Updated
New
For Sale
$920,000
177 Fairmont Ave, Worcester, MA 01604
Three residences offer private laundry and refreshed kitchens, with all units currently occupied by long-term tenants.
Property Size4,644 SF
Price / SF$198.11
Days on Market5
Property Features for 177 Fairmont Ave
General Information
Standard status
Active
Size
4,644 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
private laundry
fenced yard
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Vicente Realty, LLC
Listed By:
Emiel Barbosa · License #CN231176
Source:
C21revolution
Added: Oct 1
Last Checked: Oct 4 at 6:49AM
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 Vicente Realty, LLC
Investment Insights
Based on property information with market context.
This Worcester triplex dates to 1910 and contains three residences, each arranged with an open living area, three bedrooms, a kitchen, private laundry, and storage. Hardwood flooring is among the interior features. Electrical work and insulation, along with the vinyl siding and windows, were updated in 2015. The property is fully rented, with long-term tenants in place. A fenced yard and off-street parking for six vehicles are also included.
Restaurants, retail, parks, medical facilities, public transportation, and highway access are noted nearby. The property is located at 177 Fairmont Ave in Worcester, Massachusetts.
Restaurants, retail, parks, medical facilities, public transportation, and highway access are noted nearby. The property is located at 177 Fairmont Ave in Worcester, Massachusetts.
Key Highlights
- Three residential units, each with three bedrooms
- Updated electrical, insulation, vinyl siding, and windows in 2015
- All units rented to long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,199
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,980
$1.4M
Cap Rate 7%
$974,271
$974.3K
Cap Rate 9%
$757,767
$757.8K
Market Conditions
NOI Build-Up for 4,644 SF
Gross rent
$103.1K $22.20/SF
− Vacancy
−$5.7K −$1.22/SF
EGI
$97.4K $20.98/SF
− OpEx
−$29.2K −$6.29/SF
NOI
$68.2K $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%
$1,363,980
Cap Rate 7%
$974,271
Cap Rate 9%
$757,767
Alternative Uses
Best Use
Multifamily LT 5
$974.3K
$852.5K – $1.14M
NOI $68,199 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$894.3K
$782.5K – $1.04M
NOI $62,603 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,505 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer private laundry and refreshed kitchens, with all units currently occupied by long-term tenants.
Where is this triplex located?
The property is located at 177 Fairmont Ave Worcester, MA.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Three residential units, each with three bedrooms; Updated electrical, insulation, vinyl siding, and windows in 2015; All units rented to long‑term tenants
