Three-Family Residence With Recent
New
For Sale
$649,995
150 Ingleside, Worcester, MA 01604
Fully occupied three-family with updated interiors, completed electrical and heating work, and off-street parking.
Days on Market4
Property Features for 150 Ingleside
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Additional Details
Gross Income
$63,000
Building Details
Building Size
2,598 SF
Year Built
1898
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(508) 794-5929
Listed By:
Tre DeBraga
(508) 794-5929
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 8:55AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
150 Ingleside Street is a fully occupied three-family in Worcester, Massachusetts. The property includes three two-bedroom, one-bath units with long-term tenants in place across all three units. Tenants are responsible for their own utilities, helping keep operating expenses controlled.
Recent cosmetic improvements include new flooring, fresh paint, and updated cabinets. Electrical and heating work has also been completed throughout the property, so day-one maintenance planning is reduced.
The building provides off-street parking. It was built in 1898 and is available for viewing at an open house Saturday 8/1 and Sunday 8/2 from 11:00am to 1:00pm. Walk Score is 80 (Very Walkable) and Bike Score is 42 (Somewhat Bikeable); transitScore is 42 (Some Transit).
Recent cosmetic improvements include new flooring, fresh paint, and updated cabinets. Electrical and heating work has also been completed throughout the property, so day-one maintenance planning is reduced.
The building provides off-street parking. It was built in 1898 and is available for viewing at an open house Saturday 8/1 and Sunday 8/2 from 11:00am to 1:00pm. Walk Score is 80 (Very Walkable) and Bike Score is 42 (Somewhat Bikeable); transitScore is 42 (Some Transit).
Key Highlights
- Three two‑bedroom, one‑bath units with long‑term tenants across all three
- Tenants pay their own utilities
- Recent interior upgrades: new flooring, fresh paint, and updated cabinets
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.7k | $22.20 |
| − Vacancy | −$3.2k | −$1.22 |
| EGI | $54.5k | $20.98 |
| − OpEx | −$16.4k | −$6.29 |
| NOI | $38.2k | $14.69 |
2,598 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$545.0K
$476.9K – $635.9K
NOI $38,152 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$867.2K
$758.8K – $1.01M
NOI $60,701 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
707
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-family with updated interiors, completed electrical and heating work, and off-street parking.
Where is this triplex located?
The property is located at 150 Ingleside Worcester, MA.
What is the asking price?
The asking price for this property is $649,995.
What are key features of this property?
This property features: Three two‑bedroom, one‑bath units with long‑term tenants across all three; Tenants pay their own utilities; Recent interior upgrades: new flooring, fresh paint, and updated cabinets
