Building Details

Building Size 3,313 SF

Year Built 1890

Stories 3

Listing Agency: Century 21 XSELL REALTY Show Phone

Listed By: Charles Boiquaye Show Phone

Source: Churchillprop

Added: May 11 Changed: Oct 6 Last Checked: Oct 16 at 7:01AM

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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 Century 21 XSELL REALTY

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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.

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 / Yr

$48,652

Cap Rate

6.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$973,040 $973.0K

Cap Rate 7%

$695,029 $695.0K

Cap Rate 9%

$540,578 $540.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,313 SF

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 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 (±1% cap)

NOI $48,652 @ 7.0% cap · market cap 6.76%

Second Best

Apartment 5plus

$638.0K

$558.3K – $744.4K (±1% cap)

NOI $44,661 @ 7.0% cap · market cap 6.20%

Theoretical Best

Office A

$1.11M

$967.6K – $1.29M (±1% cap)

NOI $77,407 @ 7.0% cap · market cap 10.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service Carpet & Flooring Store Pet Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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