Triplex with Private
12 Puritan Ave, Worcester, MA 01604
For Sale
New
$644,000
Three two-bedroom apartments offer separate porch areas and a mix of in-unit and basement laundry.
Property Size2,266 SF
Price / SF$284.20
Days on Market4
Property Features for 12 Puritan Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private porch space
in-unit washer and dryers
basement laundry
Ceiling Fan(s)
Pantry
Bathroom With Tub & Shower
Remodeled
Internet Available - Unknown
Storage
Living Room
Kitchen
Laundry Room
Balcony/Deck
Balcony
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Realty
(781) 205-6240
Listed By:
Patti Fitzgerald
(508) 930-2176
Source:
Condonrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 2:15PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,266-square-foot triplex, built in 1901, contains three apartments, each with two bedrooms, an eat-in kitchen with pantry area, a living room, and an updated bathroom. Each unit has a private porch. Laundry is provided in Units 1 and 2, while Unit 3 uses basement laundry. A garage and paved driveway add storage and off-street parking. The property is zoned RG-5.
Located at 12 Puritan Ave in Worcester’s Grafton Hill neighborhood, the property is near downtown Worcester, hospitals, shopping, major employers, Clark University, UMass Chan Medical School, and WPI. Highway access, public transportation, Union Station, and commuter routes are also nearby. Tenants pay their own electricity; Unit 3 also pays for its electric heat, while the landlord supplies heat and hot water for Units 1 and 2.
Located at 12 Puritan Ave in Worcester’s Grafton Hill neighborhood, the property is near downtown Worcester, hospitals, shopping, major employers, Clark University, UMass Chan Medical School, and WPI. Highway access, public transportation, Union Station, and commuter routes are also nearby. Tenants pay their own electricity; Unit 3 also pays for its electric heat, while the landlord supplies heat and hot water for Units 1 and 2.
Key Highlights
- Three apartments, each with two bedrooms
- 2,266 square feet; built in 1901
- Paved driveway provides off‑street parking for 7+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,277
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,540
$665.5K
Cap Rate 7%
$475,386
$475.4K
Cap Rate 9%
$369,744
$369.7K
Market Conditions
NOI Build-Up for 2,266 SF
Gross rent
$50.3K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$47.5K $20.98/SF
− OpEx
−$14.3K −$6.29/SF
NOI
$33.3K $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%
$665,540
Cap Rate 7%
$475,386
Cap Rate 9%
$369,744
Alternative Uses
Best Use
Multifamily LT 5
$475.4K
$416.0K – $554.6K
NOI $33,277 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$436.4K
$381.8K – $509.1K
NOI $30,547 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,944 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
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Market
Average Price Trend$/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 two-bedroom apartments offer separate porch areas and a mix of in-unit and basement laundry.
Where is this triplex located?
The property is located at 12 Puritan Ave Worcester, MA.
What is the asking price?
The asking price for this property is $644,000.
What are key features of this property?
This property features: Three apartments, each with two bedrooms; 2,266 square feet; built in 1901; Paved driveway provides off‑street parking for 7+ vehicles
