NOT LISTED FOR SALE

18 Walnut St Worcester, MA 01608

Downtown Worcester Neighborhood
35 Beds
12 Baths
9,999 Sq Ft
5,174 Sq Ft Lot

Last Sold September 29, 2022

Last sale price $1,600,000 $160 Per Sq Ft

7 Days on Market

Highlights

  • City View
  • Property is near public transit
  • Corner Lot
  • Granite Flooring
  • 12 Fireplaces
  • Park

About This Home

As of September 2022

Incredible 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 Listed By

Brendan Melican

Northbound Realty Co Listed on: 05/13/2021

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,087

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1910
  • Buyer Agency: 2.5
  • Transaction Broker: 2.5
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Other, Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace Features: Unit 1(Fireplace - Wood burning), Unit 2(Fireplace - Wood burning)
  • Fireplace YN: Yes
  • Fireplaces: 12
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 35
  • Full Bathrooms: 12
  • Total Bathrooms: 12
  • Total Bathrooms: 12
  • Laundry Features: Laundry Room
  • Basement: Full, Walk-Out Access, Interior Entry, Dirt Floor, Concrete, Unfinished
  • Living Area: 9999
  • Stories Total: 6
  • MAIN LO: AN0278
  • LIST PRICE PER Sq Ft: 190.02
  • PRICE PER Sq Ft: 160.02
  • MAIN SO: H11111

Exterior Features

  • Construction Materials: Brick, Stone
  • Foundation Details: Brick/Mortar, Granite
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard)
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, House of Worship, T-Station, Sidewalks
  • Rent Includes: Unit 1(Heat,Electric,Water), Unit 2(Heat,Electric,Water)

Lot Info

  • Parcel Number: M:02 B:027 L:00047,1762995
  • Zoning: BO-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5174
  • Lot Size Units: Acres
  • PAGE: 32
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 26087
  • Tax Book Number: 39945

Multi Family

  • Gross Income: 25800
  • Net Operating Income: 25800
  • Number Of Units Total: 12
  • Total Actual Rent: 15100
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brendan Melican

    Northbound Realty Co

    (508) 579-4828

    1 in this area

    10 Total Sales

    Brendan Melican
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member Office

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72831481

MLS Property Information Network (MLS PIN)

Massachusetts Worcester County Worcester 01608 Downtown Worcester

18 Walnut St, Worcester, MA

Homes for Sale in Worcester, MA

This home is located at 18 Walnut St, Worcester, MA 01608 since 13 May 2021. This property was built in 1910. 18 Walnut St is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Magnet, and Elm Park Elementary School.

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.

MLS Property Information Network (MLS PIN) 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.