Three-Unit Residential Income
9 Nixon Avenue Worcester, MA 01603
9 Nixon Avenue, Worcester, MA, 01603
$499,000
For Sale
$499,000
Three-family building with two 3-bedroom units and one 2-bedroom unit, including a currently vacant second-floor 3BR.
Property Size3,025 SF
Price / SF$164.96
Days on Market60
Property Features for 9 Nixon Avenue
General Information
- Standard status
- Active
- Size
- 3,025 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1895
Listing agency
Property Investors & Advisors,LLC
Listed by
Brian Allen
(781) 878-2478
Source
Trufantre
Added: May 24 Updated: Jul 22 at 8:21AM Checked: Jul 22 at 8:21AM
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 Property Investors & Advisors,LLC
Investment Insights
Based on property information with market context.
This three-family residential income property features two 3-bedroom units and one 2-bedroom unit. The second-floor 3-bedroom unit is currently vacant and is described as easy to show. The building sits on a flat lot and includes off-street parking.
The property is located on a dead-end street and is conveniently accessed off Cambridge St. It is approximately 0.6 miles to Clark University, 0.8 miles to Webster Square Plaza, 1.9 miles to Holy Cross, and 2.1 miles to Polar Park.
The layout supports an owner-occupant or investor approach, with two units configured as 3BR and one unit configured as 2BR.
The property is located on a dead-end street and is conveniently accessed off Cambridge St. It is approximately 0.6 miles to Clark University, 0.8 miles to Webster Square Plaza, 1.9 miles to Holy Cross, and 2.1 miles to Polar Park.
The layout supports an owner-occupant or investor approach, with two units configured as 3BR and one unit configured as 2BR.
Key Highlights
- Three‑family home built in 1895
- Unit mix: two 3‑bedroom units and one 2‑bedroom unit
- Second‑floor 3BR unit is currently vacant and easy to show
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 | $67.2k | $22.20 |
| − Vacancy | −$3.7k | −$1.22 |
| EGI | $63.5k | $20.98 |
| − OpEx | −$19.0k | −$6.29 |
| NOI | $44.4k | $14.69 |
3,025 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.6K
$555.3K – $740.4K
NOI $44,423 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$582.6K
$509.7K – $679.7K
NOI $40,779 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$1.01M
$883.5K – $1.18M
NOI $70,678 @ 7.0% cap · market cap 14.16%
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 - Three-family building with two 3-bedroom units and one 2-bedroom unit, including a currently vacant second-floor 3BR.
Where is this triplex located?
The property is located at 9 Nixon Avenue Worcester, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑family home built in 1895; Unit mix: two 3‑bedroom units and one 2‑bedroom unit; Second‑floor 3BR unit is currently vacant and easy to show
