Three-Unit Multifamily with
15 Carlstad St, Worcester, MA 01607
For Sale
$750,000
Pending
The first-floor residence will be delivered vacant, with separate gas heat metering for each unit.
Property Size3,300 SF
Days on Market34
Property Features for 15 Carlstad St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Buildings
Stories
Listing Agency:
Matt Peloquin Realty
Listed By:
Matthew Peloquin
(774) 276-1739
Source:
Dohertyproperties
Added: Oct 7
Changed: Oct 31
Last Checked: Nov 8 at 7:20AM
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 Matt Peloquin Realty
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 3,300-square-foot triplex comprises three condominium units being offered together. The first-floor unit will be delivered vacant. Each residence has separately metered gas heat, and all units have certificates of deleading compliance. Building updates include a roof installed in August 2026, replaced hot water heaters, and updated electric panels; the common-area electricity is separately metered. Appliances and other mechanical systems are in good working order.
A three-bay garage, driveway, and fenced corner lot provide on-site parking. The property is located at 15 Carlstad St in Worcester, Massachusetts. The three units may be retained under common management or kept as condominiums, as described in the property information.
A three-bay garage, driveway, and fenced corner lot provide on-site parking. The property is located at 15 Carlstad St in Worcester, Massachusetts. The three units may be retained under common management or kept as condominiums, as described in the property information.
Key Highlights
- Three condominium units offered together as a triplex
- 3,300 square feet
- Three‑bay garage, driveway, and fenced corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,461
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,220
$969.2K
Cap Rate 7%
$692,300
$692.3K
Cap Rate 9%
$538,456
$538.5K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$73.3K $22.20/SF
− Vacancy
−$4.0K −$1.22/SF
EGI
$69.2K $20.98/SF
− OpEx
−$20.8K −$6.29/SF
NOI
$48.5K $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%
$969,220
Cap Rate 7%
$692,300
Cap Rate 9%
$538,456
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,461 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$635.5K
$556.1K – $741.4K
NOI $44,486 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.10M
$963.8K – $1.29M
NOI $77,103 @ 7.0% cap · market cap 10.28%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 01607, MA
9,378
Population
4,172
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
3,126
Density / Sq Mi
$66,365
Median Household Income
$46,300
Median Earnings
$1,356
Median Rent
$341,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - The first-floor residence will be delivered vacant, with separate gas heat metering for each unit.
Where is this triplex located?
The property is located at 15 Carlstad St Worcester, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three condominium units offered together as a triplex; 3,300 square feet; Three‑bay garage, driveway, and fenced corner lot
