2 Preston St Worcester, MA 01610
University Park NeighborhoodEstimated payment $14,499/month
Highlights
- Deck
- Wood Flooring
- Balcony
- Property is near public transit and schools
- Corner Lot
- Bathtub with Shower
About This Home
Immaculate 10-unit investment opportunity just hit the market in the heart of Worcester, MA. This well-maintained multifamily property features a desirable mix of spacious 2- and 3-bedroom units, making it highly attractive to long-term tenants. The current monthly rent roll is 21009.00 with all units participating in Section 8, offering investors the benefit of stable income. Annual rent increases have already been submitted and approved effective 4/1/2026, BRINGING IN ANNUALLY 30,420 to thr bottom line. Properties of this size, condition, and income stability rarely come to market, especially in one of the fastest-growing cities in Massachusetts. Ideal for both seasoned investors and those looking to expand their portfolio with a strong, low-risk asset. First showings will take place during a group showing on Feburary 21,2026 at 11:00 am Don’t miss this exceptional opportunity to own a cornerstone investment in Worcester’s thriving multifamily market.
Open House Schedule
-
Saturday, February 21, 202611:00 am to 1:00 pm2/21/2026 11:00:00 AM +00:002/21/2026 1:00:00 PM +00:00GROUP SHOWING - please arrive for 11 am!Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,495
Year Built
- Built in 1900
Lot Details
- 2,863 Sq Ft Lot
- Corner Lot
Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Stone Foundation
- Tar and Gravel Roof
Interior Spaces
- 10,170 Sq Ft Home
- Insulated Windows
- Family Room
- Living Room
- Dining Room
- Storm Doors
- Range
- Washer and Electric Dryer Hookup
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 29 Bedrooms
- 10 Full Bathrooms
- Bathtub with Shower
Basement
- Interior Basement Entry
- Dirt Floor
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit and schools
Utilities
- No Cooling
- 1 Heating Zone
- Baseboard Heating
- Separate Meters
- High Speed Internet
Listing and Financial Details
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
- Assessor Parcel Number M:06 B:17C L:00044,1768374
Community Details
Overview
- 10 Units
- Property has 1 Level
Amenities
- Coin Laundry
Recreation
- Park
Building Details
- Electric Expense $2,402
- Insurance Expense $10,972
- Water Sewer Expense $12,800
- Operating Expense $71,382
- Net Operating Income $180,726
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 | $24,495 | $1,857,100 | $200,000 | $1,657,100 |
| 2024 | $18,497 | $1,345,200 | $700,000 | $645,200 |
| 2023 | $20,108 | $1,402,200 | $600,000 | $802,200 |
| 2022 | $17,756 | $1,167,400 | $550,000 | $617,400 |
| 2021 | $14,800 | $909,100 | $375,000 | $534,100 |
| 2020 | $13,372 | $786,600 | $375,000 | $411,600 |
| 2019 | $12,872 | $715,100 | $375,000 | $340,100 |
| 2018 | $13,158 | $695,800 | $375,000 | $320,800 |
| 2017 | $13,373 | $695,800 | $375,000 | $320,800 |
| 2016 | $9,083 | $440,700 | $137,500 | $303,200 |
| 2015 | $8,845 | $440,700 | $137,500 | $303,200 |
| 2014 | $8,611 | $440,700 | $137,500 | $303,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/09/2026 02/09/26 | For Sale | $2,399,000 | +35.2% | $236 / Sq Ft | |
| 06/09/2023 06/09/23 | Sold | $1,775,000 | -10.8% | $175 / Sq Ft | View Prior Sale |
| 04/20/2023 04/20/23 | For Sale | $1,990,000 | 0.0% | $196 / Sq Ft | |
| 04/19/2023 04/19/23 | Pending | -- | -- | -- | |
| 04/17/2023 04/17/23 | Pending | -- | -- | -- | |
| 04/11/2023 04/11/23 | For Sale | $1,990,000 | +261.8% | $196 / Sq Ft | |
| 02/01/2017 02/01/17 | Sold | $550,000 | -7.6% | $54 / Sq Ft | View Prior Sale |
| 12/08/2016 12/08/16 | Pending | -- | -- | -- | |
| 09/19/2016 09/19/16 | Price Changed | $595,000 | -4.8% | $59 / Sq Ft | |
| 07/25/2016 07/25/16 | Price Changed | $625,000 | -3.8% | $61 / Sq Ft | |
| 06/28/2016 06/28/16 | For Sale | $650,000 | -- | $64 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73475427
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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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