Turnkey 3-Unit Residential
For Sale
$799,999
17 North Woodford Street, Worcester, MA 01604
Turnkey three-family with three-bedroom, one-bath units, enclosed porches, and laundry hookups.
Property Size4,314 SF
Price / SF$185.44
Days on Market63
Property Features for 17 North Woodford Street
General Information
Standard status
Active
Size
4,314 SF
Property subtype
Multi-family / 3 Family - 3 Units Up/Down
Building Details
Year Built
1924
Listing Agency:
Houseworks Realty
(508) 867-0903
Listed By:
Cliff Leinonen & Cindy Leinonen Team
(508) 867-0903
Source:
Compass
Added: May 29
Changed: Jul 21
Last Checked: Jul 21 at 11:42AM
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 Houseworks Realty
Investment Insights
Based on property information with market context.
Turnkey three-family residential income property with each unit featuring a kitchen, living room, dining room, three bedrooms, and one bathroom. Units include spacious layouts with hardwood floors and woodwork, built-in hutches, enclosed porches, and laundry hookups. The second-floor unit offers upgrades including granite countertops, stainless steel appliances, newer cabinetry, and renovated tile shower(s). Two units are de-leaded with certificates available.
The property is located near I-290 and public transportation, with convenient access to hospitals, colleges, restaurants, and shopping. It is within walking distance of tennis courts and Vernon Hill Park, which includes an off-leash dog park.
Solar panels generate approximately $300 in electricity per month, which can create a credit balance that may be transferable to other National Grid accounts. The property is offered for sale as a complete investment setup with a strong rental history.
The property is located near I-290 and public transportation, with convenient access to hospitals, colleges, restaurants, and shopping. It is within walking distance of tennis courts and Vernon Hill Park, which includes an off-leash dog park.
Solar panels generate approximately $300 in electricity per month, which can create a credit balance that may be transferable to other National Grid accounts. The property is offered for sale as a complete investment setup with a strong rental history.
Key Highlights
- Turnkey 3‑family with three 3‑bedroom, 1‑bath units featuring kitchen, living room, and dining room layouts
- Enclosed porches and in‑unit‑style laundry hookups (washer & dryer hookup, electric dryer hookup) for each unit
- Interior updates include tile/varies/hardwood flooring, pantry and storage, smart thermostat, and upgraded cabinets/countertops in the 2nd floor unit(s)
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 | $95.8k | $22.20 |
| − Vacancy | −$5.3k | −$1.22 |
| EGI | $90.5k | $20.98 |
| − OpEx | −$27.2k | −$6.29 |
| NOI | $63.4k | $14.69 |
4,314 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$905.0K
$791.9K – $1.06M
NOI $63,352 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$830.8K
$726.9K – $969.3K
NOI $58,155 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,794 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
844
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 - Turnkey three-family with three-bedroom, one-bath units, enclosed porches, and laundry hookups.
Where is this triplex located?
The property is located at 17 North Woodford Street Worcester, MA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Turnkey 3‑family with three 3‑bedroom, 1‑bath units featuring kitchen, living room, and dining room layouts; Enclosed porches and in‑unit‑style laundry hookups (washer & dryer hookup, electric dryer hookup) for each unit; Interior updates include tile/varies/hardwood flooring, pantry and storage, smart thermostat, and upgraded cabinets/countertops in the 2nd floor unit(s)
