5-Unit Apartment
9 Wachusett St, Worcester, MA 01609
For Sale
New
$850,000
The property includes a mix of one- and two-bedroom apartments and paved parking for five or more cars.
Property Size3,203 SF
Price / SF$265.38
Days on Market4
Property Features for 9 Wachusett St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Remodeled
Living Room
Kitchen
Rain Gutters
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
Coldwell Banker Realty - Worcester
(508) 795-7500
Listed By:
Erin Zamarro
(508) 847-7100
Source:
Condonrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 2:15PM
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 Coldwell Banker Realty - Worcester
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Investment Insights
Based on property information with market context.
This 3,203-square-foot apartment property, built in 1920, contains five units: two two-bedroom apartments and three one-bedroom apartments. Exterior features include vinyl siding, and the site has paved parking for five or more cars. The building is zoned RG-5. Its gas heating system has been updated, and a water heater was installed in 2022. Lead certification letters are available.
The property is in Worcester, Massachusetts, and is described as minutes from WPI, MCPHS, UMASS, colleges and major employers.
The property is in Worcester, Massachusetts, and is described as minutes from WPI, MCPHS, UMASS, colleges and major employers.
Key Highlights
- Five apartments: two 2‑bedroom units and three 1‑bedroom units
- 3,203 square feet; built in 1920
- Paved parking for 5+ cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,178
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,560
$863.6K
Cap Rate 7%
$616,829
$616.8K
Cap Rate 9%
$479,756
$479.8K
Market Conditions
NOI Build-Up for 3,203 SF
Gross rent
$82.6K $25.80/SF
− Vacancy
−$4.1K −$1.29/SF
EGI
$78.5K $24.51/SF
− OpEx
−$35.3K −$11.03/SF
NOI
$43.2K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,560
Cap Rate 7%
$616,829
Cap Rate 9%
$479,756
Alternative Uses
Best Use
Apartment 5plus
$616.8K
$539.7K – $719.6K
NOI $43,178 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$935.5K – $1.25M
NOI $74,836 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,795
Businesses Nearby
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Business Placement
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Worcester, MA
Properties on Market for Apartment buildings in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes a mix of one- and two-bedroom apartments and paved parking for five or more cars.
Where is this apartment building located?
The property is located at 9 Wachusett St Worcester, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Five apartments: two 2‑bedroom units and three 1‑bedroom units; 3,203 square feet; built in 1920; Paved parking for 5+ cars
