5 Claremont Street
$1,345,000
17
Beds
4
Baths
10,450
Sqft
- Request Info
- Call
- Save
-
More
- Mortgage Calculator
Property Tools
$1,345,000
17
Beds
4
Baths
10,450
Living Area
-
Property Description
Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.
-
Highlights
- Area: South Worcester
- Parking Spots: 17
- Property Type: 5+ Family - Rooming House
- Total Rooms: 30
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1896
-
Additional Details
- Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
- Flooring: Hardwood
- Lot Features: Corner Lot, Additional Land Avail., Gentle Sloping
- SqFt Source: Public Record
- Year Built Details: Actual, Certified Historic
- Zoning: Rg-5
- Construction: Frame
- Foundation: Concrete Perimeter, Stone, Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 17
- Year Built Source: Public Records
-
Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
- Parking Features: Paved Drive, Shared Driveway, Off Street, Common, Paved
-
Utilities
- Electric: 220 Volts, Circuit Breakers, Common
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $1,168,000
- Taxes: $16,560
- Tax Year: 2025
- Total Rent: $15,365
Similar Listings
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 - Belmont.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.