Updated Triplex With Basement
For Sale
$649,900
Pending
5 Diamond St, Worcester, MA 01610
Residential Income, Worcester, MA
Property Size2,988 SF
Lot Size0.06 Acres
Days on Market67
Property Features for 5 Diamond St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RG-5
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 9, Bathroom 1, Bedroom 2, Bedroom 8, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2
Parking
3
Directions
GPS
Standard status
Pending
APN
M:05 B:029 L:00016,1766199
Size
2,988 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6107
Building Details
Year built
1890
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Pinnacle Central · Keller Williams Realty
Listed By:
Sarah Gustafson
(508) 754-3020
Added: Jul 31
Changed: Sep 15
Last Checked: Oct 5 at 2:06PM
MLS# 73557492
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,988-square-foot triplex was built in 1890 and includes nine bedrooms, three fully applianced kitchens, separate pantry areas, and spacious living rooms. Improvements include new plumbing, updated electrical systems, refreshed kitchens and bathrooms, along with updated walls and flooring. The basement has a concrete floor and is described as dry, providing additional storage. The recently vacated third floor creates potential for owner occupancy as described in the property information.
The property occupies 0.0584 acres at 5 Diamond St in Worcester, Massachusetts, and is zoned RG-5. Its location is described as being minutes from major routes.
The property occupies 0.0584 acres at 5 Diamond St in Worcester, Massachusetts, and is zoned RG-5. Its location is described as being minutes from major routes.
Key Highlights
- 2,988‑square‑foot triplex on 0.0584 acres
- Nine bedrooms, three fully applianced kitchens, and three bathrooms
- Updates include plumbing, electrical, kitchens, bathrooms, walls, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,880
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,600
$877.6K
Cap Rate 7%
$626,857
$626.9K
Cap Rate 9%
$487,556
$487.6K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$66.3K $22.20/SF
− Vacancy
−$3.6K −$1.22/SF
EGI
$62.7K $20.98/SF
− OpEx
−$18.8K −$6.29/SF
NOI
$43.9K $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%
$877,600
Cap Rate 7%
$626,857
Cap Rate 9%
$487,556
Alternative Uses
Best Use
Multifamily LT 5
$626.9K
$548.5K – $731.3K
NOI $43,880 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$575.4K
$503.5K – $671.3K
NOI $40,280 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$997.3K
$872.7K – $1.16M
NOI $69,813 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
889
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated interiors, separate pantries, and a dry basement offering additional storage space.
Where is this triplex located?
The property is located at 5 Diamond St Worcester, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,988‑square‑foot triplex on 0.0584 acres; Nine bedrooms, three fully applianced kitchens, and three bathrooms; Updates include plumbing, electrical, kitchens, bathrooms, walls, and flooring
