Three-Unit Residential Income
7 Liberty Street Worcester, MA 01605
7 Liberty Street, Worcester, MA, 01605
$510,000
For Sale
$510,000
Triplex offers three units with separate utilities and ample living space in Worcester.
Property Size2,481 SF
Price / SF$205.56
Days on Market72
Property Features for 7 Liberty Street
General Information
- Standard status
- Active
- Size
- 2,481 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1890
Listing agency
La Maison
(508) 736-2911
Listed by
Tai Cheng · License #9506967
(508) 736-2911
Source
Compass
Added: May 13 Updated: Jul 22 at 9:56AM Checked: Jul 22 at 9:56AM
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 La Maison
Investment Insights
Based on property information with market context.
This three-unit residential income property offers a spacious multi-family layout with ample living space across all units. Separate utilities provide each unit with independent service arrangements.
The property is positioned in Worcester with convenient access to hospitals, schools, shopping, restaurants, public transportation, and major routes. Public remarks note proximity to downtown Worcester, Union Station, UMass Memorial Medical Center, and local universities.
The offering presents an owner-occupant or investment opportunity with three distinct rental units already in place, along with the ability to add value through updates and operational improvements.
The property is positioned in Worcester with convenient access to hospitals, schools, shopping, restaurants, public transportation, and major routes. Public remarks note proximity to downtown Worcester, Union Station, UMass Memorial Medical Center, and local universities.
The offering presents an owner-occupant or investment opportunity with three distinct rental units already in place, along with the ability to add value through updates and operational improvements.
Key Highlights
- Three‑unit triplex in Worcester
- 3 full bathrooms total
- Corner lot
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 | $55.1k | $22.20 |
| − Vacancy | −$3.0k | −$1.22 |
| EGI | $52.0k | $20.98 |
| − OpEx | −$15.6k | −$6.29 |
| NOI | $36.4k | $14.69 |
2,481 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$520.5K
$455.4K – $607.2K
NOI $36,434 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$477.8K
$418.1K – $557.4K
NOI $33,445 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$828.1K
$724.6K – $966.1K
NOI $57,967 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex offers three units with separate utilities and ample living space in Worcester.
Where is this triplex located?
The property is located at 7 Liberty Street Worcester, MA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Three‑unit triplex in Worcester; 3 full bathrooms total; Corner lot
