Updated Three-Unit
104 Sterling St, Worcester, MA 01610
For Sale
$724,900
Pending
Three-bedroom apartments on each level are supported by off-street parking and a walk-up attic.
Property Size3,906 SF
Days on Market10
Property Features for 104 Sterling St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
walk up attic
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Scoreboard Realty Corporation
(413) 224-2117
Listed By:
Robert Weiss
(508) 254-2477
Source:
2sistersteam
Added: Nov 1
Last Checked: Nov 9 at 7:07PM
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 Scoreboard Realty Corporation
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential property contains a three-bedroom apartment on each of its three floors. The first-floor unit has 1.5 bathrooms and a walk-in closet, while a walk-up attic adds additional building space. Updates have been completed in all units, and the property has vinyl windows and updated systems. Each of the three floors is deleaded.
The property is at 104 Sterling St in Worcester, minutes from Polar Park. RG-5 zoning is reported for the site. Built in 1910, the building contains 3,906 square feet and includes off-street parking.
The property is at 104 Sterling St in Worcester, minutes from Polar Park. RG-5 zoning is reported for the site. Built in 1910, the building contains 3,906 square feet and includes off-street parking.
Key Highlights
- Three units, each with three bedrooms
- First‑floor apartment includes 1.5 bathrooms and a walk‑in closet
- All three floors are deleaded; units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,361
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,220
$1.1M
Cap Rate 7%
$819,443
$819.4K
Cap Rate 9%
$637,344
$637.3K
Market Conditions
NOI Build-Up for 3,906 SF
Gross rent
$86.7K $22.20/SF
− Vacancy
−$4.8K −$1.22/SF
EGI
$81.9K $20.98/SF
− OpEx
−$24.6K −$6.29/SF
NOI
$57.4K $14.69/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,220
Cap Rate 7%
$819,443
Cap Rate 9%
$637,344
Alternative Uses
Best Use
Multifamily LT 5
$819.4K
$717.0K – $956.0K
NOI $57,361 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$752.2K
$658.2K – $877.6K
NOI $52,655 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,262 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
845
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
$279,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom apartments on each level are supported by off-street parking and a walk-up attic.
Where is this triplex located?
The property is located at 104 Sterling St Worcester, MA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Three units, each with three bedrooms; First‑floor apartment includes 1.5 bathrooms and a walk‑in closet; All three floors are deleaded; units have been updated
