Multifamily Income
66 Wall St Worcester, MA 01604
66 Wall St, Worcester, MA, 01604
$724,000
For Sale
$724,000
Well-maintained units with separate utilities, coin-op washer, and a roof replacement completed in 2023.
Property Size2,886 SF
Lot Size0.24 Acres
Price / SF$250.87
Days on Market16
Property Features for 66 Wall St
General Information
- Standard status
- Active
- Size
- 2,886 SF
- Lot size
- 0.24 Acres
- Property subtype
- 3 Family
Building Details
- Year Built
- 1895
Listing agency
Property Investors & Advisors, LLC
(508) 868-0927
Listed by
Brian Allen · License #9583389
(508) 868-0927
Source
Iverty
Added: Jul 7 Updated: Jul 21 at 9:25AM Checked: Jul 21 at 9:25AM
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 Property Investors & Advisors, LLC
Investment Insights
Based on property information with market context.
This multifamily income property features 9 bedrooms and 3 bathrooms across clean, well-maintained units. The building is set up with separate utilities, and includes coin-operated laundry with a separate water heater located in the basement. De-lead certificates are available. The roof was replaced in 2023, and the deck has recently been painted. The 2nd floor is currently vacant, offering an option for an owner occupant.
The home is located off Grafton Street, with nearby access to Union Station, Polar Park, and UMass Chan, each within the distances noted in the remarks.
The property sits on a 10,500 SF lot with opportunity for an ADU out back, subject to applicable requirements.
The home is located off Grafton Street, with nearby access to Union Station, Polar Park, and UMass Chan, each within the distances noted in the remarks.
The property sits on a 10,500 SF lot with opportunity for an ADU out back, subject to applicable requirements.
Key Highlights
- 9BR/3BA multifamily with clean, well‑maintained units and separate utilities
- Vacant 2nd floor available for owner occupant
- Roof replaced in 2023; recently painted deck
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 | $64.1k | $22.20 |
| − Vacancy | −$3.5k | −$1.22 |
| EGI | $60.5k | $20.98 |
| − OpEx | −$18.2k | −$6.29 |
| NOI | $42.4k | $14.69 |
2,886 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.5K
$529.8K – $706.4K
NOI $42,382 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$555.8K
$486.3K – $648.4K
NOI $38,905 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$963.3K
$842.9K – $1.12M
NOI $67,430 @ 7.0% cap · market cap 9.31%
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 - Well-maintained units with separate utilities, coin-op washer, and a roof replacement completed in 2023.
Where is this triplex located?
The property is located at 66 Wall St Worcester, MA.
What is the asking price?
The asking price for this property is $724,000.
What are key features of this property?
This property features: 9BR/3BA multifamily with clean, well‑maintained units and separate utilities; Vacant 2nd floor available for owner occupant; Roof replaced in 2023; recently painted deck
