1038 Main St Worcester, MA 01603
University Park NeighborhoodEstimated payment $7,196/month
Highlights
- Property is near public transit and schools
- Corner Lot
- Park
- Wood Flooring
About This Home
Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include newer vinyl siding, newer vinyl replacement windows, and a newer rubber roof. Interiors feature fresh paint, recently refinished hardwood floors, and updated hardware. Two parking spots (tandem) behind property can provide additional rental income. Ideal for investors seeking a hassle-free, income-producing asset in a vibrant area with strong rental demand from students and professionals.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,839
Year Built
- Built in 1920
Lot Details
- 3,813 Sq Ft Lot
- Corner Lot
Home Design
- Rooming House
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 5,802 Sq Ft Home
- Wood Flooring
- Unfinished Basement
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number 1769972
Community Details
Overview
- 6 Units
- Property has 1 Level
Recreation
- Park
Building Details
- Operating Expense $33,639
- Net Operating Income $128,400
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,925 | $979,900 | $112,500 | $867,400 |
| 2024 | $11,648 | $847,100 | $40,500 | $806,600 |
| 2023 | $8,696 | $606,400 | $25,400 | $581,000 |
| 2022 | $8,677 | $570,500 | $21,200 | $549,300 |
| 2021 | $6,782 | $416,600 | $21,200 | $395,400 |
| 2020 | $5,438 | $319,900 | $21,200 | $298,700 |
| 2019 | $5,485 | $304,700 | $20,300 | $284,400 |
| 2018 | $5,597 | $296,000 | $20,300 | $275,700 |
| 2017 | $5,689 | $296,000 | $20,300 | $275,700 |
| 2016 | $6,070 | $294,500 | $43,200 | $251,300 |
| 2015 | $5,596 | $278,800 | $27,500 | $251,300 |
| 2014 | $5,448 | $278,800 | $27,500 | $251,300 |
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 |
|---|---|---|---|---|
| 05/14/2026 05/14/26 | Price Changed | $1,100,000 | -4.3% | $190 / Sq Ft |
| 03/19/2026 03/19/26 | For Sale | $1,150,000 | -- | $198 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73489300
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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