Three-Family Residential Income
49 Perry Avenue Worcester, MA 01610
49 Perry Avenue, Worcester, MA, 01610
$849,000
For Sale
$849,000
Well-maintained three-family with recent roof, siding, and windows, plus off-street parking and a 2-car garage.
Property Size4,020 SF
Price / SF$211.19
Days on Market107
Property Features for 49 Perry Avenue
General Information
- Standard status
- Active
- Size
- 4,020 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1926
Listing agency
Property Investors & Advisors,LLC
(508) 868-0927
Listed by
Brian Allen · License #9583389
Source
Eganrealtygroup
Added: Apr 6 Updated: Jul 20 at 6:14PM Checked: Jul 21 at 7:06AM
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 Property Investors & Advisors,LLC
Investment Insights
Based on property information with market context.
49 Perry Avenue presents a well-maintained 3-family with approximately 4,020 SF of living area on an oversized 13,027 SF lot. The property has benefited from recent improvements including a roof, siding, and windows. Each unit features a large front living room, high ceilings, and three bedrooms, with hardwood floors throughout. A 2-car garage and off-street parking for 6+ vehicles support day-to-day convenience, and the 3rd-floor unit is currently vacant.
Zoned RG-5, the property offers the potential to add an additional two-family unit, subject to applicable approvals. The configuration and recent exterior updates make this a straightforward option for investors seeking an income-oriented residential building with room to expand under the current zoning designation.
Zoned RG-5, the property offers the potential to add an additional two-family unit, subject to applicable approvals. The configuration and recent exterior updates make this a straightforward option for investors seeking an income-oriented residential building with room to expand under the current zoning designation.
Key Highlights
- 4,020 SF three‑family built in 1926 on a 13,027 SF lot
- Zoned RG‑5; includes potential to add an additional two‑family unit (per listing remarks)
- Recent roof, siding, and windows reported by the listing
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 | $89.2k | $22.20 |
| − Vacancy | −$4.9k | −$1.22 |
| EGI | $84.3k | $20.98 |
| − OpEx | −$25.3k | −$6.29 |
| NOI | $59.0k | $14.69 |
4,020 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$843.4K
$737.9K – $983.9K
NOI $59,035 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$774.2K
$677.4K – $903.2K
NOI $54,192 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,925 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family with recent roof, siding, and windows, plus off-street parking and a 2-car garage.
Where is this triplex located?
The property is located at 49 Perry Avenue Worcester, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 4,020 SF three‑family built in 1926 on a 13,027 SF lot; Zoned RG‑5; includes potential to add an additional two‑family unit (per listing remarks); Recent roof, siding, and windows reported by the listing
