Move-In Ready Three-Family
16 Doane Street Worcester, MA 01607
16 Doane Street, Worcester, MA, 01607
$679,900
For Sale
$679,900
Deleaded, freshly painted, and updated exterior features make this three-family a strong fit for investors or multi-generational living.
Property Size2,707 SF
Price / SF$251.16
Days on Market50
Property Features for 16 Doane Street
General Information
- Standard status
- Active
- Size
- 2,707 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1890
Listing Agency
RE/MAX Signature Properties
(508) 509-4775
Listed by
Marilyn Green · License #25745
(508) 509-4775
Source
Lockandkeyre
Added: May 28 Checked: Jul 16 at 10:49 am
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 RE/MAX Signature Properties
Investment Insights
Based on property information with market context.
This three-family residence at 16 Doane Street offers a move-in condition throughout. The property features a newer roof and siding, and all apartments have been freshly painted, providing a clean, updated presentation for immediate occupancy or leasing. All three units have been deleaded, which can simplify compliance and reduce uncertainty for buyers evaluating an investment or owner-occupant setup.
The home is located close to major routes while still tucked away on a dead-end street. That combination can appeal to renters and owner-occupants who want convenient access to the area without the through-traffic feel associated with busier streets. It’s a well-positioned opportunity in Worcester for those seeking a reliable multi-family option.
With three separate units, the layout supports flexible ownership strategies, whether you’re looking for an income-producing investment or a multi-generation home configuration. The deleaded status, recent exterior improvements, and move-in-ready interior condition together make the property easier to underwrite and easier to show. If you’re looking for a straightforward three-family purchase with fewer near-term property items to address, this one is worth a timely look.
The home is located close to major routes while still tucked away on a dead-end street. That combination can appeal to renters and owner-occupants who want convenient access to the area without the through-traffic feel associated with busier streets. It’s a well-positioned opportunity in Worcester for those seeking a reliable multi-family option.
With three separate units, the layout supports flexible ownership strategies, whether you’re looking for an income-producing investment or a multi-generation home configuration. The deleaded status, recent exterior improvements, and move-in-ready interior condition together make the property easier to underwrite and easier to show. If you’re looking for a straightforward three-family purchase with fewer near-term property items to address, this one is worth a timely look.
Key Highlights
- 3‑family home built in 1890
- Newer roof and siding
- All apartments are freshly painted and described 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
NOI $39,753 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$521.3K
$456.2K – $608.2K
NOI $36,492 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$903.5K
$790.6K – $1.05M
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
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Deleaded, freshly painted, and updated exterior features make this three-family a strong fit for investors or multi-generational living.
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 home built in 1890; Newer roof and siding; All apartments are freshly painted and described as move‑in condition
