$1,585,000
17
Beds
7
Baths
5,682
Living Area
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Property Description
This well-maintained 7-unit property consists of three 3-bedroom/1-bathroom and four 2-bedroom/1-bathroom units, totaling 5,682 sq ft of living space. Notably, all units have undergone extensive renovations, mostly featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. It is separately metered for heat and electric, with the owner only responsible for hot water. The property also includes off-street parking. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $13,145 monthly. Centrally located, it’s within less than a mile of WPI and a short walk from Elm Park and other downtown amenities. Listed at a 7.35 cap rate, this property represents a valuable investment a growing Worcester market.
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Highlights
- Parking Spots: 3
- Property Type: 5-9 Family
- Year Built: 1890
- Property Class: Residential Income
- Total Rooms: 31
- Status: Closed
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Additional Details
- Foundation: Stone
- Total Number of Units: 7
- Year Built Source: Public Records
- Lot Features: Gentle Sloping
- Year Built Details: Approximate
- Zoning: Rg-5
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, University
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $690,700
- Compensation Based On: Net Sale Price
- Taxes: $9,497
- Buyer Agent Compensation: 2%
- Tax Year: 2024
- Total Rent: $13,145
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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 Berkshire Hathaway HomeServices Commonwealth Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.