576 Franklin St, Worcester, MA 01608
MULTI_FAMILY - Worcester, MA
- Added:
- Jun 12, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 16 at 11:06 pm
Property Features for 576 Franklin St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- BL-1
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 9
- Parking
- 9
- Standard status
- Active
- APN
- M:19 B:010 L:00003,1781476
- Size
- 3,402 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9836
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
Listing agent Bill Wright License #5503 (508) 839-9219
Listing office REMAX Executive Realty 68 Worcester Street, North Grafton, MA (508) 839-9219
Listing date Jun 12, 2026
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.
Overview
Located at 576 Franklin St in Worcester, Massachusetts (01608), the property sits on an extra-large lot of about 0.2537 acres. It includes paved drive access with 9 off-street parking spaces and offers city views.
The unit configuration and in-unit amenities make this property well suited for owner-occupants seeking a live-in setup while generating rental income, as well as investors looking for a turn-key, recently rebuilt multifamily asset. The extra-large lot may also allow for a single-family home or ADU for additional income, subject to buyer due diligence.
Local Financial Insights For Multifamily LT 5
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 | $75.5k | $22.20 |
| − Vacancy | −$4.2k | −$1.22 |
| EGI | $71.4k | $20.98 |
| − OpEx | −$21.4k | −$6.29 |
| NOI | $50.0k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.778859
- Latitude
- 42.266072
