Renovated 3-Unit
For Sale
$885,000
4 Euclid Ave, Worcester, MA 01604
Each apartment includes in-unit laundry, separate utilities, and an identical floor plan.
Property Size4,197 SF
Price / SF$210.86
Days on Market92
Property Features for 4 Euclid Ave
General Information
Standard status
Active
Size
4,197 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
RG-5
Net Operating Income
$61,200
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,397
Amenities
W/D in each unit
backyard
landscaped outdoor area
Building Details
Building Size
4,197 SF
Year Built
1911
Stories
3
Listing Agency:
Atlantic Properties
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 4
Changed: Aug 31
Last Checked: Aug 31 at 1:41PM
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 Atlantic Properties
Investment Insights
Based on property information with market context.
This 4,197-square-foot triplex, built in 1911, has been renovated with updated kitchens and bathrooms across three apartments. All units share the same floor plan and include in-unit laundry, while separate utilities support distinct unit operations. Two newer gas furnaces serve the property, and Unit 3 is currently vacant.
The property is located at 4 Euclid Ave in Worcester, MA 01604, on a quiet residential street. Site features include two off-street parking spaces, a backyard, and landscaped outdoor space. RG-5 zoning is in place.
The property is located at 4 Euclid Ave in Worcester, MA 01604, on a quiet residential street. Site features include two off-street parking spaces, a backyard, and landscaped outdoor space. RG-5 zoning is in place.
Key Highlights
- 4,197 SF triplex with three units and matching floor plans
- Renovated interiors with modern kitchens and updated bathrooms
- Two newer gas furnaces and separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,634
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,232,680
$1.2M
Cap Rate 7%
$880,486
$880.5K
Cap Rate 9%
$684,822
$684.8K
Market Conditions
NOI Build-Up for 4,197 SF
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.
Gross rent
$93.2K $22.20/SF
− Vacancy
−$5.1K −$1.22/SF
EGI
$88.0K $20.98/SF
− OpEx
−$26.4K −$6.29/SF
NOI
$61.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,232,680
Cap Rate 7%
$880,486
Cap Rate 9%
$684,822
Alternative Uses
Best Use
Multifamily LT 5
$880.5K
$770.4K – $1.03M
NOI $61,634 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$808.3K
$707.2K – $943.0K
NOI $56,578 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,061 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
724
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment includes in-unit laundry, separate utilities, and an identical floor plan.
Where is this triplex located?
The property is located at 4 Euclid Ave Worcester, MA.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: 4,197 SF triplex with three units and matching floor plans; Renovated interiors with modern kitchens and updated bathrooms; Two newer gas furnaces and separate utilities
