Triplex with Private Rear
404 Cambridge Street, Worcester, MA 01610
For Sale
New
$660,000
Three apartments feature separate utilities, gas baseboard heat, and in-unit laundry.
Property Size3,528 SF
Price / SF$187.07
Days on Market5
Property Features for 404 Cambridge Street
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
in-unit washer and dryer
private open rear porch
Building Details
Year Built
Buildings
Listing Agency:
eXp Realty LLC
Listed By:
Candor Investment Group
(978) 710-5616
Source:
Foster-healey
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:21PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This 3,528-square-foot triplex contains three apartments, each with three bedrooms, an eat-in kitchen, a living room, in-unit washer and dryer, and a private open rear porch. The property has three bathrooms, separate utilities, gas baseboard heating, vinyl replacement windows, and off-street parking on a corner lot. Built in 1870, the building has its first-floor apartment occupied; one unit is scheduled to be vacant at closing, with a possible second vacancy.
Key Highlights
- Three apartments with 9 bedrooms and 3 bathrooms across 3,528 square feet
- Each apartment has 3 bedrooms, an eat‑in kitchen, living room, washer and dryer, and private open rear porch
- Separate utilities and gas baseboard heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,810
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,200
$1.0M
Cap Rate 7%
$740,143
$740.1K
Cap Rate 9%
$575,667
$575.7K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$78.3K $22.20/SF
− Vacancy
−$4.3K −$1.22/SF
EGI
$74.0K $20.98/SF
− OpEx
−$22.2K −$6.29/SF
NOI
$51.8K $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 Rate 5%
$1,036,200
Cap Rate 7%
$740,143
Cap Rate 9%
$575,667
Alternative Uses
Best Use
Multifamily LT 5
$740.1K
$647.6K – $863.5K
NOI $51,810 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$679.4K
$594.5K – $792.7K
NOI $47,559 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,430 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments feature separate utilities, gas baseboard heat, and in-unit laundry.
Where is this triplex located?
The property is located at 404 Cambridge Street Worcester, MA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three apartments with 9 bedrooms and 3 bathrooms across 3,528 square feet; Each apartment has 3 bedrooms, an eat‑in kitchen, living room, washer and dryer, and private open rear porch; Separate utilities and gas baseboard heating
