B
Seller's Agent in 2022
Brendan Melican
Northbound Realty Co
(508) 579-4828
1 in this area
11 Total Sales
18 Walnut St Worcester, MA 01608
Downtown Worcester Neighborhood
35
Beds
12
Baths
9,999
Sq Ft
5,174
Sq Ft Lot
Highlights
- City View
- Property is near public transit
- Corner Lot
- Granite Flooring
- 12 Fireplaces
- Park
About This Home
As of September 2022Incredible investment opportunity in this well maintained twelve unit apartment building located in the heart of Downtown Worcester. Current use is primarily college student housing. Property is perfectly suited to meet the need for in demand market rate apartments or condominiums. A short walk from Mechanics Hall, Worcester Medical Center, Worcester Common, the DCU Center, award winning restaurants, Worcester Art Museum, a number of colleges, Canal District and the new Polar Park. Beautiful hardwoods throughout, recent roof, and multiple systems upgrades. Original elevator intact, but out of service during current ownership. Two (1) and three (11) bedroom units currently leased at below market rates with utilities included. Units have metered electric and gas. Common laundry with coin operated washers and dryers for building.Fully occupied, showings by appointment only.
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,087
Year Built
- Built in 1910
Lot Details
- 5,174 Sq Ft Lot
- Corner Lot
Home Design
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
- Stone
Interior Spaces
- 9,999 Sq Ft Home
- 12 Fireplaces
- Wood Burning Fireplace
- City Views
- Laundry Room
Flooring
- Wood
- Granite
Bedrooms and Bathrooms
- 35 Bedrooms
- 12 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
- Block Basement Construction
Parking
- On-Street Parking
- Open Parking
Location
- Property is near public transit
Utilities
- Heating Available
- 100 Amp Service
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $15,100
- Rent includes unit 1(heat electric water), unit 2(heat electric water)
- Assessor Parcel Number M:02 B:027 L:00047,1762995
Community Details
Overview
- 12 Units
- Property has 1 Level
Recreation
- Park
Additional Features
- Shops
- Net Operating Income $25,800
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2022 09/29/22 | Sold | $1,600,000 | -15.8% | $160 / Sq Ft |
| 05/20/2021 05/20/21 | Pending | -- | -- | -- |
| 05/13/2021 05/13/21 | For Sale | $1,900,000 | -- | $190 / 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 | $23,877 | $1,810,200 | $600,000 | $1,210,200 |
| 2024 | $22,686 | $1,649,900 | $600,000 | $1,049,900 |
| 2023 | $33,081 | $2,306,900 | $900,000 | $1,406,900 |
| 2022 | $31,860 | $2,094,700 | $840,000 | $1,254,700 |
| 2021 | $26,087 | $1,602,400 | $840,000 | $762,400 |
| 2020 | $23,599 | $1,388,200 | $840,000 | $548,200 |
| 2019 | $22,716 | $1,262,000 | $840,000 | $422,000 |
| 2018 | $23,189 | $1,226,300 | $840,000 | $386,300 |
| 2017 | $23,569 | $1,226,300 | $840,000 | $386,300 |
| 2016 | $14,035 | $681,000 | $210,000 | $471,000 |
| 2015 | $13,668 | $681,000 | $210,000 | $471,000 |
| 2014 | $13,307 | $681,000 | $210,000 | $471,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brendan Melican
-
N
Buyer's Agent in 2022
Non Member
Non Member Office
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72831481
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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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