Three-Unit Residential Income
35 Windham Street Worcester, MA 01610
For Sale
$730,500
Pending
Well-maintained 3-unit triplex with updated major systems, in-unit laundry, and a detached two-car garage.
Property Size4,590 SF
Days on Market87
Property Features for 35 Windham Street
General Information
- Standard status
- Pending
- Size
- 4,590 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1910
Listing Agency:
Excelsior Realty
(508) 736-2735
Listed By:
Phuong Tran-Vo · License #9585359
(508) 736-2735
Source:
Compass
Added: Apr 29
Changed: Jul 21
Last Checked: Jul 23 at 8:34AM
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 Excelsior Realty
Investment Insights
Based on property information with market context.
This well-maintained three-unit residential income property offers spacious layouts across all units. Each unit features 6 rooms, 3 bedrooms, and 1 full bath, with ample storage. Interior finishes include hardwood floors and natural woodwork, along with in-unit laundry. Updates include a roof replaced in 2009, updated kitchens and baths in each unit, a main boiler replaced in 2022, and a recently installed second-floor wall heater. The third-floor unit includes new vinyl flooring in the bathroom, and hot water heaters and electrical panels are described as newer. A basement workshop area has not been used in years and may offer additional options for future use.
Outside, the property includes a two-car detached garage and additional driveway parking for up to three vehicles.
The building is presented as a cohesive, low-maintenance multifamily asset with multiple renovations and mechanical improvements already completed.
Outside, the property includes a two-car detached garage and additional driveway parking for up to three vehicles.
The building is presented as a cohesive, low-maintenance multifamily asset with multiple renovations and mechanical improvements already completed.
Key Highlights
- Well‑maintained 3‑unit triplex with over 4,500 sq. ft. of living space; each unit has 6 rooms, 3 bedrooms, and 1 full bath
- In‑unit laundry for each unit, plus living room, dining room, kitchen, and family room; window AC included
- Major system updates: roof replaced in 2009, main boiler replaced in 2022, and a second‑floor wall heater recently installed
Financial Insights For Apartment 5plus
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 | $118.4k | $25.80 |
| − Vacancy | −$5.9k | −$1.29 |
| EGI | $112.5k | $24.51 |
| − OpEx | −$50.6k | −$11.03 |
| NOI | $61.9k | $13.48 |
4,590 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$962.9K
$842.6K – $1.12M
NOI $67,406 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$883.9K
$773.4K – $1.03M
NOI $61,875 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,243 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J Lauton Tree ...
Landscaping
FAQs
What type of property is this?
Triplex - Well-maintained 3-unit triplex with updated major systems, in-unit laundry, and a detached two-car garage.
Where is this triplex located?
The property is located at 35 Windham Street Worcester, MA.
What is the asking price?
The asking price for this property is $730,500.
What are key features of this property?
This property features: Well‑maintained 3‑unit triplex with over 4,500 sq. ft. of living space; each unit has 6 rooms, 3 bedrooms, and 1 full bath; In‑unit laundry for each unit, plus living room, dining room, kitchen, and family room; window AC included; Major system updates: roof replaced in 2009, main boiler replaced in 2022, and a second‑floor wall heater recently installed
