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

Sale Details

Date 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

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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

7,200 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Dec 23, 2024
Sold by
Eastham5 Investments Llc
Bought by
Seller's Agent
Ethan Lazar
Horvath & Tremblay
Buyer's Agent
Ethan Lazar
Horvath & Tremblay
List Price
$850,000
Sold Price
$870,000
Premium/Discount to List
$20,000
2.35%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Outstanding Balance
$641,969
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2021
Sold by
Limark Realty Llc
Bought by
Eastham5 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 8, 2013
Closed on
Jun 21, 2013
Sold by
Domiano Colleen
Bought by
Limark Realty Llc
Seller's Agent
William Callahan
RE/MAX Vision
Buyer's Agent
sophie kozaczka
Keller Williams Pinnacle Central
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%

Purchase Details

Closed on
Aug 7, 1998
Sold by
Murphy John P
Bought by
Domiano Dean F
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$870,000 None Available
Eastham5 Investments Llc $625,000 None Available
Limark Realty Llc $200,000 --
Domiano Dean F $100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $652,500
Previous Owner Eastham5 Investments Llc $468,750
Closed Limark Realty Llc $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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 -- $225 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73296404

MLS Property Information Network (MLS PIN)
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