Four-Unit Condominium
For Sale
$1,050,000
5.5 & 7 Winslow St, Worcester, MA 01609
The four residences are arranged in two buildings on one lot.
Property Size4,900 SF
Price / SF$214.29
Days on Market13
Property Features for 5.5 & 7 Winslow St
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Residential Income
Zoning
104
Site & Location
Neighborhood
Pact/Weed & Seed
Public Transit
Yes
Units
Unit Mix
3 x 3BR/1BA, 1 x 5BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,800
Amenities
5
No
14
Public Record
4900
Public
0.18
6
Paved Drive
Paved
Stone
Building Details
Building Size
4,900 SF
Year Built
1876
Buildings
2
Stories
5
Listing Agency:
Keller Williams South Watuppa
Listed By:
Nina Nasiff
(774) 451-0059
Source:
Jrpierre
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 31 at 2:56AM
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 South Watuppa
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Investment Insights
Based on property information with market context.
This multifamily property brings together four condominium units in two buildings on a single lot, with a combined area of 4,900 square feet. The front building contains three 3-bedroom, 1-bathroom units, each with recent updates. A 5-bedroom, 2-bathroom unit occupies the rear building and has been renovated. All four condominiums are conveyed as one offering.
Built in 1876, the property is in Worcester, Massachusetts. The surrounding area offers access to shopping, dining, public transportation, and major routes.
Built in 1876, the property is in Worcester, Massachusetts. The surrounding area offers access to shopping, dining, public transportation, and major routes.
Key Highlights
- Four condominium units conveyed together
- Two buildings situated on one lot
- Combined property area of 4,900 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,054
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,080
$1.3M
Cap Rate 7%
$943,629
$943.6K
Cap Rate 9%
$733,933
$733.9K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$126.4K $25.80/SF
− Vacancy
−$6.3K −$1.29/SF
EGI
$120.1K $24.51/SF
− OpEx
−$54.0K −$11.03/SF
NOI
$66.1K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,080
Cap Rate 7%
$943,629
Cap Rate 9%
$733,933
Alternative Uses
Best Use
Apartment 5plus
$943.6K
$825.7K – $1.10M
NOI $66,054 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,486 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,730
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The four residences are arranged in two buildings on one lot.
Where is this multifamily property located?
The property is located at 5.5 & 7 Winslow St Worcester, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four condominium units conveyed together; Two buildings situated on one lot; Combined property area of 4,900 square feet
