127 Austin St, Worcester, MA 01609
Three fully occupied units with updated major components and lead certification, generating rental income in place.
- Added:
- Jun 5, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 10 at 2:56 am
Property Features for 127 Austin St
General Information
- Standard status
- Active
- Size
- 3,315 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1890
Listing office eXp Realty LLC - Corporate Office (508) 561-4286
Listing date Jun 5, 2026
Source Lockandkeyre
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 eXp Realty LLC - Corporate Office
HighLights
- Fully rented triple decker with 3 occupied units totaling 10 bedrooms and 3 full bathrooms
- Lead Paint Certified and in compliance with Massachusetts state regulations
- New roof and new side/back decks replaced
- All hot water heaters tank replaced within past 5 years
- Convenient location near Route 9, Kelley Sq, Polar Park, UMASS Medical, and public transit
- Sold as‑is (do not disturb tenants)
Overview
Located in Worcester with convenient access to Route 9 and public transit. The remarks also reference nearby destinations including Kelley Sq, Polar Park, and UMASS Medical.
For investors or owner-operators seeking a turn-key residential income property, the combination of full occupancy, bedroom and bath mix across three units, and recent updates to the roof, decks, and hot water heaters may support a streamlined ownership experience. Buyers should review the as-is condition and confirm financing, compliance documentation, and any operational details during due diligence.
Local 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 | $73.6k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $69.5k | $20.98 |
| − OpEx | −$20.9k | −$6.29 |
| NOI | $48.7k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8116275
- Latitude
- 42.2612765
