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$725.6K
$634.9K – $846.6K
NOI $50,795 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,037 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Income-focused triplex with nine bedrooms, three baths, and a rare four-car garage near Clark University.
Where is this triplex located?
The property is located at 54 Freeland St Worcester, MA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 1910 home in the Clark University neighborhood; 9 bedrooms and 3 full bathrooms; 4‑car garage for off‑street parking
