3-Unit Multifamily
13 Hitchcock Road, Worcester, MA 01603
For Sale
New
$859,000
Residential Income, Worcester, MA
Property Size3,813 SF
Lot Size0.13 Acres
Price / SF$225.28
Days on Market2
Property Features for 13 Hitchcock Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
RE/MAX Platinum · RE/MAX International
(781) 484-1957
Listed By:
Scott Jones Jr · License MA REB.0019121
(781) 844-5070
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 73601613
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,813-square-foot triplex contains three residential units with a combined nine bedrooms and four full bathrooms. Built in 1918 on a 0.13-acre corner lot, the property has remodeled interiors with open layouts, hardwood flooring, and kitchens with shaker cabinetry and stone counters. Additional space includes a mudroom and pantry in the first-floor unit and an office or den in Unit 2. Unit 3, which has two full bathrooms, may be delivered vacant. A full basement, gas heat, and off-street parking are also included.
The property is less than a mile from Clark University and a short drive from Saint Vincent Hospital. Bus service runs along Main Street, with nearby shopping and access to Routes 9, 12, and I-290. The zoning designation is RG-5.
The property is less than a mile from Clark University and a short drive from Saint Vincent Hospital. Bus service runs along Main Street, with nearby shopping and access to Routes 9, 12, and I-290. The zoning designation is RG-5.
Key Highlights
- Three residential units with 9 bedrooms and 4 full bathrooms
- 3,813 square feet on a 0.13‑acre corner lot
- Unit 3, with 2 full bathrooms, may be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,995
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,900
$1.1M
Cap Rate 7%
$799,929
$799.9K
Cap Rate 9%
$622,167
$622.2K
Market Conditions
NOI Build-Up for 3,813 SF
Gross rent
$84.6K $22.20/SF
− Vacancy
−$4.7K −$1.22/SF
EGI
$80.0K $20.98/SF
− OpEx
−$24.0K −$6.29/SF
NOI
$56.0K $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%
$1,119,900
Cap Rate 7%
$799,929
Cap Rate 9%
$622,167
Alternative Uses
Best Use
Multifamily LT 5
$799.9K
$699.9K – $933.3K
NOI $55,995 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$734.3K
$642.5K – $856.7K
NOI $51,401 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,089 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,015
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
$287,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - RG-5 zoning and a corner-lot setting distinguish this Worcester property, with one unit potentially available vacant.
Where is this triplex located?
The property is located at 13 Hitchcock Road Worcester, MA.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Three residential units with 9 bedrooms and 4 full bathrooms; 3,813 square feet on a 0.13‑acre corner lot; Unit 3, with 2 full bathrooms, may be delivered vacant
