Fully Rented Triple
For Sale
$650,000
Pending
127 Austin St, Worcester, MA 01609
Three fully occupied units with updated major components and lead certification, generating rental income in place.
Property Size3,315 SF
Days on Market133
Property Features for 127 Austin St
General Information
Standard status
Pending
Size
3,315 SF
Property subtype
3 Family
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
William Huang
(508) 561-4286
Source:
Lockandkeyre
Added: Jun 5
Changed: Oct 13
Last Checked: Oct 15 at 12:54AM
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
Investment Insights
Based on property information with market context.
This fully rented triple decker features three occupied units totaling 10 bedrooms and 3 full baths. The property is described as lead paint certified and in compliance with Massachusetts state regulations. Key improvements include a new roof and replaced side/back decks, along with hot water heaters replaced within the past five years. The property is offered as-is and the listing notes that tenants should not be disturbed.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,682
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,640
$973.6K
Cap Rate 7%
$695,457
$695.5K
Cap Rate 9%
$540,911
$540.9K
Market Conditions
NOI Build-Up for 3,315 SF
Gross rent
$73.6K $22.20/SF
− Vacancy
−$4.0K −$1.22/SF
EGI
$69.5K $20.98/SF
− OpEx
−$20.9K −$6.29/SF
NOI
$48.7K $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%
$973,640
Cap Rate 7%
$695,457
Cap Rate 9%
$540,911
Alternative Uses
Best Use
Multifamily LT 5
$695.5K
$608.5K – $811.4K
NOI $48,682 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$638.4K
$558.6K – $744.8K
NOI $44,688 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.11M
$968.2K – $1.29M
NOI $77,453 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three fully occupied units with updated major components and lead certification, generating rental income in place.
Where is this triplex located?
The property is located at 127 Austin St Worcester, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 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
