NOT LISTED FOR SALE
6 Beds
6 Baths
5,328 Sq Ft
3,577 Sq Ft Lot

Last Sold December 20, 2024

Last sale price $995,000 $187 Per Sq Ft

13 Days on Market

About This Home

As of December 2024

This well-located 6-unit property at 19 Ward Street in Worcester, Massachusetts, consists of six 2-bedroom/1-bathroom units, totaling 5,328 sq. ft. of living space on a 0.08-acre parcel. Each unit is separately metered for heat, hot water, and electricity, with all utilities paid directly by the tenants. The property also benefits from a roof that is less than five years old and has lead certificates for all units.Three of the six units have been extensively renovated, featuring new kitchens with granite countertops and stainless steel appliances, updated bathrooms, and new flooring. There is an opportunity to increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units to a property already boasting a monthly rent roll of $9,350. Listed at an 8.13% cap rate, this property represents a strong investment opportunity in the growing Worcester market.

Last Agent to Sell the Property

Ethan Lazar

Horvath & Tremblay Listed on: 11/01/2024

Last Buyer's Agent

Ethan Lazar

Horvath & Tremblay Listed on: 11/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,228

Year Built

  • Built in 1900

Lot Details

  • 3,577 Sq Ft Lot
  • Level Lot

Home Design

  • 5,328 Sq Ft Home
  • Brick Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Listing and Financial Details

  • Total Actual Rent $6,300
  • Assessor Parcel Number M:05 B:018 L:00005,1765858

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Building Details

  • Electric Expense $180
  • Insurance Expense $6,564
  • Water Sewer Expense $2,513
  • Operating Expense $25,258
  • Net Operating Income $81,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,228

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Living Area: 5328
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN2723
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2513

Lot Info

  • Parcel Number: M:05 B:018 L:00005,1765858
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3577
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8228

Multi Family

  • Electric Expense: 180
  • Insurance Expense: 6564
  • Net Operating Income: 81332
  • Number Of Units Total: 6
  • Operating Expense: 25258
  • Total Actual Rent: 6300
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
12/20/2024 12/20/24 Sold $995,000 -0.5% $187 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $1,000,000 +206.7% $188 / Sq Ft
04/07/2017 04/07/17 Sold $326,000 +2.2% $61 / Sq Ft View Prior Sale
03/04/2017 03/04/17 Pending -- -- --
01/31/2017 01/31/17 Price Changed $319,000 -3.0% $60 / Sq Ft
01/24/2017 01/24/17 Price Changed $329,000 -5.7% $62 / Sq Ft
01/20/2017 01/20/17 For Sale $349,000 -- $65 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73308996

MLS Property Information Network (MLS PIN)