Updated Triplex with Separate
16 Bellevue Street Worcester, MA 01609
For Sale
$639,999
Three updated units offer vinyl plank flooring and separate electric and gas services for each tenant.
Property Size2,760 SF
Price / SF$231.88
Days on Market98
Property Features for 16 Bellevue Street
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing Agency:
Property Investors & Advisors,LLC
Listed By:
The Torres Group
(508) 867-2800
Source:
Miketoomeyrealestate
Added: Apr 18
Changed: Jul 22
Last Checked: Jul 23 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 Property Investors & Advisors,LLC
Investment Insights
Based on property information with market context.
This updated triplex contains three units, each with its own separate electric and gas service. Most main living areas feature vinyl plank flooring. The property totals approximately 2,760 square feet across three floors, with 6 bedrooms and 3 full baths. An ample yard space provides outdoor area suitable for everyday use.
The property is offered for sale and may also be purchased together with 16 West Obelin St Worcester, MA.
With three independent utility services and an updated interior finish package, the building is well suited for both owner-occupants and investors seeking a low-maintenance multi-unit setup.
The property is offered for sale and may also be purchased together with 16 West Obelin St Worcester, MA.
With three independent utility services and an updated interior finish package, the building is well suited for both owner-occupants and investors seeking a low-maintenance multi-unit setup.
Key Highlights
- 1890‑built 3‑unit property with approximately 2,760 SF across three floors
- 3 updated units with vinyl plank flooring throughout most main living areas
- Each unit has its own separate electric and gas service (tenants pay their own utilities)
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 | $61.3k | $22.20 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $57.9k | $20.98 |
| − OpEx | −$17.4k | −$6.29 |
| NOI | $40.5k | $14.69 |
2,760 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.0K
$506.6K – $675.5K
NOI $40,531 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$531.5K
$465.1K – $620.1K
NOI $37,206 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$921.2K
$806.1K – $1.07M
NOI $64,486 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three updated units offer vinyl plank flooring and separate electric and gas services for each tenant.
Where is this triplex located?
The property is located at 16 Bellevue Street Worcester, MA.
What is the asking price?
The asking price for this property is $639,999.
What are key features of this property?
This property features: 1890‑built 3‑unit property with approximately 2,760 SF across three floors; 3 updated units with vinyl plank flooring throughout most main living areas; Each unit has its own separate electric and gas service (tenants pay their own utilities)
