Three-Unit Multifamily
For Sale
$759,900
17 Winthrop Street, Worcester, MA 01604
Well-maintained triplex with separately metered utilities, off-street parking, and established tenant occupancy.
Property Size3,168 SF
Lot Size0.12 Acres
Price / SF$239.87
Days on Market71
Property Features for 17 Winthrop Street
General Information
Standard status
Active
Size
3,168 SF
Lot size
0.12 Acres
Property subtype
Multi-family
Zoning
RG-5
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Building Details
Year Built
1909
Tenancy
Multi
Listing Agency:
Cristiano Jarbas,Inc.
Listed By:
Cristiano Jarbas
(617) 680-0690
Source:
Inrealtyinc
Added: Jul 27
Changed: Oct 4
Last Checked: Oct 4 at 10:08AM
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 Cristiano Jarbas,Inc.
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains approximately 3,168 square feet of living area on an approximately 5,066-square-foot lot. Each residence includes three bedrooms, a living room, and dining space. Separate electric meters, heating systems, and water heaters serve the units, while laundry is available in Units 1 and 2. Off-street parking is provided.
The property has updated electrical and plumbing systems, plus hardwired smoke and carbon monoxide detectors. Common areas and Unit 2 have been tested and deleaded. Zoned RG-5 and connected to city water and sewer, the property is near shopping, schools, major routes, and highway access. All three units are occupied under Tenant-at-Will arrangements, and the sale is subject to the existing tenancies and offered as-is.
The property has updated electrical and plumbing systems, plus hardwired smoke and carbon monoxide detectors. Common areas and Unit 2 have been tested and deleaded. Zoned RG-5 and connected to city water and sewer, the property is near shopping, schools, major routes, and highway access. All three units are occupied under Tenant-at-Will arrangements, and the sale is subject to the existing tenancies and offered as-is.
Key Highlights
- Three‑unit property with 3 bedrooms in each unit
- Approximately 3,168 sq ft of living area on an approximately 5,066 sq ft lot
- Separate electric meters, heating systems, and water heaters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,523
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,460
$930.5K
Cap Rate 7%
$664,614
$664.6K
Cap Rate 9%
$516,922
$516.9K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$70.3K $22.20/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$66.5K $20.98/SF
− OpEx
−$19.9K −$6.29/SF
NOI
$46.5K $14.69/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,460
Cap Rate 7%
$664,614
Cap Rate 9%
$516,922
Alternative Uses
Best Use
Multifamily LT 5
$664.6K
$581.5K – $775.4K
NOI $46,523 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$610.1K
$533.8K – $711.8K
NOI $42,706 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.06M
$925.2K – $1.23M
NOI $74,019 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,322
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with separately metered utilities, off-street parking, and established tenant occupancy.
Where is this triplex located?
The property is located at 17 Winthrop Street Worcester, MA.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Three‑unit property with 3 bedrooms in each unit; Approximately 3,168 sq ft of living area on an approximately 5,066 sq ft lot; Separate electric meters, heating systems, and water heaters for each unit
