$649,000
6
Beds
3
Baths
2,266
Living Area
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Property Description
Excellent Investment Opportunity! Well-maintained, low-maintenance 3-family property offering strong cash flow potential and long-term investment Value. Rents are substantially below market! Current tenants would like to remain, providing immediate rental income from day one. Comparable 2-bedroom units in the area rent for around $2,000 per month, creating excellent income growth potential. The exterior features durable vinyl siding, a large paved driveway with off-street parking for 7+ vehicles, and a garage ideal for owner storage. Each unit enjoys its own private porch space. All three apartments feature 2 bedrooms, spacious eat-in kitchens with pantry areas, large living rooms, and updated bathrooms. Units 1 and 2 include in-unit washer and dryers, while Unit 3 has access to laundry in the basement. Mechanical updates include a gas furnace approximately 6 years old and newer electric baseboard heating in Unit 3. Low operating expenses with tenants paying their own electricity. Unit 3 also pays its own electric heat, while the landlord provides heat and hot water for Units 1 and 2. Conveniently located in Worcester's desirable Grafton Hill neighborhood, just minutes from major employers, hospitals, shopping, downtown Worcester, and several colleges and universities including Clark University, UMass Chan Medical School, and WPI. Easy access to highways, public transportation, Union Station, and commuter routes makes this a highly attractive rental location. Whether you're expanding your portfolio or looking for a solid owner-occupant investment, this turnkey multifamily offers strong rental demand, stable tenancy, and excellent income potential. Group Showing this Saturday October 3rd 12:00pm - 1:30pm~~ DON'T MISS THIS OPPORTUITY!~~
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Highlights
- Heating: Steam, Natural Gas, Unit Control, Electric
- Parking Spots: 8
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 12
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1901
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Additional Details
- Appliances: Range, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer
- Exclusions: Tenants Personal Belongings. Garage Is Landlords Belongings, And Will Be Removed By Closing.
- Flooring: Vinyl, Carpet
- Foundation Area: 936
- Lot Features: Cleared, Level
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Walk-Out Access, Interior Entry, Sump Pump, Concrete
- Exterior Features: Balcony/Deck, Balcony
- Foundation: Stone
- Interior Features: Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Remodeled, Internet Available - Unknown, Storage, Living Room, Kitchen, Laundry Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Rg-5
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, T-Station, University
- Parking Features: Paved Drive, Off Street, Tandem, Common, Driveway, Paved
- Covered Parking Spaces: 1
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Utilities
- Electric: Circuit Breakers, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $541,100
- Tax Year: 2026
- Total Rent: $5,000
- Rental Fee Includes: Unit 1(Heat, Gas, Water, Hot Water), Unit 2(Heat, Gas, Water, Hot Water), Unit 3(Gas, Water, Hot Water)
- Taxes: $7,186
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Coldwell Banker Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.