Updated Triplex With Detached
For Sale
$799,000
6 Dorchester St, Worcester, MA 01610
Three-family property with a vacant, move-in-ready second floor and on-site parking.
Property Size4,124 SF
Price / SF$193.74
Days on Market43
Property Features for 6 Dorchester St
General Information
Standard status
Active
Size
4,124 SF
Total Parking Spaces
5
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,812
Amenities
washer/dryer hookups
private deck
Building Details
Building Size
4,124 SF
Year Built
1890
Year Renovated
2019
Listing Agency:
Property Investors & Advisors, LLC
Listed By:
Brian Allen · License #9583389
(508) 868-0927
Source:
Classifiedrealtygroup
Added: Aug 26
Changed: Sep 27
Last Checked: Oct 5 at 3:50PM
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 Property Investors & Advisors, LLC
Investment Insights
Based on property information with market context.
Located at 6 Dorchester St in Worcester, this triplex contains 4,124 square feet of living space arranged across 20 rooms and 11 bedrooms. The second floor is vacant and move-in ready, while each unit includes washer and dryer hookups. A large private deck extends from the first-floor main living area.
Updates completed in 2019 included a new roof. The property also includes three off-street parking spaces and a detached two-car garage with a half bath at 45 Richland Street. The garage provides an additional accessory improvement to the three-family layout.
Updates completed in 2019 included a new roof. The property also includes three off-street parking spaces and a detached two-car garage with a half bath at 45 Richland Street. The garage provides an additional accessory improvement to the three-family layout.
Key Highlights
- 4,124 square feet across 20 rooms and 11 bedrooms
- Triplex with a vacant, move‑in‑ready second floor
- 2019 updates included a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,562
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,240
$1.2M
Cap Rate 7%
$865,171
$865.2K
Cap Rate 9%
$672,911
$672.9K
Market Conditions
NOI Build-Up for 4,124 SF
Gross rent
$91.6K $22.20/SF
− Vacancy
−$5.0K −$1.22/SF
EGI
$86.5K $20.98/SF
− OpEx
−$26.0K −$6.29/SF
NOI
$60.6K $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%
$1,211,240
Cap Rate 7%
$865,171
Cap Rate 9%
$672,911
Alternative Uses
Best Use
Multifamily LT 5
$865.2K
$757.0K – $1.01M
NOI $60,562 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$794.2K
$694.9K – $926.6K
NOI $55,594 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,355 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,818
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with a vacant, move-in-ready second floor and on-site parking.
Where is this triplex located?
The property is located at 6 Dorchester St Worcester, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,124 square feet across 20 rooms and 11 bedrooms; Triplex with a vacant, move‑in‑ready second floor; 2019 updates included a new roof
