4-Unit Multifamily
New
For Sale
$725,000
130 Canterbury St, Worcester, MA 01603
Updated interiors and a four-car garage add practical features to this Worcester rental property.
Property Size3,035 SF
Price / SF$238.88
Days on Market6
Property Features for 130 Canterbury St
General Information
Standard status
Active
Size
3,035 SF
Total Parking Spaces
4
Property subtype
4 Family - 4 Units Up/Down
Site & Location
Neighborhood
Main South Cdc
Additional Details
Multifamily Units
4
Building Details
Building Size
3,035 SF
Year Built
1900
Buildings
1
Listing Agency:
Parent Real Estate
(774) 239-4017
Listed By:
Michael R. Parent
(774) 239-4010
Source:
Iverty
Added: Oct 25
Changed: Oct 29
Last Checked: Oct 28 at 8:04AM
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 Parent Real Estate
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Investment Insights
Based on property information with market context.
At 130 Canterbury St, this four-unit multifamily property contains 3,035 square feet. Recent work includes fresh interior paint, refinished hardwood floors, updated bathrooms, replacement windows and updated heating. Each apartment has a Letter of Compliance for lead hazards. A four-car garage provides off-street parking, and the lot is described as low maintenance.
A grammar school is across the street. Shopping, restaurants, services and a park are nearby. The building dates to 1900 and is located in Worcester, Massachusetts.
A grammar school is across the street. Shopping, restaurants, services and a park are nearby. The building dates to 1900 and is located in Worcester, Massachusetts.
Key Highlights
- Four apartments totaling 3,035 square feet
- Each unit has a Letter of Compliance for lead hazards
- Four‑car garage offers off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,570
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,400
$891.4K
Cap Rate 7%
$636,714
$636.7K
Cap Rate 9%
$495,222
$495.2K
Market Conditions
NOI Build-Up for 3,035 SF
Gross rent
$67.4K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$63.7K $20.98/SF
− OpEx
−$19.1K −$6.29/SF
NOI
$44.6K $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%
$891,400
Cap Rate 7%
$636,714
Cap Rate 9%
$495,222
Alternative Uses
Best Use
Multifamily LT 5
$636.7K
$557.1K – $742.8K
NOI $44,570 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$584.5K
$511.4K – $681.9K
NOI $40,913 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.01M
$886.4K – $1.18M
NOI $70,911 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated interiors and a four-car garage add practical features to this Worcester rental property.
Where is this quadplex located?
The property is located at 130 Canterbury St Worcester, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four apartments totaling 3,035 square feet; Each unit has a Letter of Compliance for lead hazards; Four‑car garage offers off‑street parking
