3-Unit Multifamily
For Sale
$799,900
31 Suffield Street, Worcester, MA 01610
The vacant first-floor unit can accommodate an owner occupant or a new tenant.
Property Size3,669 SF
Lot Size0.10 Acres
Price / SF$218.02
Days on Market15
Property Features for 31 Suffield Street
General Information
Standard status
Active
Size
3,669 SF
Lot size
0.10 Acres
Property subtype
Multi-family
Building Details
Year Built
1890
Buildings
1
Stories
3
Listing Agency:
Property Investors & Advisors,LLC
Listed By:
Carmen De La Cruz
(774) 413-0272
Source:
Hammondre
Added: Oct 1
Changed: Oct 13
Last Checked: Oct 14 at 11:36PM
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 Property Investors & Advisors,LLC
Investment Insights
Based on property information with market context.
This three-story triplex in Worcester contains 3,669 square feet, with nine bedrooms and three full bathrooms. Built in 1890, the property has undergone recent renovations and occupies a 4,456-square-foot lot.
The first-floor unit is vacant, providing the option to occupy that space or lease it to a tenant.
The first-floor unit is vacant, providing the option to occupy that space or lease it to a tenant.
Key Highlights
- Three‑unit property with nine bedrooms and three full bathrooms
- 3,669 square feet across three stories
- Vacant first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,880
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,600
$1.1M
Cap Rate 7%
$769,714
$769.7K
Cap Rate 9%
$598,667
$598.7K
Market Conditions
NOI Build-Up for 3,669 SF
Gross rent
$81.5K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.0K $20.98/SF
− OpEx
−$23.1K −$6.29/SF
NOI
$53.9K $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%
$1,077,600
Cap Rate 7%
$769,714
Cap Rate 9%
$598,667
Alternative Uses
Best Use
Multifamily LT 5
$769.7K
$673.5K – $898.0K
NOI $53,880 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$706.6K
$618.3K – $824.3K
NOI $49,460 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,724 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The vacant first-floor unit can accommodate an owner occupant or a new tenant.
Where is this triplex located?
The property is located at 31 Suffield Street 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‑unit property with nine bedrooms and three full bathrooms; 3,669 square feet across three stories; Vacant first‑floor unit
