Triplex with Large
39 Woodland Street Worcester, MA 01610
For Sale
$699,900
Triplex with hardwood flooring, newer roof, and a driveway that accommodates up to 10 vehicles plus a two-car garage/barn.
Property Size4,285 SF
Price / SF$163.34
Days on Market111
Property Features for 39 Woodland Street
General Information
- Standard status
- Active
- Size
- 4,285 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing Agency:
Coldwell Banker Realty - Worcester
Listed By:
Van Khanh Nguyen
(413) 584-2900
Source:
Mapleandmainrealty
Added: Apr 4
Changed: Jul 21
Last Checked: Jul 22 at 7:23AM
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 - Worcester
Investment Insights
Based on property information with market context.
This 3-family triplex sits on an oversized lot and is designed for comfortable, flexible living across multiple units. The property includes hardwood flooring throughout, replacement windows, a newer roof, and gas on gas heating. Updated electrical services include a separate owner’s meter.
The configuration includes approximately 1,714± square feet on both the 1st and 2nd floors, each offering four spacious bedrooms, high ceilings, and adaptable layouts. A large driveway accommodates up to 10 vehicles, and there is also a two-car garage/barn on site.
The property is conveniently located within walking distance to Clark University. All tenants are currently in place and will remain, with current rents noted as below market value due to long-term tenancy.
The configuration includes approximately 1,714± square feet on both the 1st and 2nd floors, each offering four spacious bedrooms, high ceilings, and adaptable layouts. A large driveway accommodates up to 10 vehicles, and there is also a two-car garage/barn on site.
The property is conveniently located within walking distance to Clark University. All tenants are currently in place and will remain, with current rents noted as below market value due to long-term tenancy.
Key Highlights
- 3‑family home on an oversized lot with hardwood flooring throughout
- Newer roof and replacement windows
- Gas on gas heating plus updated electrical with a separate owner's meter
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 | $95.1k | $22.20 |
| − Vacancy | −$5.2k | −$1.22 |
| EGI | $89.9k | $20.98 |
| − OpEx | −$27.0k | −$6.29 |
| NOI | $62.9k | $14.69 |
4,285 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$899.0K
$786.6K – $1.05M
NOI $62,927 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$825.2K
$722.1K – $962.7K
NOI $57,764 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,117 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with hardwood flooring, newer roof, and a driveway that accommodates up to 10 vehicles plus a two-car garage/barn.
Where is this triplex located?
The property is located at 39 Woodland Street Worcester, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3‑family home on an oversized lot with hardwood flooring throughout; Newer roof and replacement windows; Gas on gas heating plus updated electrical with a separate owner's meter
