1 Ludlow St Worcester, MA 01603
Webster Square NeighborhoodEstimated payment $6,537/month
Highlights
- Medical Services
- Granite Flooring
- Property is near public transit
- City View
- Deck
- Corner Lot
About This Home
Five-unit investment property in Worcester with four units occupied and one freshly renovated, move-in ready vacant unit with projected market rent. The building has been extensively updated with improvements to the windows, insulation, plumbing, electrical, kitchens, and baths. The roof has also been replaced recently, and the parking area has been freshly paved. Each unit has separate utilities and dedicated hot water heaters. Exterior features include a wood deck, garden space, stone wall, and a paved driveway with parking for 12 cars. The full basement includes laundry hookups and a rear walk-out, plus there is approximately 750 sq ft of additional space that could potentially be turned into a sixth unit (buyers to do their own due diligence). Convenient location near public transit, shopping, schools, universities, and major highways. Check the Facts & Features drop-down for the virtual tour.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,434
Year Built
- Built in 1900
Lot Details
- 7,840 Sq Ft Lot
- Near Conservation Area
- Stone Wall
- Corner Lot
- Garden
Home Design
- Brick Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,640 Sq Ft Home
- Living Room
- City Views
Flooring
- Wood
- Carpet
- Laminate
- Granite
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Parking
- 12 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Deck
- No Cooling
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Electric Expense $3,000
- Insurance Expense $6,191
- Water Sewer Expense $1,650
- Operating Expense $10,691
- Net Operating Income $93,109
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2025 10/08/25 | Pending | -- | -- | -- |
| 10/01/2025 10/01/25 | Price Changed | $1,125,000 | -6.3% | $309 / Sq Ft |
| 09/17/2025 09/17/25 | For Sale | $1,200,000 | -- | $330 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73432143
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