Triplex with Farmer’s
94 North Main Street, West Boylston, MA 01583
For Sale
$798,000
The three-apartment property combines a vacant larger unit with two occupied residences.
Property Size4,703 SF
Price / SF$169.68
Days on Market18
Property Features for 94 North Main Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Stone/Granite/Solid Counters
Bathroom with Shower Stall
Slider
Bathroom With Tub & Shower
Living Room
Dining Room
Mudroom
Kitchen
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Lamacchia Realty, Inc.
(508) 832-5324
Listed By:
Trudy Risedorf
(508) 932-2372
Source:
Bostoniaproperties
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 3:57PM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
This 4,703-square-foot triplex, built in 1870, includes three apartments. Unit B is vacant and offers three bedrooms and 2.5 baths, with potential for a fourth bedroom. Its heating system was replaced in 2016. The other residences have one and two bedrooms, respectively. Interior features include built-ins, hardwood floors and original woodwork, while a farmer’s porch adds exterior character. Off-street parking is available.
The property is in West Boylston, near major routes and area amenities. Zoning is R.
The property is in West Boylston, near major routes and area amenities. Zoning is R.
Key Highlights
- Three apartments with 4,703 square feet of living space
- Unit B has 3 bedrooms, 2.5 baths, and potential for a 4th bedroom
- Unit B heating system replaced in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,574
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,480
$1.3M
Cap Rate 7%
$908,200
$908.2K
Cap Rate 9%
$706,378
$706.4K
Market Conditions
NOI Build-Up for 4,703 SF
Gross rent
$93.1K $19.80/SF
− Vacancy
−$2.3K −$0.49/SF
EGI
$90.8K $19.31/SF
− OpEx
−$27.2K −$5.79/SF
NOI
$63.6K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,480
Cap Rate 7%
$908,200
Cap Rate 9%
$706,378
Alternative Uses
Best Use
Multifamily LT 5
$908.2K
$794.7K – $1.06M
NOI $63,574 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$790.4K
$691.6K – $922.1K
NOI $55,326 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,421 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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Business Placement
Demographics for 01583, MA
7,652
Population
2,946
Households
2.6
Avg Household Size
45
Median Age
42%
College-Educated
92%
High-School Grad
12.6 sq mi
ZIP Area
607
Density / Sq Mi
$100,427
Median Household Income
$58,724
Median Earnings
$1,248
Median Rent
$399,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Worcester County, MA
Properties on Market for Triplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-apartment property combines a vacant larger unit with two occupied residences.
Where is this triplex located?
The property is located at 94 North Main Street West Boylston, MA.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Three apartments with 4,703 square feet of living space; Unit B has 3 bedrooms, 2.5 baths, and potential for a 4th bedroom; Unit B heating system replaced in 2016
