Three-Family Residential Income
44 Coral Street Worcester, MA 01604
44 Coral Street, Worcester, MA, 01604
$799,000
For Sale
$799,000
Large three-family home with three-bedroom units, laundry hookups, and a finished basement plus garage and parking.
Property Size4,050 SF
Price / SF$197.28
Days on Market114
Property Features for 44 Coral Street
General Information
- Standard status
- Active
- Size
- 4,050 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
Keller Williams Pinnacle Central
(508) 754-3020
Listed by
Daniel Hill · License #9071942
(508) 754-3020
Source
Compass
Added: Apr 1 Updated: Jul 21 at 3:37AM Checked: Jul 22 at 8:57AM
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 Keller Williams Pinnacle Central
Investment Insights
Based on property information with market context.
This large three-family residential income property features three-bedroom apartments with a living room/dining room combo currently being used as an additional bedroom. Units include hardwood floors, laundry hookups, granite countertops, and kitchen islands. The home also offers a finished basement, and exterior improvements noted include a newer roof, windows, and siding.
Parking is provided with a three-car open bay garage and space for six vehicles. The property is described as being delivered completely vacant, and public remarks indicate lead certificates for all units. Interior and exterior visuals include digitally enhanced photos to remove clutter.
With each unit configured to support three bedrooms plus the repurposed living/dining area, the property presents a straightforward multi-unit setup with in-unit laundry provisions and a low-maintenance exterior component based on recent updates.
Parking is provided with a three-car open bay garage and space for six vehicles. The property is described as being delivered completely vacant, and public remarks indicate lead certificates for all units. Interior and exterior visuals include digitally enhanced photos to remove clutter.
With each unit configured to support three bedrooms plus the repurposed living/dining area, the property presents a straightforward multi-unit setup with in-unit laundry provisions and a low-maintenance exterior component based on recent updates.
Key Highlights
- Large three‑family home built in 1890 with 3 bedrooms in each unit plus a living room/dining area used as a fourth bedroom
- Interior features include hardwood floors, upgraded/countertops and kitchen islands, insulated windows, and an open floorplan
- Each unit includes laundry hookups (washer hookup, dryer hookup, and gas dryer hookup) plus kitchen appliances including a range and refrigerator
Local 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 | $89.9k | $22.20 |
| − Vacancy | −$4.9k | −$1.22 |
| EGI | $85.0k | $20.98 |
| − OpEx | −$25.5k | −$6.29 |
| NOI | $59.5k | $14.69 |
4,050 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$849.6K
$743.4K – $991.3K
NOI $59,475 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$779.9K
$682.5K – $909.9K
NOI $54,596 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,626 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Adigital
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Large three-family home with three-bedroom units, laundry hookups, and a finished basement plus garage and parking.
Where is this triplex located?
The property is located at 44 Coral Street Worcester, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Large three‑family home built in 1890 with 3 bedrooms in each unit plus a living room/dining area used as a fourth bedroom; Interior features include hardwood floors, upgraded/countertops and kitchen islands, insulated windows, and an open floorplan; Each unit includes laundry hookups (washer hookup, dryer hookup, and gas dryer hookup) plus kitchen appliances including a range and refrigerator
