Triplex with Updated
For Sale
$720,000
72-74 Mason St, Worcester, MA 01610
Three residential units offer a varied seven-bedroom configuration within a three-level building.
Property Size3,313 SF
Price / SF$217.33
Days on Market114
Property Features for 72-74 Mason St
General Information
Standard status
Active
Size
3,313 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
RG-5
Net Operating Income
$19,200
Taxes and HOA fees
Annual Taxes
$5,334
Building Details
Building Size
3,313 SF
Year Built
1890
Stories
3
Listing Agency:
Atlantic Properties
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 11
Changed: Aug 30
Last Checked: Aug 31 at 1:19PM
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 Atlantic Properties
Investment Insights
Based on property information with market context.
This three-unit residential property contains 7 bedrooms and 3 full bathrooms across three levels. The first-floor residence has 3 bedrooms and 1 bathroom, while each upper-floor unit provides 2 bedrooms and 1 bathroom. Vinyl flooring has been installed throughout the units, offering a consistent, low-maintenance finish. The property was built in 1890 and is zoned RG-5.
Located near public transportation, shopping, dining, and other local amenities, the property combines multiple residential units with access to everyday services. Its three-unit layout can accommodate an investor or an owner-occupant seeking a multifamily property with additional residential income potential.
Located near public transportation, shopping, dining, and other local amenities, the property combines multiple residential units with access to everyday services. Its three-unit layout can accommodate an investor or an owner-occupant seeking a multifamily property with additional residential income potential.
Key Highlights
- Three‑unit residential property with 7 bedrooms and 3 full bathrooms
- Three‑level layout with one 3‑bedroom unit and two 2‑bedroom units
- Vinyl flooring throughout each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,652
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,040
$973.0K
Cap Rate 7%
$695,029
$695.0K
Cap Rate 9%
$540,578
$540.6K
Market Conditions
NOI Build-Up for 3,313 SF
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.
Gross rent
$73.5K $22.20/SF
− Vacancy
−$4.0K −$1.22/SF
EGI
$69.5K $20.98/SF
− OpEx
−$20.9K −$6.29/SF
NOI
$48.7K $14.69/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,040
Cap Rate 7%
$695,029
Cap Rate 9%
$540,578
Alternative Uses
Best Use
Multifamily LT 5
$695.0K
$608.2K – $810.9K
NOI $48,652 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$638.0K
$558.3K – $744.4K
NOI $44,661 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a varied seven-bedroom configuration within a three-level building.
Where is this triplex located?
The property is located at 72-74 Mason St Worcester, MA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Three‑unit residential property with 7 bedrooms and 3 full bathrooms; Three‑level layout with one 3‑bedroom unit and two 2‑bedroom units; Vinyl flooring throughout each unit
