Triplex with
New
For Sale
$799,900
28 Crystal St, Worcester, MA 01603
Each residence has three bedrooms and one bathroom, and the property includes a three-car garage.
Property Size4,482 SF
Days on Market4
Property Features for 28 Crystal St
General Information
Standard status
Active
Size
4,482 SF
Total Parking Spaces
3
Property subtype
3 Family
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,130
Building Details
Building Size
4,482 SF
Year Built
1923
Listing Agency:
Lamacchia Realty, Inc.
Listed By:
We Close Deals Team
(508) 612-0821
Source:
Donnellyandco
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:36PM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 1923, this three-unit residential property contains 4,482 square feet. Each unit has three bedrooms, one bathroom, approximately 1,500 square feet of living space, hardwood floors, and built-in features. The property also includes a three-car garage. Units 1 and 3 are vacant; Unit 2 is expected to be vacant by the end of the year. Major building components have been replaced within the last 10 years.
The property is directly across from University Park in Worcester, Massachusetts.
The property is directly across from University Park in Worcester, Massachusetts.
Key Highlights
- Three residential units, each with 3 bedrooms and 1 bathroom
- Approximately 1,500 square feet of living space in each unit
- 4,482 square feet; built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,820
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,400
$1.3M
Cap Rate 7%
$940,286
$940.3K
Cap Rate 9%
$731,333
$731.3K
Market Conditions
NOI Build-Up for 4,482 SF
Gross rent
$99.5K $22.20/SF
− Vacancy
−$5.5K −$1.22/SF
EGI
$94.0K $20.98/SF
− OpEx
−$28.2K −$6.29/SF
NOI
$65.8K $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%
$1,316,400
Cap Rate 7%
$940,286
Cap Rate 9%
$731,333
Alternative Uses
Best Use
Multifamily LT 5
$940.3K
$822.8K – $1.10M
NOI $65,820 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,720 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,267
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has three bedrooms and one bathroom, and the property includes a three-car garage.
Where is this triplex located?
The property is located at 28 Crystal St Worcester, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three residential units, each with 3 bedrooms and 1 bathroom; Approximately 1,500 square feet of living space in each unit; 4,482 square feet; built in 1923
