Justin Panarelli
Panarelli Properties, Inc.
(774) 300-3076
51 Total Sales
1 in Main South
$350,000 Price
16 Gates St Worcester, MA 01610
Main South Neighborhood
11
Beds
4
Baths
4,480
Sq Ft
0.33
Acre Lot
About This Home
As of September 2025Don't miss this great investment opportunity steps from Clark University! This large 4 family with three 3 bed units and a 2 bed unit is fully rented with room for improvements and rent increases in coming months. The property offers a great level backyard abutting the park with .33 acres offering expansion opportunities with an attached or detached ADU. Two other properties one street over being offered by seller at 21 Grand & 27 Grand Street for a potential 3 property 10 unit portfolio opportunity. Call for details.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,949
Year Built
- Built in 1910
Lot Details
- 14,280 Sq Ft Lot
Home Design
- Quadruplex
- Brick Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,480 Sq Ft Home
- Property has 1 Level
- Partially Finished Basement
Bedrooms and Bathrooms
- 11 Bedrooms
- 4 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Listing and Financial Details
- Total Actual Rent $7,200
- Assessor Parcel Number M:07 B:007 L:00005,1768661
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $1,500
- Water Sewer Expense $3,100
- Operating Expense $14,760
- Net Operating Income $60,000
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
Jul 15, 2025
Closed on
Sep 11, 2025
Sold by
Bought by
Seller's Agent
Tracy Barber
Real Broker MA, LLC
Buyer's Agent
The Lux Group
Real Broker MA, LLC
List Price
$860,000
Sold Price
$837,500
Premium/Discount to List
-$22,500
-2.62%
Views
24
Purchase Details
Listed on
Apr 12, 2015
Closed on
Jun 1, 2015
Sold by
Bought by
Seller's Agent
Wei Gao
HMW Real Estate, LLC
Buyer's Agent
Wei Gao
HMW Real Estate, LLC
List Price
$399,000
Sold Price
$399,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$285,750
Interest Rate
3.65%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 12, 2014
Closed on
Nov 21, 2014
Sold by
Bought by
Seller's Agent
Rich Trifone
RE/MAX Vision
Buyer's Agent
Wei Gao
HMW Real Estate, LLC
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%
Original Mortgage
$225,000
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 27, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.51%
Mortgage Type
Commercial
Purchase Details
Listed on
Apr 12, 2012
Closed on
Aug 3, 2012
Sold by
Bought by
Seller's Agent
Jason Saphire
Saphire Hospitality, Inc.
Buyer's Agent
Rich Trifone
RE/MAX Vision
List Price
$375,000
Sold Price
$320,000
Premium/Discount to List
-$55,000
-14.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
3.76%
Mortgage Type
Commercial
Purchase Details
Listed on
Apr 12, 2012
Closed on
Jul 13, 2012
Sold by
Bought by
Seller's Agent
Jason Saphire
Saphire Hospitality, Inc.
Buyer's Agent
Rich Trifone
RE/MAX Vision
List Price
$375,000
Sold Price
$320,000
Premium/Discount to List
-$55,000
-14.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
3.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 19, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 19, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Main South, MA
-
Justin Panarelli
-
Elaine Evans Group
Elaine Evans Group
RE/MAX Generations
(774) 307-7101
155 Total Sales
1 in Main South
$630,000 Price
-
Jose Rojas
Jose Rojas
William Raveis R.E. & Home Services
(781) 404-3627
68 Total Sales
1 in Main South
$515,000 Price
-
Myai Emery-Le
Myai Emery-Le
Emery-Le Team Realty, LLC
(508) 552-4898
41 Total Sales
2 in Main South
$595K - $600K Price Range
-
Kelly Nelson
Kelly Nelson
Blue Sky Realty
(774) 772-5572
55 Total Sales
1 in Main South
$1,175,000 Price
-
Rachel Hillman Foy
Rachel Hillman Foy
Hillman Homes
(774) 806-8325
138 Total Sales
1 in Main South
$795,000 Price
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 |
|---|---|---|---|
| $837,500 | -- | ||
| $399,000 | -- | ||
| $380,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| $320,000 | -- | ||
| $138,553 | -- | ||
| -- | -- | ||
| $52,000 | -- |
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 |
|---|---|---|---|
| Closed | $400,000 | ||
| Previous Owner | $285,750 | ||
| Previous Owner | $225,000 | ||
| Previous Owner | $215,000 | ||
| Closed | $215,000 | ||
| Previous Owner | $17,000 | ||
| Previous Owner | $216,000 | ||
| Closed | $650,000 | ||
| Closed | $100,000 | ||
| Previous Owner | $130,000 | ||
| Closed | $114,000 | ||
| Previous Owner | $15,400 | ||
| Previous Owner | $10,229 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/11/2025 09/11/25 | Sold | $837,500 | -2.6% | $187 / Sq Ft | |
| 07/22/2025 07/22/25 | Pending | -- | -- | -- | |
| 07/15/2025 07/15/25 | For Sale | $860,000 | +115.5% | $192 / Sq Ft | |
| 05/29/2015 05/29/15 | Sold | $399,000 | 0.0% | $89 / Sq Ft | View Prior Sale |
| 04/29/2015 04/29/15 | Pending | -- | -- | -- | |
| 04/12/2015 04/12/15 | For Sale | $399,000 | +5.0% | $89 / Sq Ft | |
| 11/21/2014 11/21/14 | Sold | $380,000 | -4.8% | $85 / Sq Ft | View Prior Sale |
| 10/22/2014 10/22/14 | Pending | -- | -- | -- | |
| 09/12/2014 09/12/14 | For Sale | $399,000 | +24.7% | $89 / Sq Ft | |
| 07/13/2012 07/13/12 | Sold | $320,000 | -14.7% | $71 / Sq Ft | View Prior Sale |
| 06/13/2012 06/13/12 | Pending | -- | -- | -- | |
| 04/12/2012 04/12/12 | For Sale | $375,000 | -- | $84 / 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 | $8,949 | $678,500 | $59,500 | $619,000 |
| 2024 | $8,229 | $598,500 | $59,500 | $539,000 |
| 2023 | $9,051 | $631,200 | $93,100 | $538,100 |
| 2022 | $7,851 | $516,200 | $74,500 | $441,700 |
| 2021 | $8,002 | $491,500 | $59,600 | $431,900 |
| 2020 | $7,218 | $424,600 | $55,200 | $369,400 |
| 2019 | $8,017 | $445,400 | $59,100 | $386,300 |
| 2018 | $7,560 | $399,800 | $59,100 | $340,700 |
| 2017 | $7,092 | $369,000 | $59,100 | $309,900 |
| 2016 | $6,680 | $324,100 | $37,000 | $287,100 |
| 2015 | $6,133 | $305,600 | $37,000 | $268,600 |
| 2014 | -- | $305,600 | $37,000 | $268,600 |
Source: Public Records
Agents Affiliated with this Home
-
Tracy Barber
Seller's Agent in 2025
Tracy Barber
Real Broker MA, LLC
(978) 400-1617
3 in this area
43 Total Sales
-
The Lux Group
T
Buyer's Agent in 2025
The Lux Group
Real Broker MA, LLC
(855) 450-0442
1 in this area
37 Total Sales
-
W
Seller's Agent in 2015
Wei Gao
HMW Real Estate, LLC
-
Rich Trifone
Seller's Agent in 2014
Rich Trifone
Re/Max Vision
(508) 450-2152
1 in this area
100 Total Sales
-
Jason Saphire
Seller's Agent in 2012
Jason Saphire
Saphire Hospitality, Inc.
(877) 249-5478
1,988 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73404412
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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