Triplex with Finished
For Sale
$975,000
32 Catharine Street, Worcester, MA 01605
Three apartments provide generous room layouts, in-unit laundry, and updated heating equipment.
Property Size5,503 SF
Price / SF$177.18
Days on Market17
Property Features for 32 Catharine Street
General Information
Standard status
Active
Size
5,503 SF
Total Parking Spaces
6
Property subtype
Multi-family
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
in-unit laundry
finished basement
paved driveway
enclosed side yard
high ceilings
oversized windows
Building Details
Year Built
1937
Buildings
1
Listing Agency:
EZ Realty Brokerage,LLC
Listed By:
Venetia Belleton
(508) 287-2695
Source:
Demakis
Added: Sep 19
Changed: Oct 4
Last Checked: Oct 4 at 10:25AM
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 EZ Realty Brokerage,LLC
Investment Insights
Based on property information with market context.
Built in 1937, this triplex contains three apartments, each with three bedrooms, living and dining rooms, a bonus room, and an eat-in kitchen with a galley prep area. The property has 4,620 square feet of living area, plus an 886-square-foot finished basement with a full bath. Units 2 and 3 received improvements in 2026, including hardwood flooring, paint, appliances, and tile bathrooms. All three apartments have in-unit laundry and new gas heating units.
The corner-lot property is near I-290, I-190, and the Mass Pike, as well as public transportation, UMass Memorial Medical Center, restaurants, parks, and shopping. On-site features include six off-street parking spaces, a detached three-car garage, a paved driveway, and an enclosed side yard. Updated electrical meter panels are also in place.
The corner-lot property is near I-290, I-190, and the Mass Pike, as well as public transportation, UMass Memorial Medical Center, restaurants, parks, and shopping. On-site features include six off-street parking spaces, a detached three-car garage, a paved driveway, and an enclosed side yard. Updated electrical meter panels are also in place.
Key Highlights
- Three apartments with 9 bedrooms and 4 baths
- 4,620 sq. ft. of living area plus an 886 sq. ft. finished basement with full bath
- Six off‑street parking spaces and detached 3‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,813
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,260
$1.6M
Cap Rate 7%
$1,154,471
$1.2M
Cap Rate 9%
$897,922
$897.9K
Market Conditions
NOI Build-Up for 5,503 SF
Gross rent
$122.2K $22.20/SF
− Vacancy
−$6.7K −$1.22/SF
EGI
$115.4K $20.98/SF
− OpEx
−$34.6K −$6.29/SF
NOI
$80.8K $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%
$1,616,260
Cap Rate 7%
$1,154,471
Cap Rate 9%
$897,922
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,813 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$1.06M
$927.3K – $1.24M
NOI $74,183 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,575 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,782
Businesses Nearby
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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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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 - Three apartments provide generous room layouts, in-unit laundry, and updated heating equipment.
Where is this triplex located?
The property is located at 32 Catharine Street Worcester, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three apartments with 9 bedrooms and 4 baths; 4,620 sq. ft. of living area plus an 886 sq. ft. finished basement with full bath; Six off‑street parking spaces and detached 3‑car garage
