Multi-Family Property with
61 Cohasset Street Worcester, MA 01604
For Sale
$884,995
Triplex plus an ADU, offering in-unit laundry and a detached garage with a rented studio loft above.
Property Size3,891 SF
Price / SF$227.45
Days on Market128
Property Features for 61 Cohasset Street
General Information
- Standard status
- Active
- Size
- 3,891 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing Agency:
eXp Realty
Listed By:
Candor Investment Group
(617) 236-0711
Source:
Campionre
Added: Mar 18
Changed: Jul 22
Last Checked: Jul 23 at 7:12AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This multi-family property includes three primary units plus an additional ADU, providing flexible rental configuration. Across the main building, there are 10 bedrooms and 4 bathrooms, with in-unit laundry available for each unit. A detached two-bay garage adds supplemental income through a studio-sized loft above that is currently rented.
Current rents for the three primary units are $2,650, $2,050, and $1,950, and the garage loft is rented for $1,400 per month. Combined, the property generates total monthly income of $8,050. The offering is located in the Grafton Hill area of Worcester with convenient access to major routes and proximity to local amenities and downtown Worcester.
Open houses are scheduled for Saturday and Sunday from 1:00 to 2:00 PM.
Current rents for the three primary units are $2,650, $2,050, and $1,950, and the garage loft is rented for $1,400 per month. Combined, the property generates total monthly income of $8,050. The offering is located in the Grafton Hill area of Worcester with convenient access to major routes and proximity to local amenities and downtown Worcester.
Open houses are scheduled for Saturday and Sunday from 1:00 to 2:00 PM.
Key Highlights
- Triplex with an additional ADU at 61 Cohasset Street; total of 3 units plus ADU
- 10 bedrooms and 4 bathrooms across the main building, plus in‑unit laundry for tenants
- Current rents for the 3 primary units: $2,650, $2,050, and $1,950 per month
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 | $86.4k | $22.20 |
| − Vacancy | −$4.8k | −$1.22 |
| EGI | $81.6k | $20.98 |
| − OpEx | −$24.5k | −$6.29 |
| NOI | $57.1k | $14.69 |
3,891 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$816.3K
$714.3K – $952.4K
NOI $57,141 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$749.3K
$655.7K – $874.2K
NOI $52,453 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,911 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex plus an ADU, offering in-unit laundry and a detached garage with a rented studio loft above.
Where is this triplex located?
The property is located at 61 Cohasset Street Worcester, MA.
What is the asking price?
The asking price for this property is $884,995.
What are key features of this property?
This property features: Triplex with an additional ADU at 61 Cohasset Street; total of 3 units plus ADU; 10 bedrooms and 4 bathrooms across the main building, plus in‑unit laundry for tenants; Current rents for the 3 primary units: $2,650, $2,050, and $1,950 per month
