Renovated Triplex with
10 Lucian Street Worcester, MA 01603
10 Lucian Street, Worcester, MA, 01603
$900,000
For Sale
$900,000
Renovated triplex features sprinkler system, open layouts, and gas heat, with laundry facilities in the basement.
Property Size4,512 SF
Price / SF$199.47
Days on Market162
Property Features for 10 Lucian Street
General Information
- Standard status
- Active
- Size
- 4,512 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1910
Listing agency
The Neighborhood Realty Group
(508) 459-1876
Listed by
Jackie Painchaud · License #9500488
(508) 459-1876
Source
Compass
Added: Feb 10 Updated: Jul 21 at 10:34PM Checked: Jul 21 at 10:34PM
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 The Neighborhood Realty Group
Investment Insights
Based on property information with market context.
This renovated triplex at 10 Lucian Street offers an extensively updated interior, completed after a fire in 2008, and includes a sprinkler system. Each unit features an open floor plan, modern kitchens, and gas heat. The first-floor unit includes a private entrance and exclusive access to the finished area in the basement, along with central air and a large walk-in closet. A walk-up unfinished attic provides additional potential for future expansion.
The property sits on a dead-end street and overlooks Clark University’s sports fields. It is also located within the University Park Partnership Scholarship area, where certain residents may qualify for tuition-free education after living in a qualifying neighborhood for at least five years.
Laundry is available via coin-op in the basement for units 2 and 3, while unit 1 offers laundry hookups within the unit. The building’s layout and upgrades go beyond a typical three-decker configuration and should be reviewed in person to appreciate the space and finishes throughout.
The property sits on a dead-end street and overlooks Clark University’s sports fields. It is also located within the University Park Partnership Scholarship area, where certain residents may qualify for tuition-free education after living in a qualifying neighborhood for at least five years.
Laundry is available via coin-op in the basement for units 2 and 3, while unit 1 offers laundry hookups within the unit. The building’s layout and upgrades go beyond a typical three-decker configuration and should be reviewed in person to appreciate the space and finishes throughout.
Key Highlights
- Extensively renovated triplex after a fire in 2008; year built 1910
- Sprinkler system included
- Open floor plan units with modern kitchens and gas heat
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 | $100.2k | $22.20 |
| − Vacancy | −$5.5k | −$1.22 |
| EGI | $94.7k | $20.98 |
| − OpEx | −$28.4k | −$6.29 |
| NOI | $66.3k | $14.69 |
4,512 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$946.6K
$828.3K – $1.10M
NOI $66,260 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$868.9K
$760.3K – $1.01M
NOI $60,824 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,421 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated triplex features sprinkler system, open layouts, and gas heat, with laundry facilities in the basement.
Where is this triplex located?
The property is located at 10 Lucian Street Worcester, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Extensively renovated triplex after a fire in 2008; year built 1910; Sprinkler system included; Open floor plan units with modern kitchens and gas heat
