NOT LISTED FOR SALE
8 Beds
7 Baths
5,000 Sq Ft
5,566 Sq Ft Lot

Last Sold October 31, 2023

Last sale price $890,000 $178 Per Sq Ft

11 Days on Market

Highlights

  • Golf Course Community
  • Deck
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • Jogging Path

About This Home

As of October 2023

ATTENTION INVESTORS! Well Maintained 7 unit property located on the westside of Worcester with excellent proximity to colleges; WPI, Worcester State University, MCPHS, along with Elm Park, Worcester Regional Airport, and downtown! Property is fully rented with a cap rate of 7.5% with room for growth! (6) 1-bedroom units and (1) single family 2-bedroom detached property behind with off street parking and a fully fenced in yard. All (6) 1-bedroom units have great sized layouts, high ceilings and a mixture of hardwood, tile, and vinyl flooring. Updates include; single family full interior remodel and roof (2022). Updates to 6 Unit building include; Exterior front porch and work on rear porches (2022), 40 gallon gas hot water heater (2021), new gas heater 2nd floor rear (2022), Common area paint (2023). All units have individual 100amp electrical panels along with a separate owner's panel.

Last Agent to Sell the Property

Paul Napieralski

The Neighborhood Realty Group Listed on: 08/09/2023

The Neighborhood Realty Group

Co-Listed By

Jill Napieralski

The Neighborhood Realty Group

Last Buyer's Agent

Kevin Kalaghan

Real Broker MA, LLC

Real Broker MA, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,965

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 5,566 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 5,000 Sq Ft Home
  • Window Screens
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Dirt Floor

Parking

  • 4 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Elm Park Elm. Elementary School
  • Worcester Mid Middle School
  • Doherty High School

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $7,576
  • Rent includes unit 1(water other (see remarks)), unit 2(water hot water other (see remarks)), unit 3(water hot water other (see remarks)), unit 4(water hot water other (see remarks))
  • Assessor Parcel Number M:06 B:002 L:00034,1766793

Community Details

Overview

  • 7 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $249
  • Insurance Expense $6,581
  • Water Sewer Expense $2,417
  • Operating Expense $20,558
  • Net Operating Income $71,354

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,965

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Property Condition: Unit 1 Remodeled
  • Year Built: 1920
  • Buyer Agency: 2
  • Sub Agent Compensation: 2
  • Transaction Broker: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Tile,Vinyl,Laminate,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Tile Floor,Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Slider), Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 3(Ceiling Fans,Upgraded Countertops,Bathroom With Tub & Shower), Unit 4(Ceiling Fans,Walk-In Closet,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Total Bedrooms: 8
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Total Bathrooms: 7
  • Laundry Features: Unit 1(Washer & Dryer Hookup)
  • Basement: Full, Sump Pump, Dirt Floor
  • Living Area: 5000
  • Spa YN: No
  • Stories Total: 7
  • Window Features: Screens
  • MAIN LO: AN3365
  • LIST PRICE PER Sq Ft: 184.98
  • PRICE PER Sq Ft: 178
  • MAIN SO: AN6797

Exterior Features

  • Exterior Features: Porch,Deck,Deck - Wood,Screens,Fenced Yard
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck, Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Ductless Mini-Split System), Unit 4(Window AC)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Gas), Unit 3(Electric,Ductless Mini-Split System), Unit 4(Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University
  • Rent Includes: Unit 1(Water,Other (See Remarks)), Unit 2(Water,Hot Water,Other (See Remarks)), Unit 3(Water,Hot Water,Other (See Remarks)), Unit 4(Water,Hot Water,Other (See Remarks))
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2417

Lot Info

  • Parcel Number: M:06 B:002 L:00034,1766793
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5566
  • Lot Size Units: Acres
  • PAGE: 338
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8965
  • Tax Book Number: 25262

Multi Family

  • Electric Expense: 249
  • Gross Income: 90912
  • Insurance Expense: 6581
  • Net Operating Income: 71354
  • Number Of Units Total: 7
  • Operating Expense: 20558
  • Total Actual Rent: 7576
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 1

MLS Schools

  • High School: Doherty H.S.
  • Elementary School: Elm Park Elm.
  • Middle Or Junior School: Worcester Mid

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
10/31/2023 10/31/23 Sold $890,000 -3.8% $178 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/13/2023 08/13/23 For Sale $924,900 0.0% $185 / Sq Ft
08/13/2023 08/13/23 Off Market $924,900 -- --
08/09/2023 08/09/23 For Sale $924,900 -- $185 / 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: 73146580

MLS Property Information Network (MLS PIN)