Renovated 3-Unit
2 Dayton Pl, Worcester, MA 01609
For Sale
New
$748,700
All three apartments are vacant, with coin-operated laundry serving the building.
Property Size4,129 SF
Days on Market4
Property Features for 2 Dayton Pl
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
fireplace
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Park Place Realty Enterprises
Listed By:
Karynsue Marchione-Reilly · License MA #9511275
(508) 410-8464
Source:
Elliman
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 8:50AM
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 Park Place Realty Enterprises
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Investment Insights
Based on property information with market context.
Built in 1900, this triplex contains three apartments and is offered vacant. Renovations include hardwood flooring, fresh interior paint, updated kitchens and bathrooms, new windows, vinyl siding and a replacement roof. The property also has a high-efficiency gas heating system, new water heaters and a dedicated laundry room with coin-operated machines. The third-floor apartment is configured as a penthouse suite with a brick fireplace in the kitchen.
The property is on Sever Street, two blocks from WPI and Clark University. Nearby points of interest include Elm Park, a WRTA bus service, a train station, MCPHS Pharmacy School, the courthouse and shopping and dining along Highland Street.
The property is on Sever Street, two blocks from WPI and Clark University. Nearby points of interest include Elm Park, a WRTA bus service, a train station, MCPHS Pharmacy School, the courthouse and shopping and dining along Highland Street.
Key Highlights
- Three apartments delivered vacant
- Renovated interiors feature hardwood floors, updated kitchens and baths, and fresh paint
- Coin‑operated laundry is available to all three floors in a separate room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,636
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,720
$1.2M
Cap Rate 7%
$866,229
$866.2K
Cap Rate 9%
$673,733
$673.7K
Market Conditions
NOI Build-Up for 4,129 SF
Gross rent
$91.7K $22.20/SF
− Vacancy
−$5.0K −$1.22/SF
EGI
$86.6K $20.98/SF
− OpEx
−$26.0K −$6.29/SF
NOI
$60.6K $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%
$1,212,720
Cap Rate 7%
$866,229
Cap Rate 9%
$673,733
Alternative Uses
Best Use
Multifamily LT 5
$866.2K
$758.0K – $1.01M
NOI $60,636 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$795.2K
$695.8K – $927.7K
NOI $55,661 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,472 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,358
Businesses Nearby
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Business Placement
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are vacant, with coin-operated laundry serving the building.
Where is this triplex located?
The property is located at 2 Dayton Pl Worcester, MA.
What is the asking price?
The asking price for this property is $748,700.
What are key features of this property?
This property features: Three apartments delivered vacant; Renovated interiors feature hardwood floors, updated kitchens and baths, and fresh paint; Coin‑operated laundry is available to all three floors in a separate room
