Turn-Key Multifamily
175 West Boylston Drive Worcester, MA 01606
For Sale
$649,900
Pending
For sale turn-key multifamily asset positioned for either owner occupancy or investment.
Property Size2,430 SF
Days on Market28
Property Features for 175 West Boylston Drive
General Information
- Standard status
- Pending
- Size
- 2,430 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1880
Listing Agency:
MyPlace Realty
(978) 654-1177
Listed By:
Dennis Doung
(978) 654-1177
Source:
Lockandkeyre
Added: Jun 26
Changed: Jul 21
Last Checked: Jul 22 at 5:07AM
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 MyPlace Realty
Investment Insights
Based on property information with market context.
Offered for sale is a turn-key multifamily property suitable for either owner occupancy or investment. The asset is presented as ready to deploy, with the seller highlighting its “turn key” condition.
Located at 175 West Boylston Drive in Worcester, Massachusetts (01606), the property is offered as a residential income-oriented multifamily option.
This offering is categorized as other multifamily/residential income property. Interested parties should confirm all details and operating information during due diligence.
Located at 175 West Boylston Drive in Worcester, Massachusetts (01606), the property is offered as a residential income-oriented multifamily option.
This offering is categorized as other multifamily/residential income property. Interested parties should confirm all details and operating information during due diligence.
Key Highlights
- Turn‑key multifamily asset for owner occupancy or investment
- Built in 1880
Financial Insights For Apartment 5plus
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 | $62.7k | $25.80 |
| − Vacancy | −$3.1k | −$1.29 |
| EGI | $59.6k | $24.51 |
| − OpEx | −$26.8k | −$11.03 |
| NOI | $32.8k | $13.48 |
2,430 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$468.0K
$409.5K – $546.0K
NOI $32,758 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.1K
$709.7K – $946.3K
NOI $56,776 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - For sale turn-key multifamily asset positioned for either owner occupancy or investment.
Where is this multifamily property located?
The property is located at 175 West Boylston Drive Worcester, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Turn‑key multifamily asset for owner occupancy or investment; Built in 1880
