Turn-Key Three-Family
81 Ward St Worcester, MA 01610
81 Ward St, Worcester, MA, 01610
$789,900
For Sale
$789,900
Updated three-unit property with renovated kitchens, bathrooms, and refreshed interior finishes throughout.
Property Size2,416 SF
Price / SF$326.95
Days on Market100
Property Features for 81 Ward St
General Information
- Standard status
- Active
- Size
- 2,416 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1890
Listing agency
Nixon Realty Inc.
(508) 577-3620
Listed by
Ryan Miranda · License #9581554
Source
Arborviewrealtyinc
Added: Apr 15 Updated: Jul 21 at 12:30PM Checked: Jul 21 at 12:30PM
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 Nixon Realty Inc.
Investment Insights
Based on property information with market context.
This turn-key three-family residence is fully updated and ready for its next owner. The building has undergone major improvements, including new electrical, updated plumbing, new laminate flooring throughout, fresh paint, and new interior doors. Bathrooms feature renovated tiled floors and modern stand-up tiled showers, and both the first-floor and third-floor units include kitchens with granite countertops. Several windows have also been replaced.
Located in Worcester with convenient access to major highways, restaurants, shopping, and public transportation, the property is positioned for everyday practicality.
The asset is configured as three separate residential units and presents as a move-in-ready multi-family option supported by the interior and system upgrades listed.
Located in Worcester with convenient access to major highways, restaurants, shopping, and public transportation, the property is positioned for everyday practicality.
The asset is configured as three separate residential units and presents as a move-in-ready multi-family option supported by the interior and system upgrades listed.
Key Highlights
- Three‑family property built in 1890 with updated interior finishes throughout
- Major improvements include new electrical and updated plumbing
- New flooring with vinyl and laminate installed throughout
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 | $53.6k | $22.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $50.7k | $20.98 |
| − OpEx | −$15.2k | −$6.29 |
| NOI | $35.5k | $14.69 |
2,416 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.9K
$443.5K – $591.3K
NOI $35,480 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.8K
NOI $32,569 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$806.4K
$705.6K – $940.8K
NOI $56,449 @ 7.0% cap · market cap 7.15%
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 - Updated three-unit property with renovated kitchens, bathrooms, and refreshed interior finishes throughout.
Where is this triplex located?
The property is located at 81 Ward St Worcester, MA.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Three‑family property built in 1890 with updated interior finishes throughout; Major improvements include new electrical and updated plumbing; New flooring with vinyl and laminate installed throughout
