Three-Story Multifamily
23 Wyman Street Worcester, MA 01610
23 Wyman Street, Worcester, MA, 01610
$879,000
For Sale
$879,000
Built in 1900, the three-story property offers twelve bedrooms and six full bathrooms across its multifamily layout.
Property Size4,191 SF
Lot Size0.15 Acres
Price / SF$209.74
Days on Market60
Property Features for 23 Wyman Street
General Information
- Standard status
- Active
- Size
- 4,191 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Charlton Realty
(508) 425-7233
Listed by
Sarah Vo · License #9520165
(508) 425-7233
Source
Compass
Added: May 25 Updated: Jul 22 at 9:53AM Checked: Jul 22 at 9:53AM
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 Charlton Realty
Investment Insights
Based on property information with market context.
This built-in-1900 triplex-style multifamily property provides a total of twelve bedrooms and six full bathrooms across three stories. With 4,191 square feet of living space, the layout is designed to support multiple households with dedicated bathroom convenience.
Set on a 6,446 square foot lot, the property includes outdoor space that can complement the extensive interior footprint.
Offered for sale, this Worcester multifamily asset combines historical character with a substantial unit configuration for prospective owners seeking versatility in a residential income property.
Set on a 6,446 square foot lot, the property includes outdoor space that can complement the extensive interior footprint.
Offered for sale, this Worcester multifamily asset combines historical character with a substantial unit configuration for prospective owners seeking versatility in a residential income property.
Key Highlights
- Built in 1900: 3‑story multifamily with 4,191 SF
- Twelve bedrooms and six full bathrooms total
- Hardwood flooring throughout, plus kitchen, laundry room, and living room/dining room combo
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 | $93.0k | $22.20 |
| − Vacancy | −$5.1k | −$1.22 |
| EGI | $87.9k | $20.98 |
| − OpEx | −$26.4k | −$6.29 |
| NOI | $61.5k | $14.69 |
4,191 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$879.2K
$769.3K – $1.03M
NOI $61,546 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$807.1K
$706.2K – $941.6K
NOI $56,497 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,921 @ 7.0% cap · market cap 11.14%
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 - Built in 1900, the three-story property offers twelve bedrooms and six full bathrooms across its multifamily layout.
Where is this triplex located?
The property is located at 23 Wyman Street Worcester, MA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Built in 1900: 3‑story multifamily with 4,191 SF; Twelve bedrooms and six full bathrooms total; Hardwood flooring throughout, plus kitchen, laundry room, and living room/dining room combo
