Updated Three-Unit
New
For Sale
$869,000
11 Glenwood Street, Worcester, MA 01610
Two apartments are occupied, and the third-floor unit is vacant for an incoming resident.
Property Size4,008 SF
Price / SF$216.82
Days on Market6
Property Features for 11 Glenwood Street
General Information
Standard status
Active
Size
4,008 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1890
Buildings
1
Listing Agency:
ERA Key Realty Services - Distinctive Group
Listed By:
Jennifer Barrile
(774) 249-1495
Source:
Kelleyrege
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 10:04AM
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 ERA Key Realty Services - Distinctive Group
Investment Insights
Based on property information with market context.
This 4,008-square-foot triplex, built in 1890, has three residential units. Recent work includes a 2025 roof replacement, new electric water heaters and appliances, and extensive improvements to windows, doors, plumbing, and electrical panels. Each unit has a lead compliance letter.
The first- and second-floor apartments are rented; the third-floor unit is vacant. Route 146, Route 290, and bus service are accessible. Nearby destinations include Polar Park, Clark University, shops, and restaurants.
The first- and second-floor apartments are rented; the third-floor unit is vacant. Route 146, Route 290, and bus service are accessible. Nearby destinations include Polar Park, Clark University, shops, and restaurants.
Key Highlights
- Three‑unit residential property with 4,008 square feet
- Built in 1890; roof replaced in 2025
- New electric water heaters and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,859
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,180
$1.2M
Cap Rate 7%
$840,843
$840.8K
Cap Rate 9%
$653,989
$654.0K
Market Conditions
NOI Build-Up for 4,008 SF
Gross rent
$89.0K $22.20/SF
− Vacancy
−$4.9K −$1.22/SF
EGI
$84.1K $20.98/SF
− OpEx
−$25.2K −$6.29/SF
NOI
$58.9K $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%
$1,177,180
Cap Rate 7%
$840,843
Cap Rate 9%
$653,989
Alternative Uses
Best Use
Multifamily LT 5
$840.8K
$735.7K – $981.0K
NOI $58,859 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$771.9K
$675.4K – $900.5K
NOI $54,030 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,645 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,884
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Two apartments are occupied, and the third-floor unit is vacant for an incoming resident.
Where is this triplex located?
The property is located at 11 Glenwood Street Worcester, MA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Three‑unit residential property with 4,008 square feet; Built in 1890; roof replaced in 2025; New electric water heaters and appliances
