Turnkey 5-Unit
For Sale
$1,089,995
10 Ellsworth, Worcester, MA 01610
Fully occupied 5-unit property with three four-bedroom units and two one-bedroom units, featuring separate utilities and updated systems.
Property Size6,140 SF
Price / SF$177.52
Days on Market51
Property Features for 10 Ellsworth
General Information
Standard status
Active
Size
6,140 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
eXp Realty LLC
Listed By:
Candor Investment Group
(508) 287-2695
Source:
Demakis
Added: Jun 10
Changed: Jul 27
Last Checked: Jul 28 at 10:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
This turnkey multifamily includes five fully occupied units: three spacious 4-bedroom apartments and two 1-bedroom units. The property is described as well maintained, with updated systems and minimal deferred maintenance, along with separate utilities for the units.
The asset is located minutes from Clark University, Polar Park, downtown Worcester, and major commuter routes, supporting convenient access to jobs, dining, and public transportation.
As an income-producing 5-unit building, it offers a straightforward unit mix centered on larger 4-bedroom layouts while also providing two smaller 1-bedroom units.
The asset is located minutes from Clark University, Polar Park, downtown Worcester, and major commuter routes, supporting convenient access to jobs, dining, and public transportation.
As an income-producing 5-unit building, it offers a straightforward unit mix centered on larger 4-bedroom layouts while also providing two smaller 1-bedroom units.
Key Highlights
- Fully occupied 5‑unit multifamily built in 1900 with three 4‑bedroom units and two 1‑bedroom units
- Separate utilities and updated systems per public remarks
- All units described as spacious 4‑bedroom and 1‑bedroom configurations
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 | $158.4k | $25.80 |
| − Vacancy | −$7.9k | −$1.29 |
| EGI | $150.5k | $24.51 |
| − OpEx | −$67.7k | −$11.03 |
| NOI | $82.8k | $13.48 |
6,140 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,770 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,458 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 5-unit property with three four-bedroom units and two one-bedroom units, featuring separate utilities and updated systems.
Where is this apartment building located?
The property is located at 10 Ellsworth Worcester, MA.
What is the asking price?
The asking price for this property is $1,089,995.
What are key features of this property?
This property features: Fully occupied 5‑unit multifamily built in 1900 with three 4‑bedroom units and two 1‑bedroom units; Separate utilities and updated systems per public remarks; All units described as spacious 4‑bedroom and 1‑bedroom configurations
