Three-Family Residential
11 Woodford St Worcester, MA 01604
For Sale
$765,000
Three-family property on an oversized lot with potential for additional development.
Property Size3,817 SF
Lot Size0.27 Acres
Price / SF$200.42
Days on Market10
Property Features for 11 Woodford St
General Information
- Standard status
- Active
- Size
- 3,817 SF
- Lot size
- 0.27 Acres
- Property subtype
- 3 Family
Building Details
- Year Built
- 1924
Listing Agency:
Worcester Multi
(508) 868-0927
Listed By:
Brian Allen · License #9583389
(508) 868-0927
Source:
Lockandkeyre
Added: Jul 14
Changed: Jul 23
Last Checked: Jul 23 at 2:32AM
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 Worcester Multi
Investment Insights
Based on property information with market context.
This three-family residential income property totals 3,817 SF and sits on an oversized 11,880 SF lot. The offering is described as being in RG5 and includes room on-site for an ADU and potential for additional multifamily development, subject to feasibility study review.
The property is located about 0.2 miles from Dennis Shine Pool and Worcester Academy’s Gaskill Field, with additional nearby access points including Polar Park (1.1 miles) and Union Station (1.4 miles). It is also approximately 3 miles to UMass Chan and just over 3 miles to the Mass Pike entrance.
Additional development concepts and feasibility are referenced in the attached feasibility study, which should be reviewed for more detail on what may be possible for the site.
The property is located about 0.2 miles from Dennis Shine Pool and Worcester Academy’s Gaskill Field, with additional nearby access points including Polar Park (1.1 miles) and Union Station (1.4 miles). It is also approximately 3 miles to UMass Chan and just over 3 miles to the Mass Pike entrance.
Additional development concepts and feasibility are referenced in the attached feasibility study, which should be reviewed for more detail on what may be possible for the site.
Key Highlights
- 3‑family property built in 1924 with 3,817 SF of building area
- Oversized 11,880 SF lot in RG5, ready for additional development
- Lot offers space for an ADU and may allow up to an additional 3‑family on the lot
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 | $84.7k | $22.20 |
| − Vacancy | −$4.7k | −$1.22 |
| EGI | $80.1k | $20.98 |
| − OpEx | −$24.0k | −$6.29 |
| NOI | $56.1k | $14.69 |
3,817 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$800.8K
$700.7K – $934.2K
NOI $56,054 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,455 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,182 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-family property on an oversized lot with potential for additional development.
Where is this triplex located?
The property is located at 11 Woodford St Worcester, MA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 3‑family property built in 1924 with 3,817 SF of building area; Oversized 11,880 SF lot in RG5, ready for additional development; Lot offers space for an ADU and may allow up to an additional 3‑family on the lot
