Triplex With Private
For Sale
$725,000
Pending
15 Sigel St, Worcester, MA 01610
Three spacious apartments feature updated baths, eat-in kitchens, individual outdoor areas, and off-street parking.
Property Size4,416 SF
Days on Market49
Property Features for 15 Sigel St
General Information
Standard status
Pending
Size
4,416 SF
Total Parking Spaces
6
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
porches
Building Details
Year Built
1900
Listing Agency:
MIG
(617) 651-5406
Listed By:
Rayna Shelton-Wynn
(617) 869-5164
Source:
Lockandkeyre
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 9:02PM
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 MIG
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.
Located at 15 Sigel St in Worcester, this 1900 triplex contains 4,416 square feet, 18 rooms, and approximately 1,470 square feet per floor. Each apartment includes a kitchen, dining room, living room, and private porch, with wide-plank pine flooring, updated baths, gas cooking, pantry shelving, and fresh paint. The renovated bathrooms feature stone-top vanities, tiled floors, and recessed lighting. Double-pane windows have been updated, including unit 2 windows replaced in 2023.
The property provides off-street parking for 4–6 cars and includes a shed with a snow plow. One apartment is vacant, offering immediate occupancy potential. Crompton Park is two blocks away, while Polar Park and the WooSox are approximately a twelve-minute walk. Route 146 begins at the end of the block, I-290 is a half mile away, and Union Station is about a mile from the property. Walk Score is 85, Bike Score is 58, and Transit Score is 50.
The property provides off-street parking for 4–6 cars and includes a shed with a snow plow. One apartment is vacant, offering immediate occupancy potential. Crompton Park is two blocks away, while Polar Park and the WooSox are approximately a twelve-minute walk. Route 146 begins at the end of the block, I-290 is a half mile away, and Union Station is about a mile from the property. Walk Score is 85, Bike Score is 58, and Transit Score is 50.
Key Highlights
- Three‑family property with 4,416 sq ft and 18 rooms
- Approximately 1,470 sq ft per floor
- Private porches on all three levels with new decking, rails, and posts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,850
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,000
$1.3M
Cap Rate 7%
$926,429
$926.4K
Cap Rate 9%
$720,556
$720.6K
Market Conditions
NOI Build-Up for 4,416 SF
Gross rent
$98.0K $22.20/SF
− Vacancy
−$5.4K −$1.22/SF
EGI
$92.6K $20.98/SF
− OpEx
−$27.8K −$6.29/SF
NOI
$64.9K $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%
$1,297,000
Cap Rate 7%
$926,429
Cap Rate 9%
$720,556
Alternative Uses
Best Use
Multifamily LT 5
$926.4K
$810.6K – $1.08M
NOI $64,850 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$850.4K
$744.1K – $992.2K
NOI $59,530 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,178 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
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?
Triplex - Three spacious apartments feature updated baths, eat-in kitchens, individual outdoor areas, and off-street parking.
Where is this triplex located?
The property is located at 15 Sigel St Worcester, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑family property with 4,416 sq ft and 18 rooms; Approximately 1,470 sq ft per floor; Private porches on all three levels with new decking, rails, and posts
