Three-Unit Multifamily
For Sale
$515,000
Pending
46 Townsend St, Worcester, MA 01609
Three-unit property with potential for owner occupancy or investment.
Property Size3,031 SF
Lot Size0.16 Acres
Days on Market327
Property Features for 46 Townsend St
General Information
Standard status
Pending
Size
3,031 SF
Lot size
0.16 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,657
Building Details
Building Size
3,031 SF
Year Built
1900
Stories
6
Units
4
Listing Agency:
Precision Home Realty LLC
(508) 583-8004
Listed By:
Barbara Watson
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 15
Last Checked: Oct 19 at 7:35AM
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 Precision Home Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit multifamily property is suitable for owner occupancy or investment. One of the units will be vacant. The property features a non-traditional three-unit configuration, including an in-law suite with two bedrooms and one full bathroom. The first floor includes three bedrooms and two bathrooms, one of which has a jacuzzi. The second floor has three bedrooms and one bathroom, while the third floor contains two bedrooms and one bathroom. Each unit is responsible for its own electric and heating expenses. There are eight paved parking spaces available, along with two to three off-street parking spaces for tenants.
Key Highlights
- Potential for owner‑occupancy with rental income from other units.
- One vacant unit available for immediate occupancy or rental.
- Each unit separately metered for electric and heat, simplifying utility management.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,511
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,220
$890.2K
Cap Rate 7%
$635,871
$635.9K
Cap Rate 9%
$494,567
$494.6K
Market Conditions
NOI Build-Up for 3,031 SF
Gross rent
$67.3K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$63.6K $20.98/SF
− OpEx
−$19.1K −$6.29/SF
NOI
$44.5K $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%
$890,220
Cap Rate 7%
$635,871
Cap Rate 9%
$494,567
Alternative Uses
Best Use
Multifamily LT 5
$635.9K
$556.4K – $741.9K
NOI $44,511 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$583.7K
$510.7K – $681.0K
NOI $40,859 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$1.01M
$885.2K – $1.18M
NOI $70,818 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with potential for owner occupancy or investment.
Where is this triplex located?
The property is located at 46 Townsend St Worcester, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Potential for owner‑occupancy with rental income from other units.; One vacant unit available for immediate occupancy or rental.; Each unit separately metered for electric and heat, simplifying utility management.
