Three-Unit Residential
New
For Sale
$749,999
33 Jefferson Street, Worcester, MA 01604
Three separate apartments include a vacant four-bedroom unit and two leased three-bedroom units.
Property Size3,975 SF
Price / SF$188.68
Days on Market3
Property Features for 33 Jefferson Street
General Information
Standard status
Active
Size
3,975 SF
Total Parking Spaces
4
Property subtype
Multi-family
Units
Unit Mix
1 x 4BR, 2 x 3BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
private back yard
Building Details
Year Built
1890
Buildings
1
Tenancy
Multi
Listing Agency:
Broad Sound Real Estate,LLC
Listed By:
Juan Cano · License #9581120
(617) 230-1486
Source:
Campionre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:42PM
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 Broad Sound Real Estate,LLC
Investment Insights
Based on property information with market context.
This three-family property contains approximately 3,975 square feet of living area across three apartments. The first unit has four bedrooms and is vacant. The other two each offer three bedrooms, a living room, and a dining room; both are leased. Updated central heating serves all three units. A full basement, private backyard, natural woodwork, and built-in features are also part of the property. The roof was replaced around 2020 by a previous owner.
The property is at 33 Jefferson Street in Worcester, near public transportation, shopping, restaurants, and other city amenities. Four off-street parking spaces serve the building.
The property is at 33 Jefferson Street in Worcester, near public transportation, shopping, restaurants, and other city amenities. Four off-street parking spaces serve the building.
Key Highlights
- Three apartments in approximately 3,975 square feet of living area
- Vacant four‑bedroom apartment; the other two units each have three bedrooms
- Four off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,374
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,480
$1.2M
Cap Rate 7%
$833,914
$833.9K
Cap Rate 9%
$648,600
$648.6K
Market Conditions
NOI Build-Up for 3,975 SF
Gross rent
$88.2K $22.20/SF
− Vacancy
−$4.9K −$1.22/SF
EGI
$83.4K $20.98/SF
− OpEx
−$25.0K −$6.29/SF
NOI
$58.4K $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%
$1,167,480
Cap Rate 7%
$833,914
Cap Rate 9%
$648,600
Alternative Uses
Best Use
Multifamily LT 5
$833.9K
$729.7K – $972.9K
NOI $58,374 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$765.5K
$669.8K – $893.1K
NOI $53,585 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,874 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
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 separate apartments include a vacant four-bedroom unit and two leased three-bedroom units.
Where is this triplex located?
The property is located at 33 Jefferson Street Worcester, MA.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Three apartments in approximately 3,975 square feet of living area; Vacant four‑bedroom apartment; the other two units each have three bedrooms; Four off‑street parking spaces
