Turnkey 3-Family
2 Haviland St Worcester, MA 01602
2 Haviland St, Worcester, MA, 01602
$979,000
For Sale
$979,000
Turnkey three-unit building with off-street parking and separate utilities, including two 4-bedroom units and one 2-bedroom unit.
Property Size3,406 SF
Price / SF$287.43
Days on Market42
Property Features for 2 Haviland St
General Information
- Standard status
- Active
- Size
- 3,406 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
Douglas Elliman Real Estate - Park Plaza
(617) 800-9008
Listed by
Brody Murphy Novak Group
(617) 800-9008
Source
Lockandkeyre
Added: Jun 10 Updated: Jul 21 at 2:17AM Checked: Jul 21 at 3:19AM
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 Douglas Elliman Real Estate - Park Plaza
Investment Insights
Based on property information with market context.
This turnkey 3-family property includes two spacious 4-bedroom units and one 2-bedroom unit. Separate utilities are in place to help manage owner expenses. Unit 3 was fully renovated in 2020, and the building is described as well maintained.
Unit 2 is leased through June 2027 at $3,000 per month, and Unit 3 is leased through June 2027 at $2,000 per month. Unit 1 is currently vacant, providing flexibility for an owner-occupant or additional rental income.
The property includes off-street parking and is positioned for convenient access to WPI, Worcester State, Assumption, Downtown Worcester, and nearby restaurants and shops.
Unit 2 is leased through June 2027 at $3,000 per month, and Unit 3 is leased through June 2027 at $2,000 per month. Unit 1 is currently vacant, providing flexibility for an owner-occupant or additional rental income.
The property includes off-street parking and is positioned for convenient access to WPI, Worcester State, Assumption, Downtown Worcester, and nearby restaurants and shops.
Key Highlights
- 1890‑built 3‑family with two 4‑bedroom units and one 2‑bedroom unit.
- Unit 2 leased through June 2027 for $3,000/month.
- Unit 3 leased through June 2027 for $2,000/month; Unit 3 fully renovated in 2020.
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 | $75.6k | $22.20 |
| − Vacancy | −$4.2k | −$1.22 |
| EGI | $71.5k | $20.98 |
| − OpEx | −$21.4k | −$6.29 |
| NOI | $50.0k | $14.69 |
3,406 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$714.5K
$625.2K – $833.6K
NOI $50,018 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$655.9K
$573.9K – $765.3K
NOI $45,915 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.14M
$994.7K – $1.33M
NOI $79,579 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Budzinski Plumbing & Heating ...
Plumbing Service
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FAQs
What type of property is this?
Triplex - Turnkey three-unit building with off-street parking and separate utilities, including two 4-bedroom units and one 2-bedroom unit.
Where is this triplex located?
The property is located at 2 Haviland St Worcester, MA.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: 1890‑built 3‑family with two 4‑bedroom units and one 2‑bedroom unit.; Unit 2 leased through June 2027 for $3,000/month.; Unit 3 leased through June 2027 for $2,000/month; Unit 3 fully renovated in 2020.
