$999,000
15
Beds
5/1
Baths
4,571
Living Area
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Property Description
Five-unit investment opportunity with tremendous value-add potential! Offering 4,571 SF, 15 bedrooms, 5.5 bathrooms, and ample off-street parking on a corner lot in Worcester's sought-after University Park neighborhood. Two fully renovated vacant units (a 5-bedroom and a 2-bedroom) provide immediate lease-up potential. The remaining units include two 2-bedroom apartments (one with two levels of living) and a 4-bedroom apartment, all occupied on a tenant-at-will basis, providing flexibility and upside. Separately metered utilities allow tenants to pay their own heat, hot water, and electricity, helping minimize operating expenses. Four of the five units are lead compliant. A full walkout basement offers shared laundry, storage, and additional income potential. Conveniently located near Clark University, public transportation, shopping, and restaurants. One Open House Only: Saturday, July 11, 1:00 PM–2:00 PM.
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Highlights
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1910
- Parking Spots: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 23
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Concrete Perimeter
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
- Basement: Full, Walk-Out Access
- Flooring: Wood, Tile, Varies
- Interior Features: Living Room, Kitchen
- 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, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street
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Utilities
- Electric: Circuit Breakers, 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $711,600
- Tax Year: 2025
- Total Rent: $8,800
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $9,386
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