Turnkey Three-Unit Residential
55 Seymour St Worcester, MA 01610
55 Seymour St, Worcester, MA, 01610
$798,500
For Sale
$798,500
Fully renovated 3-family with updated systems, mini-split HVAC, hardwood and granite finishes, and a 3-car garage plus off-street parking.
Property Size2,775 SF
Price / SF$287.75
Days on Market69
Property Features for 55 Seymour St
General Information
- Standard status
- Active
- Size
- 2,775 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1890
Listing agency
Circle Pointe Realty LLC
(508) 797-2117
Listed by
Angela Biqin Xie
Source
Gundersheimgroup
Added: May 15 Updated: Jul 21 at 6:06PM Checked: Jul 21 at 6:06PM
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 Circle Pointe Realty LLC
Investment Insights
Based on property information with market context.
This fully renovated, turnkey three-family property is offered as a 3-unit residential income investment. The home has been extensively updated with newer kitchens and bathrooms, along with improvements to electrical and plumbing, roof, siding, heating systems, water heaters, and flooring. Each unit features mini-split heating/cooling systems, hardwood flooring, granite countertops, and stainless steel appliances. A clean, dry basement includes a washer/dryer area. All three units are deleaded.
The property is located at 55 Seymour St in Worcester, Massachusetts, and sits on a 6,019 sq ft lot with approximately 2,775 sq ft of living area. Zoning is RG-5. The oversized 3-car garage can accommodate multiple vehicles, with additional off-street parking.
Delivery may be available either vacant and clean or with tenants remaining in place, depending on the buyer’s preference.
The property is located at 55 Seymour St in Worcester, Massachusetts, and sits on a 6,019 sq ft lot with approximately 2,775 sq ft of living area. Zoning is RG-5. The oversized 3-car garage can accommodate multiple vehicles, with additional off-street parking.
Delivery may be available either vacant and clean or with tenants remaining in place, depending on the buyer’s preference.
Key Highlights
- Fully renovated 3‑family investment with approx. 2,775 sq ft of living area on a 6,019 sq ft lot (55 Seymour St)
- Each unit includes mini‑split heating/cooling, hardwood flooring, granite countertops, and stainless steel appliances
- Updates reported: newer kitchens and bathrooms, electrical, plumbing, roof, siding, heating systems, and water heaters; minimal deferred maintenance noted
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 | $61.6k | $22.20 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $58.2k | $20.98 |
| − OpEx | −$17.5k | −$6.29 |
| NOI | $40.8k | $14.69 |
2,775 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$582.2K
$509.4K – $679.2K
NOI $40,752 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$534.4K
$467.6K – $623.5K
NOI $37,408 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$926.2K
$810.5K – $1.08M
NOI $64,836 @ 7.0% cap · market cap 8.12%
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 - Fully renovated 3-family with updated systems, mini-split HVAC, hardwood and granite finishes, and a 3-car garage plus off-street parking.
Where is this triplex located?
The property is located at 55 Seymour St Worcester, MA.
What is the asking price?
The asking price for this property is $798,500.
What are key features of this property?
This property features: Fully renovated 3‑family investment with approx. 2,775 sq ft of living area on a 6,019 sq ft lot (55 Seymour St); Each unit includes mini‑split heating/cooling, hardwood flooring, granite countertops, and stainless steel appliances; Updates reported: newer kitchens and bathrooms, electrical, plumbing, roof, siding, heating systems, and water heaters; minimal deferred maintenance noted
