Three-Unit Triplex with
56 Everard St, Worcester, MA 01605
For Sale
New
$724,880
A vacant upper residence complements two occupied units, with laundry facilities serving the building.
Property Size1,900 SF
Price / SF$228.38
Days on Market7
Property Features for 56 Everard St
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
washer/dryer hookups
coin-operated laundry
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
My Harvard Apartment
Listed By:
Fritzie Puverge
(617) 249-4139
Source:
Iverty
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 4:46AM
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 My Harvard Apartment
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Investment Insights
Based on property information with market context.
The 3,174-square-foot Worcester triplex contains three apartments, each with three bedrooms and one bathroom. The top-floor apartment is vacant, while the two lower apartments are occupied on month-to-month tenancies. Washer and dryer hookups are provided in each unit, and coin-operated laundry is available in the basement. The roof was replaced in 2023; the building dates to 1900.
The property is near hospitals, medical and pharmaceutical universities, biotech employers, shopping, and major commuter routes. Assigned parking for each apartment is planned for 2027.
The property is near hospitals, medical and pharmaceutical universities, biotech employers, shopping, and major commuter routes. Assigned parking for each apartment is planned for 2027.
Key Highlights
- Three apartments, each configured with 3 bedrooms and 1 bathroom
- 3,174 square feet in a building constructed in 1900
- Vacant top‑floor apartment; two lower apartments are occupied month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,611
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,220
$932.2K
Cap Rate 7%
$665,871
$665.9K
Cap Rate 9%
$517,900
$517.9K
Market Conditions
NOI Build-Up for 3,174 SF
Gross rent
$70.5K $22.20/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$66.6K $20.98/SF
− OpEx
−$20.0K −$6.29/SF
NOI
$46.6K $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%
$932,220
Cap Rate 7%
$665,871
Cap Rate 9%
$517,900
Alternative Uses
Best Use
Multifamily LT 5
$665.9K
$582.6K – $776.9K
NOI $46,611 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,787 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.06M
$927.0K – $1.24M
NOI $74,159 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,595
Businesses Nearby
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Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A vacant upper residence complements two occupied units, with laundry facilities serving the building.
Where is this triplex located?
The property is located at 56 Everard St Worcester, MA.
What is the asking price?
The asking price for this property is $724,880.
What are key features of this property?
This property features: Three apartments, each configured with 3 bedrooms and 1 bathroom; 3,174 square feet in a building constructed in 1900; Vacant top‑floor apartment; two lower apartments are occupied month‑to‑month
