Multifamily Building with Skyline
66 Wall Street Worcester, MA 01604
66 Wall Street, Worcester, MA, 01604
$724,000
For Sale
$724,000
Clean, well-maintained 9-bedroom multifamily with separate utilities and a vacant second-floor owner-occupant unit.
Property Size2,886 SF
Lot Size0.24 Acres
Price / SF$250.87
Days on Market12
Property Features for 66 Wall Street
General Information
- Standard status
- Active
- Size
- 2,886 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1895
Listing Agency
Property Investors & Advisors,LLC
Listed by
Brian Allen
(617) 680-0690
Source
Inrealtyinc
Added: Jul 6 Checked: Jul 16 at 11:28 am
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 property offers 9 bedrooms and 3 bathrooms, with clean, well-maintained units. Units are supported by separate utilities, and there is a vacant second-floor unit available for owner-occupant use. A coin-op washer is located in the basement, along with a separate water heater.
The property is described as having city skyline views from 66 Wall Street and is positioned near area destinations including Union Station, Polar Park, and UMass Chan. A 10,500 SF lot provides additional flexibility, with opportunity for an ADU out back as noted in the listing.
Recent improvements include a roof replacement in 2023 and recently painted deck areas. De-lead certificates have been provided, supporting readiness for occupancy. The property is being offered for sale with scheduled open houses on Thursday 7/9 from 5–6 PM and Saturday 7/11 from 11 AM–noon.
The property is described as having city skyline views from 66 Wall Street and is positioned near area destinations including Union Station, Polar Park, and UMass Chan. A 10,500 SF lot provides additional flexibility, with opportunity for an ADU out back as noted in the listing.
Recent improvements include a roof replacement in 2023 and recently painted deck areas. De-lead certificates have been provided, supporting readiness for occupancy. The property is being offered for sale with scheduled open houses on Thursday 7/9 from 5–6 PM and Saturday 7/11 from 11 AM–noon.
Key Highlights
- 9BR, 3BA multifamily with city skyline views
- .7 miles to Union Station; 1.4 miles to Polar Park; 1.8 miles to UMass Chan
- Clean, well‑maintained units with separate utilities
Local Financial Insights For Apartment 5plus
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 | $74.5k | $25.80 |
| − Vacancy | −$3.7k | −$1.29 |
| EGI | $70.7k | $24.51 |
| − OpEx | −$31.8k | −$11.03 |
| NOI | $38.9k | $13.48 |
2,886 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$555.8K
$486.3K – $648.4K
NOI $38,905 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
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
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Clean, well-maintained 9-bedroom multifamily with separate utilities and a vacant second-floor owner-occupant unit.
Where is this apartment building located?
The property is located at 66 Wall Street 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 city skyline views; .7 miles to Union Station; 1.4 miles to Polar Park; 1.8 miles to UMass Chan; Clean, well‑maintained units with separate utilities
