1 Cheney St Worcester, MA 01610
Beacon Brightly NeighborhoodEstimated payment $4,873/month
Highlights
- Property is near public transit
- Park
- Coin Laundry
- Wood Flooring
- Shops
- 5-minute walk to Crystal Park
About This Home
*Ask about 1st Time Homebuyer programs w/ grants up to $50,000, 3% down payment & closing costs covered* Exceptional investment or owner-occupant opportunity in the heart of Worcester! Perfectly situated just steps from Clark University within the tuition-free zone, this property draws consistent rental demand from students, professionals, and families alike. The well-maintained three-family home offers spacious 4-bedroom units, each with in-unit laundry and separate utilities for added convenience. Enjoy five off-street parking spaces—a rare amenity in this neighborhood. With market rents of approximately $2,500 per unit, the property projects a cap rate of 8–9%. Conveniently located near public transportation, shopping, restaurants, and major highways—this is an exceptional income-producing opportunity in one of Worcester’s fastest-growing areas.
Listing Agent
Johnny Long
PRIVI Realty LLC Listed on: 11/11/2025
Open House Schedule
-
Saturday, November 22, 202511:30 am to 1:00 pm11/22/2025 11:30:00 AM +00:0011/22/2025 1:00:00 PM +00:00Add to Calendar
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Sunday, November 23, 202512:00 to 1:30 pm11/23/2025 12:00:00 PM +00:0011/23/2025 1:30:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,885
Year Built
- Built in 1915
Lot Details
- 4,818 Sq Ft Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,368 Sq Ft Home
- Property has 1 Level
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 12 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
Parking
- 5 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number M:07 B:005 L:00031,1768605
Community Details
Amenities
- Shops
- Coin Laundry
Recreation
- Park
Additional Features
- 3 Units
- Net Operating Income $74,268
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,885 | $597,800 | $52,400 | $545,400 |
| 2024 | $6,859 | $498,800 | $52,400 | $446,400 |
| 2023 | $6,535 | $455,700 | $41,400 | $414,300 |
| 2022 | $5,696 | $374,500 | $33,200 | $341,300 |
| 2021 | $5,104 | $313,500 | $26,500 | $287,000 |
| 2020 | $4,126 | $242,700 | $26,500 | $216,200 |
| 2019 | $4,172 | $231,800 | $25,300 | $206,500 |
| 2018 | $4,058 | $214,600 | $25,300 | $189,300 |
| 2017 | $3,781 | $196,700 | $25,300 | $171,400 |
| 2016 | $3,648 | $177,000 | $17,800 | $159,200 |
| 2015 | $3,552 | $177,000 | $17,800 | $159,200 |
| 2014 | $3,459 | $177,000 | $17,800 | $159,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/11/2025 11/11/25 | For Sale | $799,999 | +26.4% | $183 / Sq Ft | |
| 02/10/2023 02/10/23 | Sold | $633,000 | +2.3% | $145 / Sq Ft | View Prior Sale |
| 12/23/2022 12/23/22 | Pending | -- | -- | -- | |
| 12/03/2022 12/03/22 | For Sale | $619,000 | +234.6% | $142 / Sq Ft | |
| 03/28/2014 03/28/14 | Sold | $185,000 | -7.5% | $42 / Sq Ft | View Prior Sale |
| 02/26/2014 02/26/14 | Pending | -- | -- | -- | |
| 12/05/2013 12/05/13 | For Sale | $199,900 | +172.0% | $45 / Sq Ft | |
| 04/24/2012 04/24/12 | Sold | $73,500 | +2.1% | $17 / Sq Ft | View Prior Sale |
| 03/25/2012 03/25/12 | Pending | -- | -- | -- | |
| 03/05/2012 03/05/12 | For Sale | $72,000 | -- | $16 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $185,000 | -- | |
| Not Resolvable | $73,500 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $346,657 | -- | |
| Deed | $330,000 | -- | |
| Deed | $345,000 | -- | |
| Deed | $295,000 | -- | |
| Deed | $107,000 | -- | |
| Deed | $126,500 | -- | |
| Deed | $126,500 | -- | |
| Deed | $129,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $129,500 | New Conventional | |
| Previous Owner | $327,750 | Purchase Money Mortgage | |
| Previous Owner | $290,400 | Purchase Money Mortgage | |
| Previous Owner | $156,000 | No Value Available | |
| Previous Owner | $112,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73453782
APN: WORC-000007-000005-000031
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