Multifamily Property with
New
For Sale
$789,900
14 Ericsson Street, Worcester, MA 01606
Vacant units offer flexibility for new occupancy, with RG-5 zoning and a private deck off the first-floor residence.
Property Size3,918 SF
Price / SF$201.61
Days on Market4
Property Features for 14 Ericsson Street
General Information
Standard status
Active
Size
3,918 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Burncoat/Greendale C.w.a
Highway Access
Yes
Amenities
garage
private outdoor deck
Building Details
Year Built
1925
Listing Agency:
RE/MAX Vision
Listed By:
Worcester County Homes Team
(617) 661-6600
Source:
Cambridgerealty
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 1:49PM
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 RE/MAX Vision
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,918-square-foot multifamily property, built in 1925, is delivered vacant. Each residence has three bedrooms, one full bathroom, hardwood floors, and gas heat. The first-floor unit has a private deck. Building features include updated electrical service with a separate landlord meter, an updated roof, newer windows, and gutters. A three-car garage and additional off-street parking serve the property.
The property is in Worcester’s Greendale neighborhood, near major highways, shopping, dining, and other area amenities. RG-5 zoning is listed for the site.
The property is in Worcester’s Greendale neighborhood, near major highways, shopping, dining, and other area amenities. RG-5 zoning is listed for the site.
Key Highlights
- 3,918‑square‑foot multifamily property built in 1925
- Delivered vacant; each unit has 3 bedrooms and 1 full bath
- Hardwood flooring and gas heat in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,817
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,340
$1.1M
Cap Rate 7%
$754,529
$754.5K
Cap Rate 9%
$586,856
$586.9K
Market Conditions
NOI Build-Up for 3,918 SF
Gross rent
$101.1K $25.80/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$96.0K $24.51/SF
− OpEx
−$43.2K −$11.03/SF
NOI
$52.8K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,340
Cap Rate 7%
$754,529
Cap Rate 9%
$586,856
Alternative Uses
Best Use
Apartment 5plus
$754.5K
$660.2K – $880.3K
NOI $52,817 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,542 @ 7.0% cap · market cap 11.59%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 01606, MA
21,651
Population
9,427
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
3,609
Density / Sq Mi
$92,537
Median Household Income
$55,931
Median Earnings
$1,615
Median Rent
$343,700
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?
Multifamily property - Vacant units offer flexibility for new occupancy, with RG-5 zoning and a private deck off the first-floor residence.
Where is this multifamily property located?
The property is located at 14 Ericsson Street Worcester, MA.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 3,918‑square‑foot multifamily property built in 1925; Delivered vacant; each unit has 3 bedrooms and 1 full bath; Hardwood flooring and gas heat in each unit
