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
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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

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 $8,046 $610,000 $88,200 $521,800
2024 $7,503 $545,700 $88,200 $457,500
2023 $7,250 $505,600 $48,100 $457,500
2022 $6,966 $458,000 $38,500 $419,500
2021 $6,875 $422,300 $30,800 $391,500
2020 $4,750 $279,400 $28,500 $250,900
2019 $4,806 $267,000 $26,500 $240,500
2018 $4,510 $238,500 $26,500 $212,000
2017 $4,213 $219,200 $26,500 $192,700
2016 $4,017 $194,900 $38,000 $156,900
2015 $3,912 $194,900 $38,000 $156,900
2014 $3,808 $194,900 $38,000 $156,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73296404

MLS Property Information Network (MLS PIN)