Mixed-Use Triplex with Heated
328 Brooks St Worcester, MA 01606
328 Brooks St, Worcester, MA, 01606
$695,000
For Sale
$695,000
Three-family building with two 2-bedroom units, one 1-bedroom unit, and a detached heated 26 by 26 garage on-site.
Property Size2,926 SF
Lot Size0.24 Acres
Price / SF$237.53
Days on Market111
Property Features for 328 Brooks St
General Information
- Standard status
- Active
- Size
- 2,926 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Realty - Boston
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Apr 2 Updated: Jul 21 at 12:43PM Checked: Jul 21 at 12:43PM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
Three-family mixed-use property featuring two 2-bedroom units and one 1-bedroom unit, plus an oversized detached heated 26' by 26' garage. The garage provides additional rental income. Utilities are separately metered for gas and electric, and the owner panel is noted in the remarks; city water and sewer and natural gas are also provided. Water heaters are reported as circa 2022, 2023, and 2024. The property also notes recent improvements including repointing of the fieldstone foundation (per seller).
The building is located in Worcester’s BL-1 zone, just off I-190 at the Mountain St exit, with access to major routes and downtown Worcester. The site includes a 10,360 SF lot with 8 off-street parking spaces.
All units are described as TAW (per the remarks). The garage is separately metered from the residential units, and current rents total $5,350 per month (per the seller).
The building is located in Worcester’s BL-1 zone, just off I-190 at the Mountain St exit, with access to major routes and downtown Worcester. The site includes a 10,360 SF lot with 8 off-street parking spaces.
All units are described as TAW (per the remarks). The garage is separately metered from the residential units, and current rents total $5,350 per month (per the seller).
Key Highlights
- 3‑family multifamily in Worcester’s BL‑1 zone, just off I‑190 at the Mountain St exit
- Unit mix: two 2‑bedroom units and one 1‑bedroom unit; all units TAW
- Rents total $5,350/month; units and the garage are separately metered for gas & electric
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 | $65.0k | $22.20 |
| − Vacancy | −$3.6k | −$1.22 |
| EGI | $61.4k | $20.98 |
| − OpEx | −$18.4k | −$6.29 |
| NOI | $43.0k | $14.69 |
2,926 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$613.8K
$537.1K – $716.2K
NOI $42,969 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$563.5K
$493.1K – $657.4K
NOI $39,444 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$976.6K
$854.6K – $1.14M
NOI $68,364 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chinese Bodywork Boutique
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family building with two 2-bedroom units, one 1-bedroom unit, and a detached heated 26 by 26 garage on-site.
Where is this triplex located?
The property is located at 328 Brooks St Worcester, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3‑family multifamily in Worcester’s BL‑1 zone, just off I‑190 at the Mountain St exit; Unit mix: two 2‑bedroom units and one 1‑bedroom unit; all units TAW; Rents total $5,350/month; units and the garage are separately metered for gas & electric
