31 North St, Worcester, MA 01605
Three buildings with nine units, renovated in 2023.
- Added:
- Mar 16, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 19 at 11:01 pm
Property Features for 31 North St
General Information
- Standard status
- Active
- Size
- 6,852 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing office Worcester Multi (508) 868-0927
Listing date Mar 16, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Worcester Multi
HighLights
- Nine units across three buildings offer substantial rental income potential.
- Recent 2023 renovations include new flooring, paint, kitchens, bathrooms, and appliances.
- Each unit is currently rented for $1850 per month.
- Ample parking is available on a flat lot.
- The property consists of three separately deeded buildings.
- The buildings are located on adjacent lots.
Overview
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 | $152.1k | $22.20 |
| − Vacancy | −$8.4k | −$1.22 |
| EGI | $143.7k | $20.98 |
| − OpEx | −$43.1k | −$6.29 |
| NOI | $100.6k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8036331
- Latitude
- 42.2820078
