NOT LISTED FOR SALE
8 Beds
5 Baths
3,780 Sq Ft
7,200 Sq Ft Lot

Last Sold December 23, 2024

Last sale price $870,000 $230 Per Sq Ft

13 Days on Market

About This Home

As of December 2024

This well-located 5-unit property consists of one 4-bedroom/1-bathroom unit and four 1-bedroom/1-bathroom units, totaling 3,780 sq. ft. of living space. Each unit is separately metered for heat, hot water, and electricity. Additionally, there is ample off-street parking for tenants. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $8,020 monthly. Listed at an 8.2% cap rate, this property represents a valuable investment in the growing Worcester market.

Last Agent to Sell the Property

Ethan Lazar

Horvath & Tremblay Listed on: 09/30/2024

Last Buyer's Agent

Ethan Lazar

Horvath & Tremblay Listed on: 09/30/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,503

Year Built

  • Built in 1930

Lot Details

  • 7,200 Sq Ft Lot
  • Sloped Lot

Home Design

  • 3,780 Sq Ft Home
  • Brick Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • Property is near schools
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $8,020
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:15 B:013 L:00019,1776896

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Building Details

  • Electric Expense $550
  • Insurance Expense $5,300
  • Water Sewer Expense $1,652
  • Operating Expense $21,755
  • Net Operating Income $69,673

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,503

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1930
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 11

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Living Area: 3780
  • Spa YN: No
  • Stories Total: 11
  • MAIN LO: AN2723
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1652

Lot Info

  • Parcel Number: M:15 B:013 L:00019,1776896
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7200
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7503

Multi Family

  • Electric Expense: 550
  • Insurance Expense: 5300
  • Net Operating Income: 69673
  • Number Of Units Total: 5
  • Operating Expense: 21755
  • Total Actual Rent: 8020
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2024 12/23/24 Sold $870,000 +2.4% $230 / Sq Ft
10/13/2024 10/13/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $850,000 +325.0% $225 / Sq Ft
06/27/2013 06/27/13 Sold $200,000 -9.1% $52 / Sq Ft View Prior Sale
05/28/2013 05/28/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $220,000 -- $57 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73296404

MLS Property Information Network (MLS PIN)