Triplex with Three 2-Bedroom
126 Sterling Street Worcester, MA 01610
For Sale
$725,000
Three separate 2-bedroom units with individual electric meters, washer/dryer hookups, and off-street parking.
Property Size3,480 SF
Price / SF$208.33
Days on Market49
Property Features for 126 Sterling Street
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing Agency:
Real Broker MA,LLC
Listed By:
Jim Black Group
(508) 867-2800
Source:
Miketoomeyrealestate
Added: Jun 6
Changed: Jul 21
Last Checked: Jul 22 at 8:28AM
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 Real Broker MA,LLC
Investment Insights
Based on property information with market context.
This triplex offers three spacious 2-bedroom units, with potential for an additional third bedroom in each unit. Units are separately served with gas and electric, with individual electric meters plus a landlord meter, and each unit includes washer/dryer hookups for added convenience.
Exterior improvements include roof and siding replacement approximately eight years ago. The property also features a large composite deck overlooking a fenced backyard and off-street parking.
Located in Worcester, the property is described as being just minutes from Polar Park, local colleges and universities, major healthcare employers, and provides convenient highway access.
Exterior improvements include roof and siding replacement approximately eight years ago. The property also features a large composite deck overlooking a fenced backyard and off-street parking.
Located in Worcester, the property is described as being just minutes from Polar Park, local colleges and universities, major healthcare employers, and provides convenient highway access.
Key Highlights
- Three separate 2‑bedroom units (built 1920), each with washer/dryer hookups for added in‑unit convenience
- Separate gas and electric utilities plus individual electric meters (plus a landlord meter), supporting tenant‑friendly utility management
- Exterior improvements include roof and siding replacement approximately 8 years ago
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 | $77.3k | $22.20 |
| − Vacancy | −$4.2k | −$1.22 |
| EGI | $73.0k | $20.98 |
| − OpEx | −$21.9k | −$6.29 |
| NOI | $51.1k | $14.69 |
3,480 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$730.1K
$638.8K – $851.8K
NOI $51,105 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$670.2K
$586.4K – $781.9K
NOI $46,912 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,308 @ 7.0% cap · market cap 11.21%
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 separate 2-bedroom units with individual electric meters, washer/dryer hookups, and off-street parking.
Where is this triplex located?
The property is located at 126 Sterling Street Worcester, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three separate 2‑bedroom units (built 1920), each with washer/dryer hookups for added in‑unit convenience; Separate gas and electric utilities plus individual electric meters (plus a landlord meter), supporting tenant‑friendly utility management; Exterior improvements include roof and siding replacement approximately 8 years ago
