Quadplex with Renovated Third
6 Piedmont St Worcester, MA 01610
For Sale
$689,000
Quadplex with a finished basement, vacant storefront, and a newly installed roof.
Property Size4,005 SF
Price / SF$172.03
Days on Market52
Property Features for 6 Piedmont St
General Information
- Standard status
- Active
- Size
- 4,005 SF
- Property subtype
- 4 Family - 4 Units Up/Down
Building Details
- Year Built
- 1890
Listing Agency:
Charlton Realty
(508) 981-2778
Listed By:
Pho Huynh
(508) 981-2778
Source:
Lockandkeyre
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 25 at 12:16PM
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 Charlton Realty
Investment Insights
Based on property information with market context.
This quadplex includes a finished basement and a vacant storefront, offering a mix of residential income space and retail frontage potential. The property has a newly installed roof, and the third floor has been renovated. Layout and updates support a hands-on approach for an owner looking to stabilize and operate a multi-unit asset.
The building is located at 6 Piedmont St in Worcester, MA 01610. Convenient street-level access is relevant given the presence of a storefront space, and the improvements make the property easier to plan for current and future occupancy.
For buyers seeking a residential income property, the combination of finished basement space and a renovated third floor can help reduce near-term work for an operator. The vacant storefront can also allow for flexibility in tenanting strategy, depending on the buyer’s intended use for that space. Overall, it presents an opportunity to acquire a multi-family asset with documented exterior and unit-level upgrades already completed.
The building is located at 6 Piedmont St in Worcester, MA 01610. Convenient street-level access is relevant given the presence of a storefront space, and the improvements make the property easier to plan for current and future occupancy.
For buyers seeking a residential income property, the combination of finished basement space and a renovated third floor can help reduce near-term work for an operator. The vacant storefront can also allow for flexibility in tenanting strategy, depending on the buyer’s intended use for that space. Overall, it presents an opportunity to acquire a multi-family asset with documented exterior and unit-level upgrades already completed.
Key Highlights
- Quadplex built in 1890
- Vacant storefront included
- Finished basement
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 | $88.9k | $22.20 |
| − Vacancy | −$4.9k | −$1.22 |
| EGI | $84.0k | $20.98 |
| − OpEx | −$25.2k | −$6.29 |
| NOI | $58.8k | $14.69 |
4,005 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$840.2K
$735.2K – $980.3K
NOI $58,815 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$771.3K
$674.9K – $899.8K
NOI $53,989 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,575 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tito barber home ...
Employment Agency
FAQs
What type of property is this?
Quadplex - Quadplex with a finished basement, vacant storefront, and a newly installed roof.
Where is this quadplex located?
The property is located at 6 Piedmont St Worcester, MA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Quadplex built in 1890; Vacant storefront included; Finished basement
