Updated Three-Unit Residential
95 Green Hill Parkway Worcester, MA 01605
For Sale
$749,000
Three updated apartments feature renovated baths, stainless appliances, and recessed lighting, with a monitored entry and parking area.
Property Size3,069 SF
Price / SF$244.05
Days on Market109
Property Features for 95 Green Hill Parkway
General Information
- Standard status
- Active
- Size
- 3,069 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1880
Listing Agency:
Vanderbilt Properties, LLC
(508) 366-6848
Listed By:
David Lenhardt · License #9629098
(508) 366-6848
Source:
Compass
Added: Apr 7
Changed: Jul 23
Last Checked: Jul 23 at 6:08PM
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 Vanderbilt Properties, LLC
Investment Insights
Based on property information with market context.
This updated three-unit residential building offers a move-in-ready setup across all apartments, with de-lead certificates provided and renovated baths. Interiors include stainless appliances and recessed lighting, with apartment finishes highlighted by a first-floor layout with soaring ceilings and third-floor design elements including under-lit floating shelves. Two units include spacious walk-in pantries, with one pantry sized to support use as an office or small fourth bedroom. Security is addressed with a six-camera system monitoring entryways, the driveway, and the parking area.
The property is located just a short distance from Green Hill Park, described as a 470-acre setting with miles of trails and a range of park amenities. Exterior grounds are presented as low-maintenance, drought-tolerant, environmentally friendly landscaping designed to reduce upkeep.
A vacant second-floor apartment is ready for an owner-occupier or investor to lease, supporting flexible occupancy plans while maintaining the building’s updated condition.
The property is located just a short distance from Green Hill Park, described as a 470-acre setting with miles of trails and a range of park amenities. Exterior grounds are presented as low-maintenance, drought-tolerant, environmentally friendly landscaping designed to reduce upkeep.
A vacant second-floor apartment is ready for an owner-occupier or investor to lease, supporting flexible occupancy plans while maintaining the building’s updated condition.
Key Highlights
- Updated 3‑family with renovated baths, stainless appliances, and recessed lighting in each apartment
- Each apartment offers de‑lead certificates
- Vacant 2nd‑floor apartment ready for owner‑occupier or investor lease
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 | $68.1k | $22.20 |
| − Vacancy | −$3.7k | −$1.22 |
| EGI | $64.4k | $20.98 |
| − OpEx | −$19.3k | −$6.29 |
| NOI | $45.1k | $14.69 |
3,069 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$643.8K
$563.4K – $751.2K
NOI $45,069 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$591.0K
$517.2K – $689.5K
NOI $41,372 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.02M
$896.3K – $1.20M
NOI $71,706 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three updated apartments feature renovated baths, stainless appliances, and recessed lighting, with a monitored entry and parking area.
Where is this triplex located?
The property is located at 95 Green Hill Parkway Worcester, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Updated 3‑family with renovated baths, stainless appliances, and recessed lighting in each apartment; Each apartment offers de‑lead certificates; Vacant 2nd‑floor apartment ready for owner‑occupier or investor lease
