Renovated Triplex with Hardwood
New
For Sale
$699,900
14 Wall St, Worcester, MA 01604
Three lead-certified apartments include laundry hookups, with a washer and dryer supplied in the first unit.
Property Size3,616 SF
Price / SF$193.56
Days on Market5
Property Features for 14 Wall St
General Information
Standard status
Active
Size
3,616 SF
Property subtype
3 Family - 3 Units Up/Down
Site & Location
Neighborhood
Union Hill C.w.a.
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
hardwood and wide pine flooring
tiled bathrooms
original woodwork
built-in china cabinets
laundry hookups
patio
storage shed
Building Details
Building Size
3,616 SF
Year Built
1890
Buildings
1
Listing Agency:
RE/MAX Prof Associates
(508) 834-7322
Listed By:
Lisa Westerman · License #9062616
(508) 963-2018
Source:
Iverty
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 24 at 5:53PM
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 Prof Associates
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Investment Insights
Based on property information with market context.
This 3,616-square-foot triplex contains three lead-certified apartments. The first-floor unit has a remodeled kitchen with custom cabinetry and stainless steel appliances, along with a renovated bathroom. Interior details include hardwood and wide pine floors, tiled bathrooms, original woodwork, and built-in china cabinets. Each unit has washer and dryer hookups, and the first apartment includes the machines. Apartments one and two could be configured as four-bedroom units. A large basement, backyard patio, and shed add to the property’s existing features.
Updates include a roof installed in 2021, a landlord electrical panel, newer water heaters in all three units, and gas parlor heaters updated in 2021. The building dates to 1890 and has vinyl siding.
Updates include a roof installed in 2021, a landlord electrical panel, newer water heaters in all three units, and gas parlor heaters updated in 2021. The building dates to 1890 and has vinyl siding.
Key Highlights
- Three lead‑certified apartments
- 3,616 square feet; built in 1890
- 2021 roof and gas parlor heater updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,102
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,040
$1.1M
Cap Rate 7%
$758,600
$758.6K
Cap Rate 9%
$590,022
$590.0K
Market Conditions
NOI Build-Up for 3,616 SF
Gross rent
$80.3K $22.20/SF
− Vacancy
−$4.4K −$1.22/SF
EGI
$75.9K $20.98/SF
− OpEx
−$22.8K −$6.29/SF
NOI
$53.1K $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%
$1,062,040
Cap Rate 7%
$758,600
Cap Rate 9%
$590,022
Alternative Uses
Best Use
Multifamily LT 5
$758.6K
$663.8K – $885.0K
NOI $53,102 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$696.4K
$609.3K – $812.4K
NOI $48,745 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,486 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,883
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three lead-certified apartments include laundry hookups, with a washer and dryer supplied in the first unit.
Where is this triplex located?
The property is located at 14 Wall St Worcester, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three lead‑certified apartments; 3,616 square feet; built in 1890; 2021 roof and gas parlor heater updates
