Triplex with
For Sale
$789,900
14 Ericsson St, Worcester, MA 01606
Residential Income, Worcester, MA
Property Size3,918 SF
Lot Size0.14 Acres
Price / SF$201.61
Days on Market50
Property Features for 14 Ericsson St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RG-5
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 7, Bathroom 3
Parking
9
Directions
Barber Ave. to Ericsson St.
Standard status
Active
APN
M:12 B:002 L:00017,1773791
Size
3,918 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6487
Amenities
hardwood flooring
gas heat
private outdoor deck
Building Details
Year built
1925
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vision · RE/MAX International
(508) 595-9900
Listed By:
Jeff Burk · License #9035530
(508) 826-3301
Added: Aug 27
Changed: Oct 12
Last Checked: Oct 15 at 3:06AM
MLS# 73569084
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.
Investment Insights
Based on property information with market context.
This Worcester triplex contains 3,918 square feet across three units, each with three bedrooms, one full bathroom, hardwood floors, and gas heat. Improvements include updated electrical service with a separate landlord meter, an updated roof, newer windows, and gutters. The first-floor apartment has a private deck. A three-car garage and additional off-street parking serve the property, which occupies 0.1387 acres and was built in 1925. Zoning is RG-5.
The property is in Worcester, Massachusetts, near major highways, shopping, local dining, and area amenities. It can be delivered vacant, leaving the incoming owner to determine tenant occupancy across the units.
The property is in Worcester, Massachusetts, near major highways, shopping, local dining, and area amenities. It can be delivered vacant, leaving the incoming owner to determine tenant occupancy across the units.
Key Highlights
- Three apartments, each with 3 bedrooms and 1 full bath
- 3,918 square feet on a 0.1387‑acre lot
- Three‑car garage plus additional off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,537
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,740
$1.2M
Cap Rate 7%
$821,957
$822.0K
Cap Rate 9%
$639,300
$639.3K
Market Conditions
NOI Build-Up for 3,918 SF
Gross rent
$87.0K $22.20/SF
− Vacancy
−$4.8K −$1.22/SF
EGI
$82.2K $20.98/SF
− OpEx
−$24.7K −$6.29/SF
NOI
$57.5K $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%
$1,150,740
Cap Rate 7%
$821,957
Cap Rate 9%
$639,300
Alternative Uses
Best Use
Multifamily LT 5
$822.0K
$719.2K – $959.0K
NOI $57,537 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$754.5K
$660.2K – $880.3K
NOI $52,817 @ 7.0% cap · market cap 6.69%
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
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Current Use
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
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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 - The property can be delivered vacant, allowing the next owner to select tenants for all three units.
Where is this triplex located?
The property is located at 14 Ericsson St 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: Three apartments, each with 3 bedrooms and 1 full bath; 3,918 square feet on a 0.1387‑acre lot; Three‑car garage plus additional off‑street parking
