3-Unit Triplex with Remodeled
14 Wall Street, Worcester, MA 01604
For Sale
$699,900
All three apartments have laundry hookups, and the first unit includes a washer and dryer.
Property Size3,616 SF
Price / SF$193.56
Days on Market34
Property Features for 14 Wall Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Amenities
washer & dryer hookups
patio
shed
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Prof Associates
Listed By:
Lisa Westerman · License #9062616
(508) 963-2018
Source:
Somervillelofts
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 6:39AM
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, built in 1890, contains three apartments. The first-floor residence 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 apartment is lead certified and has washer-and-dryer hookups; laundry appliances are included in the first unit. The first two apartments have capacity for conversion to four-bedroom layouts.
Property improvements include a roof installed in 2021, updated landlord electrical panel, water heaters in all three apartments, and gas parlor heaters updated in 2021. The property also includes a basement, backyard patio, and shed. It is in Worcester with access to major roads and a train station.
Property improvements include a roof installed in 2021, updated landlord electrical panel, water heaters in all three apartments, and gas parlor heaters updated in 2021. The property also includes a basement, backyard patio, and shed. It is in Worcester with access to major roads and a train station.
Key Highlights
- Three apartments within 3,616 square feet
- All 3 units are lead certified
- First‑floor apartment has a remodeled kitchen and bathroom
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.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,883
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
$321,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments have laundry hookups, and the first unit includes a washer and dryer.
Where is this triplex located?
The property is located at 14 Wall Street 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 apartments within 3,616 square feet; All 3 units are lead certified; First‑floor apartment has a remodeled kitchen and bathroom
