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    Worcester Triplex with Recent Updates

    16 Doane Street Worcester, MA 01607

    Claim this Listing
    Pending
    $679,900

    MULTI_FAMILY - Worcester, MA

    Property size:
    2,707 SF
    Lot size:
    0.90 Acres
    Added:
    May 28, 2026
    Days on Market:
    46
    Last Refresh:
    Jul 12 at 5:06 pm

    Property Features for 16 Doane Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    res
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 5
    Standard status
    Pending
    APN
    1772718
    Size
    2,707 SF
    Lot size
    0.90 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7214

    Building Details

    Year built
    1890
    Floors in Building
    3
    Number of units
    3

    Listing agent Richard Anzalone License #453001066

    Listing office RE/MAX Signature Properties 337 Turnpike Road, Suite 202, Marlborough, MA

    Listing date May 28, 2026

    MLS# 73525702 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    Located in Worcester, Massachusetts, this multifamily property at 16 Doane Street presents an opportunity to own a three-family residence. The property features a newer roof and siding. All three apartments have been freshly painted and are in move-in condition. The units have been deleaded. Situated on a dead-end street, the property is close to major routes. The lot size is 0.9 acres, and the property size is 2707 square feet.

    Key Highlights

    • 3‑family property in Worcester built in 1890
    • Newer roof and siding
    • All apartments are freshly painted and listed as move‑in condition

    Local 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 $60.1k $22.20
    − Vacancy −$3.3k −$1.22
    EGI $56.8k $20.98
    − OpEx −$17.0k −$6.29
    NOI $39.8k $14.69
    2,707 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $567.9K
    $496.9K – $662.6K (±1% cap)
    NOI $39,753 @ 7.0% cap · market cap 5.85%
    Second Best
    Apartment 5plus
    $521.3K
    $456.2K – $608.2K (±1% cap)
    NOI $36,492 @ 7.0% cap · market cap 5.37%
    Theoretical Best
    Office A
    $903.5K
    $790.6K – $1.05M (±1% cap)
    NOI $63,248 @ 7.0% cap · market cap 9.30%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Skin Care Clinic Acupuncture Home Appliance Store Catering Service Computer & Electronic Repair Nail Salon Tech Support Center Florist

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Triplex - Three-unit residential income property in Worcester, move-in ready condition.
    Where is this triplex located?
    The property is located at 16 Doane Street Worcester, MA.
    What is the asking price?
    The asking price for this property is $679,900.
    What are key features of this property?
    This property features: 3‑family property in Worcester built in 1890; Newer roof and siding; All apartments are freshly painted and listed as move‑in condition
    Contact an agent
    (508) 485-5111
    We can help!
    Contact an agent
    Richard Anzalone
    Richard Anzalone
    Real Estate License ID: 453001066
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