3-Unit Triplex with Private
91 Providence Street, Worcester, MA 01604
For Sale
New
$749,900
Each residence has three bedrooms, one bathroom, and connected kitchen, dining, and living spaces.
Property Size3,930 SF
Price / SF$190.81
Days on Market4
Property Features for 91 Providence Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Amenities
private laundry hookups
private parking
Building Details
Year Built
Listing Agency:
Mega Realty Services
Listed By:
Matheus Goncalves · License #9569985
(508) 768-5115
Source:
Highlandre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 9:30AM
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 Mega Realty Services
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Investment Insights
Based on property information with market context.
This 3,930-square-foot triplex, built in 1890, contains three units with three bedrooms and one bathroom apiece. Kitchens connect to dining and living areas, and each residence has private laundry hookups. Hardwood flooring remains in several bedrooms and other rooms. The property also has gas heat, updated plumbing, and private parking.
The building is on Providence Street in Worcester, near parks, restaurants, convenience stores, gas stations, and Polar Park. Routes 290, 146, 9, and 90 provide access to the surrounding area.
The building is on Providence Street in Worcester, near parks, restaurants, convenience stores, gas stations, and Polar Park. Routes 290, 146, 9, and 90 provide access to the surrounding area.
Key Highlights
- Three units, each with 3 bedrooms and 1 bathroom
- 3,930 square feet; built in 1890
- Private laundry hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,713
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,260
$1.2M
Cap Rate 7%
$824,471
$824.5K
Cap Rate 9%
$641,256
$641.3K
Market Conditions
NOI Build-Up for 3,930 SF
Gross rent
$87.2K $22.20/SF
− Vacancy
−$4.8K −$1.22/SF
EGI
$82.4K $20.98/SF
− OpEx
−$24.7K −$6.29/SF
NOI
$57.7K $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%
$1,154,260
Cap Rate 7%
$824,471
Cap Rate 9%
$641,256
Alternative Uses
Best Use
Multifamily LT 5
$824.5K
$721.4K – $961.9K
NOI $57,713 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$756.8K
$662.2K – $883.0K
NOI $52,978 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,822 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,654
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
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Market
Average Price Trend$/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 residence has three bedrooms, one bathroom, and connected kitchen, dining, and living spaces.
Where is this triplex located?
The property is located at 91 Providence Street Worcester, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Three units, each with 3 bedrooms and 1 bathroom; 3,930 square feet; built in 1890; Private laundry hookups in each unit
