1038 Main St Worcester, MA 01603
University Park NeighborhoodEstimated payment $7,335/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
- Net Operating Income $108,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $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
| Date | Event | Price | List to Sale | Price per 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
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Ask me questions while you tour the home.