Renovated Triplex with Back
4 S Ward Street Worcester, MA 01610
For Sale
$629,900
Third-floor unit is newly renovated and vacant, with three bedrooms, new floors, and lead compliance documentation.
Property Size2,310 SF
Price / SF$272.68
Days on Market13
Property Features for 4 S Ward Street
General Information
- Standard status
- Active
- Size
- 2,310 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing Agency:
Parent Real Estate
Listed By:
Michael R. Parent
(617) 661-6600
Source:
Cambridgerealty
Added: Jul 11
Changed: Jul 20
Last Checked: Jul 21 at 7:12AM
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 triplex features three separate residential units with shared building improvements including vinyl siding and replacement windows. The third-floor unit has been newly renovated with ceramic tile and luxury laminate floors, fresh paint, and is currently vacant. It offers three bedrooms, washer and dryer hookups, and includes a Letter of Compliance for lead hazards. The first and second floors each provide two bedrooms and are occupied by tenants on month-to-month arrangements with no leases. A brand-new kitchen stove is noted for the third unit.
The property includes three circuit breaker panels for the units, plus an owner’s panel for common areas. All units have washer and dryer hookups, and the building has a very large, level back yard suitable for outdoor use such as a garden.
Located in a convenient area near stores and a school, the home is also close to a park with a pool and a bus line, with good highway access.
The property includes three circuit breaker panels for the units, plus an owner’s panel for common areas. All units have washer and dryer hookups, and the building has a very large, level back yard suitable for outdoor use such as a garden.
Located in a convenient area near stores and a school, the home is also close to a park with a pool and a bus line, with good highway access.
Key Highlights
- Third‑floor unit (vacant) newly renovated with new ceramic tile and luxury laminate floors
- Third‑floor unit has 3 bedrooms and is freshly painted; kitchen stove is brand new
- Third‑floor unit includes a Letter of Compliance for lead hazards documentation
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 | $51.3k | $22.20 |
| − Vacancy | −$2.8k | −$1.22 |
| EGI | $48.5k | $20.98 |
| − OpEx | −$14.5k | −$6.29 |
| NOI | $33.9k | $14.69 |
2,310 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.0K – $565.4K
NOI $33,923 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.0K
NOI $31,140 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$771.0K
$674.7K – $899.5K
NOI $53,972 @ 7.0% cap · market cap 8.57%
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 - Third-floor unit is newly renovated and vacant, with three bedrooms, new floors, and lead compliance documentation.
Where is this triplex located?
The property is located at 4 S Ward Street Worcester, MA.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Third‑floor unit (vacant) newly renovated with new ceramic tile and luxury laminate floors; Third‑floor unit has 3 bedrooms and is freshly painted; kitchen stove is brand new; Third‑floor unit includes a Letter of Compliance for lead hazards documentation
