Renovated 3-Unit
9 Maxwell, Worcester, MA 01607
For Sale
$1,080,000
Each apartment has four bedrooms, two full bathrooms, and an open kitchen-living area.
Property Size3,168 SF
Price / SF$340.91
Days on Market15
Property Features for 9 Maxwell
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookups
finished basement
Full
Wood
6
No
3
12
Electric Dryer Hookup,Washer Hookup
Public Record
3168
Public
0.11
4
Paved Drive,Off Street
Paved
Brick/Mortar
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Popular Properties Realty,Inc
Listed By:
Hong Li
Source:
Jrpierre
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 8 at 2:06PM
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 Popular Properties Realty,Inc
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Investment Insights
Based on property information with market context.
This Worcester triplex contains three apartments, each arranged with four bedrooms, two full bathrooms, and an open kitchen and living area. Interior updates include hardwood flooring, granite kitchen counters, and refreshed bathrooms. Improvements also include new electrical and plumbing systems, heating and cooling equipment, a roof, siding, and windows. The finished basement provides tenant storage. Laundry connections are located inside the first apartment and in the basement for the other two. The property has 3,168 square feet and was built in 1890.
Zoned RG-5, the property sits on a 0.11-acre parcel. A paved driveway and off-street parking accommodate approximately four cars. Lead certificate compliance is in place.
Zoned RG-5, the property sits on a 0.11-acre parcel. A paved driveway and off-street parking accommodate approximately four cars. Lead certificate compliance is in place.
Key Highlights
- Three apartments, each with 4 bedrooms and 2 full bathrooms
- 3,168 square feet; built in 1890
- RG‑5 zoning on a 0.11‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,523
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,460
$930.5K
Cap Rate 7%
$664,614
$664.6K
Cap Rate 9%
$516,922
$516.9K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$70.3K $22.20/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$66.5K $20.98/SF
− OpEx
−$19.9K −$6.29/SF
NOI
$46.5K $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%
$930,460
Cap Rate 7%
$664,614
Cap Rate 9%
$516,922
Alternative Uses
Best Use
Multifamily LT 5
$664.6K
$581.5K – $775.4K
NOI $46,523 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$610.1K
$533.8K – $711.8K
NOI $42,706 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.06M
$925.2K – $1.23M
NOI $74,019 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
Business Placement
Demographics for 01607, MA
9,378
Population
4,172
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
3,126
Density / Sq Mi
$66,365
Median Household Income
$46,300
Median Earnings
$1,356
Median Rent
$341,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Worcester, MA
Properties on Market for Triplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has four bedrooms, two full bathrooms, and an open kitchen-living area.
Where is this triplex located?
The property is located at 9 Maxwell Worcester, MA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Three apartments, each with 4 bedrooms and 2 full bathrooms; 3,168 square feet; built in 1890; RG‑5 zoning on a 0.11‑acre parcel
