Well-Maintained 3-Deck
25 Canton Street Worcester, MA 01610
25 Canton Street, Worcester, MA, 01610
$707,700
For Sale
$707,700
Three-decker multifamily with two updated units and a first-floor unit still unrenovated.
Property Size4,506 SF
Price / SF$157.06
Days on Market71
Property Features for 25 Canton Street
General Information
- Standard status
- Active
- Size
- 4,506 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Property Investors & Advisors, LLC
(774) 413-0272
Listed by
Pamela Andrade · License #9587609
(774) 413-0272
Source
Compass
Added: May 14 Updated: Jul 21 at 6:15AM Checked: Jul 22 at 8:57AM
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 Property Investors & Advisors, LLC
Investment Insights
Based on property information with market context.
This well-cared-for three-decker triplex offers a total of three residential units, with the 2nd and 3rd floor units described as nicely updated with fresh renovations. The 1st floor unit has been occupied by a long-term tenant for over 15 years and is listed as unrenovated, presenting an opportunity for the next owner to tailor future updates.
The property is described as conveniently located near local restaurants, shopping, and major routes, providing practical access to daily needs and surrounding amenities in Worcester.
As a residential income property with a mix of updated and unrenovated unit conditions, it may appeal to buyers seeking rental income while planning phased improvements on the remaining unit.
The property is described as conveniently located near local restaurants, shopping, and major routes, providing practical access to daily needs and surrounding amenities in Worcester.
As a residential income property with a mix of updated and unrenovated unit conditions, it may appeal to buyers seeking rental income while planning phased improvements on the remaining unit.
Key Highlights
- 3‑decker multifamily in Worcester, MA with 2nd and 3rd floor units updated with fresh renovations
- 1st floor unit has a long‑term tenant of 15+ years and remains unrenovated
- Full unfinished basement
Local Financial Insights For Apartment 5plus
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 | $116.3k | $25.80 |
| − Vacancy | −$5.8k | −$1.29 |
| EGI | $110.4k | $24.51 |
| − OpEx | −$49.7k | −$11.03 |
| NOI | $60.7k | $13.48 |
4,506 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$945.3K
$827.2K – $1.10M
NOI $66,172 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$867.8K
$759.3K – $1.01M
NOI $60,743 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,280 @ 7.0% cap · market cap 14.88%
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-decker multifamily with two updated units and a first-floor unit still unrenovated.
Where is this triplex located?
The property is located at 25 Canton Street Worcester, MA.
What is the asking price?
The asking price for this property is $707,700.
What are key features of this property?
This property features: 3‑decker multifamily in Worcester, MA with 2nd and 3rd floor units updated with fresh renovations; 1st floor unit has a long‑term tenant of 15+ years and remains unrenovated; Full unfinished basement
