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$900,000
9
Beds
7
Baths
3,652
Living Area
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Property Description
This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. The property also features a new roof. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 8.21% cap rate at $135,714 per unit, this property represents a strong investment opportunity in the growing Worcester market.
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1887
- Parking Spots: 10
- Property Type: 5-9 Family
- Total Rooms: 21
- Status: Closed
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Additional Details
- Foundation: Stone
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Rg-5
- Road Frontage Type: Public
- Total Number of Units: 7
- Year Built Source: Public Records
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Amenities
- Covered Parking Spaces: 5
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $710,600
- Taxes: $9,771
- Tax Year: 2026
- Total Rent: $9,750
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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 RE/MAX Partners.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
