Triplex with Two-Car
New
For Sale
$759,900
1296 Main, Worcester, MA 01603
A corner-lot property offers off-street parking and a garage currently used for business storage.
Property Size3,691 SF
Price / SF$205.88
Days on Market2
Property Features for 1296 Main
General Information
Standard status
Active
Size
3,691 SF
Total Parking Spaces
2
Property subtype
Investment
Site & Location
Neighborhood
Webster Square C.w.a.
Road Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$69,048
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,885
Building Details
Building Size
3,691 SF
Year Built
1906
Stories
3
Units
3
Listing Agency:
homecoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 4:17PM
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 homecoin.com
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Investment Insights
Based on property information with market context.
Built in 1906, this Worcester triplex contains approximately 3,691 square feet of living area, with 7 bedrooms and 3.5 bathrooms. Interior features include hardwood floors and high ceilings, and the second floor has been updated. Furnaces serving Units 2 and 3 were replaced within the past few years. The property is offered as-is, with no seller repairs or contributions toward buyer closing expenses.
A two-car garage is currently leased for business storage, and the property also has off-street parking on its corner lot. The location is on Main Street, near shopping, restaurants, public transportation, and major commuting routes.
A two-car garage is currently leased for business storage, and the property also has off-street parking on its corner lot. The location is on Main Street, near shopping, restaurants, public transportation, and major commuting routes.
Key Highlights
- Three‑family property with approximately 3,691 sq. ft. of living area
- 7 bedrooms and 3.5 bathrooms
- Two‑car garage currently leased for business storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,203
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,060
$1.1M
Cap Rate 7%
$774,329
$774.3K
Cap Rate 9%
$602,256
$602.3K
Market Conditions
NOI Build-Up for 3,691 SF
Gross rent
$81.9K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.4K $20.98/SF
− OpEx
−$23.2K −$6.29/SF
NOI
$54.2K $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%
$1,084,060
Cap Rate 7%
$774,329
Cap Rate 9%
$602,256
Alternative Uses
Best Use
Multifamily LT 5
$774.3K
$677.5K – $903.4K
NOI $54,203 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$710.8K
$622.0K – $829.3K
NOI $49,757 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,238 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
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
Frequently Asked Questions
What type of property is this?
Triplex - A corner-lot property offers off-street parking and a garage currently used for business storage.
Where is this triplex located?
The property is located at 1296 Main Worcester, MA.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Three‑family property with approximately 3,691 sq. ft. of living area; 7 bedrooms and 3.5 bathrooms; Two‑car garage currently leased for business storage
