Three-Unit Multifamily
19-21 Henchman Street Worcester, MA 01605
19-21 Henchman Street, Worcester, MA, 01605
$820,000
For Sale
$820,000
Three bright units feature spacious living rooms, eat-in kitchens, and three bedrooms each, with enclosed common backyard.
Property Size4,015 SF
Price / SF$204.23
Days on Market48
Property Features for 19-21 Henchman Street
General Information
- Standard status
- Active
- Size
- 4,015 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1905
Listing agency
Compass
(508) 277-9881
Listed by
Dee Kerner · License #9512504
(508) 277-9881
Source
Compass
Added: Jun 5 Updated: Jul 21 at 1:05PM Checked: Jul 21 at 1:05PM
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 Compass
Investment Insights
Based on property information with market context.
This three-unit multifamily residence offers bright, freshly painted interiors and hardwood floors throughout. Each unit includes a spacious living room, an eat-in kitchen, three bedrooms, and a fully updated bathroom, creating a consistent layout across all apartments.
The property is located in Worcester with convenient access to major routes and area employment and education. It is about 1 mile to the commuter rail/Union Station and minutes to UMass, local hospitals, and top universities, with nearby access to the Mass Pike, I-290, and I-190.
A common enclosed backyard provides shared outdoor space for residents.
The property is located in Worcester with convenient access to major routes and area employment and education. It is about 1 mile to the commuter rail/Union Station and minutes to UMass, local hospitals, and top universities, with nearby access to the Mass Pike, I-290, and I-190.
A common enclosed backyard provides shared outdoor space for residents.
Key Highlights
- Three‑unit multifamily at 19 Henchman Street, Worcester, MA
- Each unit includes a spacious living room, eat‑in kitchen, and 3 bedrooms
- 3 full baths total; fully updated bathroom in each unit
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 | $89.1k | $22.20 |
| − Vacancy | −$4.9k | −$1.22 |
| EGI | $84.2k | $20.98 |
| − OpEx | −$25.3k | −$6.29 |
| NOI | $59.0k | $14.69 |
4,015 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$842.3K
$737.0K – $982.7K
NOI $58,961 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$773.2K
$676.6K – $902.1K
NOI $54,124 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,808 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three bright units feature spacious living rooms, eat-in kitchens, and three bedrooms each, with enclosed common backyard.
Where is this triplex located?
The property is located at 19-21 Henchman Street Worcester, MA.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Three‑unit multifamily at 19 Henchman Street, Worcester, MA; Each unit includes a spacious living room, eat‑in kitchen, and 3 bedrooms; 3 full baths total; fully updated bathroom in each unit
