Four-Bedroom Multifamily
New
For Sale
$850,000
128 Beacon St, Worcester, MA 01610
Each residence provides substantial living space, with public transportation and neighborhood services nearby.
Property Size5,397 SF
Days on Market4
Property Features for 128 Beacon St
General Information
Standard status
Active
Size
5,397 SF
Total Parking Spaces
1
Property subtype
Multifamily
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,872
Building Details
Building Size
5,397 SF
Year Built
1915
Listing Agency:
RE/MAX Generations
Listed By:
Elaine Evans Group
(508) 954-9019
Source:
Classifiedrealtygroup
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 7:02AM
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 RE/MAX Generations
Investment Insights
Based on property information with market context.
Built in 1915, this multifamily property has units with four bedrooms each and more than 1,700 square feet per unit. Its configuration supports residential use, including owner occupancy alongside rental income, as described in the property information.
The Worcester address places the property near shops, restaurants, schools, public transportation, and major highways. Clark University and Polar Park are within walking distance.
The Worcester address places the property near shops, restaurants, schools, public transportation, and major highways. Clark University and Polar Park are within walking distance.
Key Highlights
- Four bedrooms and more than 1,700 square feet in each unit
- Built in 1915
- Clark University and Polar Park are within walking distance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,754
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,080
$1.5M
Cap Rate 7%
$1,039,343
$1.0M
Cap Rate 9%
$808,378
$808.4K
Market Conditions
NOI Build-Up for 5,397 SF
Gross rent
$139.2K $25.80/SF
− Vacancy
−$7.0K −$1.29/SF
EGI
$132.3K $24.51/SF
− OpEx
−$59.5K −$11.03/SF
NOI
$72.8K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,080
Cap Rate 7%
$1,039,343
Cap Rate 9%
$808,378
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$909.4K – $1.21M
NOI $72,754 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,098 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,718
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence provides substantial living space, with public transportation and neighborhood services nearby.
Where is this multifamily property located?
The property is located at 128 Beacon St Worcester, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four bedrooms and more than 1,700 square feet in each unit; Built in 1915; Clark University and Polar Park are within walking distance
