Worcester Three-Family Investment
For Sale
$699,000
Pending
26 Orne St, Worcester, MA 01605
Spacious three-family property in Worcester, ideal for investors.
Property Size3,165 SF
Lot Size0.25 Acres
Days on Market266
Property Features for 26 Orne St
General Information
Standard status
Pending
Size
3,165 SF
Lot size
0.25 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,343
Building Details
Building Size
3,165 SF
Year Built
1915
Stories
3
Units
3
Listing Agency:
RE/MAX Diverse
(774) 242-8832
Listed By:
Hejoma M. Garcia · License #9565914
(774) 242-8832
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 20 at 9:10AM
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 RE/MAX Diverse
Investment Insights
Based on property information with market context.
This three-family property in Worcester presents an investment opportunity suitable for both owner-occupants and investors. Each unit features spacious living areas, offering comfort and versatility for families or tenants. The property includes separate utilities for each unit. Situated near parks and hospitals, the location provides convenient access to essential amenities and commuter-friendly connections to public transportation and major routes. Recent updates include a new roof, newer windows, and new furnaces and hot water tanks. The property is situated on a 10,917 square foot lot used for off-street parking. There is a possibility to subdivide; confirmation should be obtained from the building department.
Key Highlights
- New roof, newer windows, new furnaces and hot water tanks.
- Three spacious units suitable for owner‑occupants or investors.
- Separate utilities for each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,479
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$929,580
$929.6K
Cap Rate 7%
$663,986
$664.0K
Cap Rate 9%
$516,433
$516.4K
Market Conditions
NOI Build-Up for 3,165 SF
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.
Gross rent
$70.3K $22.20/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$66.4K $20.98/SF
− OpEx
−$19.9K −$6.29/SF
NOI
$46.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$929,580
Cap Rate 7%
$663,986
Cap Rate 9%
$516,433
Alternative Uses
Best Use
Multifamily LT 5
$664.0K
$581.0K – $774.7K
NOI $46,479 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$609.5K
$533.3K – $711.1K
NOI $42,666 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.06M
$924.4K – $1.23M
NOI $73,949 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Spacious three-family property in Worcester, ideal for investors.
Where is this triplex located?
The property is located at 26 Orne St Worcester, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: New roof, newer windows, new furnaces and hot water tanks.; Three spacious units suitable for owner‑occupants or investors.; Separate utilities for each unit.
