Three-Family Residential
For Sale
$749,000
212 Vernon St, Worcester, MA 01607
Separate utilities, coin-operated laundry, and a finished basement complement the three-apartment layout.
Property Size4,048 SF
Price / SF$185.03
Days on Market9
Property Features for 212 Vernon St
General Information
Standard status
Active
Size
4,048 SF
Property subtype
3 Family - 3 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Building Details
Building Size
4,048 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
PRIVI Realty LLC
(508) 468-4329
Listed By:
Thuy Anh Truong
(617) 800-6709
Source:
Iverty
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 14 at 11:46PM
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 PRIVI Realty LLC
Investment Insights
Based on property information with market context.
This three-family property contains three 3-bedroom apartments, with tenants and leases extending through April 2027. The finished basement adds a living area and two bonus rooms. Separate utilities and coin-operated laundry are additional property features; the laundry also produces supplemental income.
The building was constructed in 1900 and contains 4,048 square feet. Public transportation, shopping, restaurants, schools, and major highways are identified among the nearby amenities.
The building was constructed in 1900 and contains 4,048 square feet. Public transportation, shopping, restaurants, schools, and major highways are identified among the nearby amenities.
Key Highlights
- Three 3‑bedroom apartments with leases in place through April 2027
- 4,048 square feet; built in 1900
- Finished basement with a living area and two bonus rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,446
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,920
$1.2M
Cap Rate 7%
$849,229
$849.2K
Cap Rate 9%
$660,511
$660.5K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$89.9K $22.20/SF
− Vacancy
−$4.9K −$1.22/SF
EGI
$84.9K $20.98/SF
− OpEx
−$25.5K −$6.29/SF
NOI
$59.4K $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%
$1,188,920
Cap Rate 7%
$849,229
Cap Rate 9%
$660,511
Alternative Uses
Best Use
Multifamily LT 5
$849.2K
$743.1K – $990.8K
NOI $59,446 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$779.6K
$682.1K – $909.5K
NOI $54,569 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,579 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 01607, MA
9,378
Population
4,172
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
3,126
Density / Sq Mi
$66,365
Median Household Income
$46,300
Median Earnings
$1,356
Median Rent
$341,300
Median Home Value
Check the figures for this property
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 - Separate utilities, coin-operated laundry, and a finished basement complement the three-apartment layout.
Where is this triplex located?
The property is located at 212 Vernon St Worcester, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three 3‑bedroom apartments with leases in place through April 2027; 4,048 square feet; built in 1900; Finished basement with a living area and two bonus rooms
