Updated Triplex with
27 Rodney St, Worcester, MA 01605
For Sale
$675,000
Residential Income, Worcester, MA
Property Size3,111 SF
Lot Size0.14 Acres
Price / SF$216.97
Days on Market57
Property Features for 27 Rodney St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
in-unit laundry
front porches
rear porches
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
RE/MAX Vision · RE/MAX International
Listed By:
Jeff Burk · License MA #9035530
(508) 595-9900
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 13 at 11:06PM
MLS# 73579704
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,111-square-foot triplex, built in 1893, contains three three-bedroom apartments. Each unit includes a large eat-in kitchen with a galley prep area, a substantial living room, high ceilings, newer flooring, updated kitchen finishes, and in-unit laundry. Front and rear porches extend the usable space, with the rear opening toward a private backyard. Heat and electric are separately metered, and the property is zoned RG-5.
The building is at 27 Rodney St in Worcester's Bell Hill neighborhood, near UMass Memorial Medical Center. Route 9 is nearby, with access to I-290, I-190, Route 146, the Mass Pike, and public transit. The 0.1368-acre property combines a three-unit layout with outdoor areas and city-facing views.
The building is at 27 Rodney St in Worcester's Bell Hill neighborhood, near UMass Memorial Medical Center. Route 9 is nearby, with access to I-290, I-190, Route 146, the Mass Pike, and public transit. The 0.1368-acre property combines a three-unit layout with outdoor areas and city-facing views.
Key Highlights
- Three 3‑bedroom apartments in a 3,111‑square‑foot triplex
- Built in 1893; zoned RG‑5
- Updated kitchens, newer floors, high ceilings, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,686
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,720
$913.7K
Cap Rate 7%
$652,657
$652.7K
Cap Rate 9%
$507,622
$507.6K
Market Conditions
NOI Build-Up for 3,111 SF
Gross rent
$69.1K $22.20/SF
− Vacancy
−$3.8K −$1.22/SF
EGI
$65.3K $20.98/SF
− OpEx
−$19.6K −$6.29/SF
NOI
$45.7K $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%
$913,720
Cap Rate 7%
$652,657
Cap Rate 9%
$507,622
Alternative Uses
Best Use
Multifamily LT 5
$652.7K
$571.1K – $761.4K
NOI $45,686 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$599.1K
$524.2K – $699.0K
NOI $41,938 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.04M
$908.6K – $1.21M
NOI $72,687 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,842
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
$349,800
Median Home Value
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Market
Average Price Trend$/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 - Three spacious apartments offer eat-in kitchens, in-unit laundry, separate utilities, and access to shared outdoor areas.
Where is this triplex located?
The property is located at 27 Rodney St Worcester, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three 3‑bedroom apartments in a 3,111‑square‑foot triplex; Built in 1893; zoned RG‑5; Updated kitchens, newer floors, high ceilings, and in‑unit laundry
