Building Details

Year Renovated 2025

Listing Agency: One Way Realty Show Phone

Listed By: Monique Oliveira Show Phone

Source: Exprealty

Added: Sep 29 Changed: Oct 27 Last Checked: Oct 28 at 9:56AM

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Investment Insights

Based on property information with market context.

This three-unit residential property contains 3,756 square feet, with matching updated finishes across the residences. Renovations completed in 2025 included new HVAC systems, electrical and plumbing work, replacement windows, and new siding. A new driveway was also completed recently.

The property occupies a 4.5-acre parcel in Cherry Valley, approximately five minutes from Worcester. All three units are currently rented, providing an established residential rental configuration. The substantial parcel area is a notable part of the property; any future development would depend on applicable local zoning and approvals.

Key Highlights

• Three‑unit property with all residences currently rented
• 3,756 square feet of building area
• 4.5‑acre parcel in Cherry Valley, approximately five minutes from Worcester

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,772

Cap Rate

6.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,015,440 $1.0M

Cap Rate 7%

$725,314 $725.3K

Cap Rate 9%

$564,133 $564.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,756 SF

Gross rent

$74.4K $19.80/SF

− Vacancy

−$1.8K −$0.49/SF

EGI

$72.5K $19.31/SF

− OpEx

−$21.8K −$5.79/SF

NOI

$50.8K $13.52/SF

Area

Worcester County, MA

Vacancy

2.47%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,015,440

Cap Rate 7%

$725,314

Cap Rate 9%

$564,133

Alternative Uses

Best Use

Multifamily LT 5

$725.3K

$634.7K – $846.2K (±1% cap)

NOI $50,772 @ 7.0% cap · market cap 6.08%

Second Best

Apartment 5plus

$631.2K

$552.3K – $736.4K (±1% cap)

NOI $44,185 @ 7.0% cap · market cap 5.29%

Theoretical Best

Office A

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,783 @ 7.0% cap · market cap 10.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - All three residences are occupied and share updated interior finishes.

Where is this triplex located?

The property is located at 50 Chapel St Cherry Valley, MA.

What is the asking price?

The asking price for this property is $834,900.

What are key features of this property?

This property features: Three‑unit property with all residences currently rented; 3,756 square feet of building area; 4.5‑acre parcel in Cherry Valley, approximately five minutes from Worcester