Two-Story Multifamily
For Sale
$520,000
17 Ward Street, Worcester, MA 01610
Residential income property with multiple bedrooms and full bathrooms across two levels.
Property Size2,112 SF
Price / SF$246.21
Days on Market67
Property Features for 17 Ward Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1920
Stories
2
Listing Agency:
eXp Realty LLC
Listed By:
Candor Investment Group
(978) 710-5616
Source:
Foster-healey
Added: Aug 17
Changed: Oct 21
Last Checked: Oct 21 at 12:12AM
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
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Investment Insights
Based on property information with market context.
This multifamily property at 17 Ward St in Worcester, MA, includes 2,112 square feet of living space arranged over two stories. Built in 1920, the residence contains five bedrooms and three full bathrooms, providing a defined residential layout for income-producing use.
The property is located in Worcester, Massachusetts, and is identified as a multifamily property within the residential income category. Its combination of bedroom count, bathroom count, and two-story configuration provides the core physical characteristics of the asset.
The property is located in Worcester, Massachusetts, and is identified as a multifamily property within the residential income category. Its combination of bedroom count, bathroom count, and two-story configuration provides the core physical characteristics of the asset.
Key Highlights
- 2,112 square feet of living space
- Five‑bedroom multifamily residence
- Three full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,471
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,420
$569.4K
Cap Rate 7%
$406,729
$406.7K
Cap Rate 9%
$316,344
$316.3K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$54.5K $25.80/SF
− Vacancy
−$2.7K −$1.29/SF
EGI
$51.8K $24.51/SF
− OpEx
−$23.3K −$11.03/SF
NOI
$28.5K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,420
Cap Rate 7%
$406,729
Cap Rate 9%
$316,344
Alternative Uses
Best Use
Apartment 5plus
$406.7K
$355.9K – $474.5K
NOI $28,471 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.9K
$616.8K – $822.4K
NOI $49,346 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property with multiple bedrooms and full bathrooms across two levels.
Where is this multifamily property located?
The property is located at 17 Ward Street Worcester, MA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 2,112 square feet of living space; Five‑bedroom multifamily residence; Three full bathrooms
