Three-Unit Residential Income
26 Sterling Street Worcester, MA 01610
26 Sterling Street, Worcester, MA, 01610
$865,000
For Sale
$865,000
Well-maintained three-family building with three 3-bedroom, 1-bath units, including a vacant unit for immediate occupancy.
Property Size3,936 SF
Price / SF$219.77
Days on Market53
Property Features for 26 Sterling Street
General Information
- Standard status
- Active
- Size
- 3,936 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
BA Property & Lifestyle Advisors
Listed by
Michael Barbera
(774) 280-2745
Source
Broadboutique
Added: Jun 1 Updated: Jul 22 at 3:22AM Checked: Jul 22 at 3:22AM
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 BA Property & Lifestyle Advisors
Investment Insights
Based on property information with market context.
This well-maintained three-family property offers three spacious 3-bedroom, 1-bath units. The building is configured to provide residential income with two units currently leased and a vacant third-floor unit that can support immediate occupancy or new tenancy. Recent updates include renovated kitchens and baths, replacement windows, updated electrical and plumbing systems, and a newer roof.
The property is situated on a large lot with approximately six off-street parking spaces and a generous rear yard. Tenants pay their own heat, hot water, gas, and electric, which can help reduce owner expenses.
Each unit offers a flexible layout, and the floor plans may support future bedroom configuration changes, subject to buyer due diligence. The location provides convenient access to major routes, public transportation, schools, hospitals, and downtown Worcester amenities.
The property is situated on a large lot with approximately six off-street parking spaces and a generous rear yard. Tenants pay their own heat, hot water, gas, and electric, which can help reduce owner expenses.
Each unit offers a flexible layout, and the floor plans may support future bedroom configuration changes, subject to buyer due diligence. The location provides convenient access to major routes, public transportation, schools, hospitals, and downtown Worcester amenities.
Key Highlights
- Three‑family property built in 1920 with three 3‑bedroom, 1‑bath units
- Approximately 3,936 SF of living area across the three units
- Two units are leased; the third‑floor unit is vacant and available for immediate occupancy or rental
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 | $87.4k | $22.20 |
| − Vacancy | −$4.8k | −$1.22 |
| EGI | $82.6k | $20.98 |
| − OpEx | −$24.8k | −$6.29 |
| NOI | $57.8k | $14.69 |
3,936 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$825.7K
$722.5K – $963.4K
NOI $57,801 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$758.0K
$663.2K – $884.3K
NOI $53,059 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,963 @ 7.0% cap · market cap 10.63%
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 - Well-maintained three-family building with three 3-bedroom, 1-bath units, including a vacant unit for immediate occupancy.
Where is this triplex located?
The property is located at 26 Sterling Street Worcester, MA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Three‑family property built in 1920 with three 3‑bedroom, 1‑bath units; Approximately 3,936 SF of living area across the three units; Two units are leased; the third‑floor unit is vacant and available for immediate occupancy or rental
