Three-Unit Triplex with
27 Cambridge, Worcester, MA 01603
For Sale
New
$499,000
Laundry connections and a bathroom are provided on each level.
Property Size2,845 SF
Price / SF$175.40
Days on Market4
Property Features for 27 Cambridge
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Dino's Realty Team
Listed By:
Malvina Dino Newell
(978) 342-7891
Source:
Merryfoxrealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:48AM
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 Dino's Realty Team
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Investment Insights
Based on property information with market context.
This 2,845-square-foot triplex was built in 1890 and is fully rented. Each of its three floors has five rooms, two to three bedrooms, a pantry, a bathroom, and laundry hookups. The property has updated electrical service with a house meter, replaced water lines using copper and PEX, and three recently installed gas water heaters. Heating includes central heat on the first floor, with gas heaters and some electric baseboards serving the upper floors.
A driveway accommodates parking for three cars. The property is in the Webster Square area of Worcester and is being conveyed in as-is condition.
A driveway accommodates parking for three cars. The property is in the Webster Square area of Worcester and is being conveyed in as-is condition.
Key Highlights
- 2,845‑square‑foot, three‑family property built in 1890
- Each floor has 5 rooms, 2/3 bedrooms, a pantry, a bathroom, and laundry hookups
- Driveway parking for 3 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,780
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,600
$835.6K
Cap Rate 7%
$596,857
$596.9K
Cap Rate 9%
$464,222
$464.2K
Market Conditions
NOI Build-Up for 2,845 SF
Gross rent
$63.2K $22.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$59.7K $20.98/SF
− OpEx
−$17.9K −$6.29/SF
NOI
$41.8K $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%
$835,600
Cap Rate 7%
$596,857
Cap Rate 9%
$464,222
Alternative Uses
Best Use
Multifamily LT 5
$596.9K
$522.3K – $696.3K
NOI $41,780 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$547.9K
$479.4K – $639.2K
NOI $38,352 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$949.6K
$830.9K – $1.11M
NOI $66,472 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Laundry connections and a bathroom are provided on each level.
Where is this triplex located?
The property is located at 27 Cambridge Worcester, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,845‑square‑foot, three‑family property built in 1890; Each floor has 5 rooms, 2/3 bedrooms, a pantry, a bathroom, and laundry hookups; Driveway parking for 3 cars
