Three-Unit Triplex with Laundry
New
For Sale
$699,000
6 Lucian, Worcester, MA 01603
All three residences have separate utilities and matching three-bedroom, one-bathroom layouts.
Property Size4,368 SF
Price / SF$160.03
Days on Market6
Property Features for 6 Lucian
General Information
Standard status
Active
Size
4,368 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Illinois St. C.w.a.
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
hardwood floors
laundry room
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Dino's Realty Team
Listed By:
Malvina Dino Newell
(978) 342-7891
Source:
Cambridgerealty
Added: Oct 31
Changed: Nov 5
Last Checked: Nov 4 at 5:38PM
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 Dino's Realty Team
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Investment Insights
Based on property information with market context.
Built in 1920, this three-unit residential property offers the same floor plan on each level: a living room, dining room, kitchen, pantry, three bedrooms, one bathroom, and a dedicated laundry room. Hardwood flooring is present, and utilities are separately metered for each unit. The building contains 4,368 square feet.
The property is on Lucian Street in Worcester’s Webster Square area, on a dead-end street and close to Clark University. Tenancies are at will. The property is being conveyed in as-is condition.
The property is on Lucian Street in Worcester’s Webster Square area, on a dead-end street and close to Clark University. Tenancies are at will. The property is being conveyed in as-is condition.
Key Highlights
- Three units, each with 3 bedrooms and 1 bathroom
- Each residence includes a living room, dining room, kitchen, pantry, and separate laundry room
- Separate utilities for all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,145
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,900
$1.3M
Cap Rate 7%
$916,357
$916.4K
Cap Rate 9%
$712,722
$712.7K
Market Conditions
NOI Build-Up for 4,368 SF
Gross rent
$97.0K $22.20/SF
− Vacancy
−$5.3K −$1.22/SF
EGI
$91.6K $20.98/SF
− OpEx
−$27.5K −$6.29/SF
NOI
$64.1K $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%
$1,282,900
Cap Rate 7%
$916,357
Cap Rate 9%
$712,722
Alternative Uses
Best Use
Multifamily LT 5
$916.4K
$801.8K – $1.07M
NOI $64,145 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$841.2K
$736.0K – $981.4K
NOI $58,883 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,056 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
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Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have separate utilities and matching three-bedroom, one-bathroom layouts.
Where is this triplex located?
The property is located at 6 Lucian Worcester, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three units, each with 3 bedrooms and 1 bathroom; Each residence includes a living room, dining room, kitchen, pantry, and separate laundry room; Separate utilities for all units
