Renovated Three-Unit Apartment
New
For Sale
$625,000
4 Mott St, Worcester, MA 01604
Three four-bedroom apartments include oversized kitchens and laundry hookups in every unit.
Property Size3,936 SF
Price / SF$158.79
Days on Market6
Property Features for 4 Mott St
General Information
Standard status
Active
Size
3,936 SF
Property subtype
Residential Income
Zoning
RG-5
Net Operating Income
$16,800
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,227
Amenities
laundry hook-ups
large backyard
Building Details
Building Size
3,936 SF
Year Built
1890
Buildings
1
Stories
3
Listing Agency:
Parent Real Estate
Listed By:
Michael R Parent
(774) 239-4010
Source:
Insightrealtygroup
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 6:11AM
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 Parent Real Estate
Investment Insights
Based on property information with market context.
This Worcester triplex contains three four-bedroom apartments, each with an oversized kitchen and laundry hookups. The second- and third-floor units have been renovated, with refinished hardwood floors and fresh paint; the building also has updated bathrooms. The roof is reported to be approximately 10 years old. The 3,936-square-foot building was constructed in 1890 and is zoned RG-5.
Two apartments are vacant, while the first-floor tenancy is month to month. The property includes a large backyard and a low-maintenance lot. It is near Routes 290 and 146, as well as Holy Cross, Clark University, WPI, and Worcester Academy.
Two apartments are vacant, while the first-floor tenancy is month to month. The property includes a large backyard and a low-maintenance lot. It is near Routes 290 and 146, as well as Holy Cross, Clark University, WPI, and Worcester Academy.
Key Highlights
- Three four‑bedroom apartments, each with an oversized kitchen
- Second- and third‑floor units renovated with refinished hardwood floors and fresh paint
- Updated bathrooms and laundry hookups in all apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,059
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,180
$1.1M
Cap Rate 7%
$757,986
$758.0K
Cap Rate 9%
$589,544
$589.5K
Market Conditions
NOI Build-Up for 3,936 SF
Gross rent
$101.5K $25.80/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$96.5K $24.51/SF
− OpEx
−$43.4K −$11.03/SF
NOI
$53.1K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,180
Cap Rate 7%
$757,986
Cap Rate 9%
$589,544
Alternative Uses
Best Use
Multifamily LT 5
$825.7K
$722.5K – $963.4K
NOI $57,801 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$758.0K
$663.2K – $884.3K
NOI $53,059 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,963 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three four-bedroom apartments include oversized kitchens and laundry hookups in every unit.
Where is this triplex located?
The property is located at 4 Mott St Worcester, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three four‑bedroom apartments, each with an oversized kitchen; Second- and third‑floor units renovated with refinished hardwood floors and fresh paint; Updated bathrooms and laundry hookups in all apartments
