22 Florence St Worcester, MA 01610
University Park NeighborhoodEstimated payment $6,282/month
Highlights
- Community Stables
- Property is near golf course, public transit, and schools
- Tennis Courts
- Medical Services
- Community Pool
- Jogging Path
About This Home
The multi-story building contains five (5) 2-Bedroom/1-Bathroom units with 3,254 square feet of gross living area in 5,526 square feet of gross area. The Property is situated upon a 0.16-acre parcel and has on-street parking. All five units were recently renovated. Renovations include brand new kitchens, new flooring, and new bathrooms. Several of the units were also upgraded with brand new mini split air conditioning units. The Property is currently fully occupied at slightly below market rents offering upside to the purchaser with little to no additional expenditure needed. Net operating income is further improved by separately metered heat, hot water, and electricity which the tenants pay directly. The owner is only responsible for domestic water & sewer. 22 Florence Street is well-positioned in Worcester's established Vernon Hill neighborhood just steps from Clark University. This offers convenient access to downtown Worcester, neighborhood retail corridors, and surrounding residential communities. The opportunity exists to acquire a well maintained and recently improved asset in a desirable urban market. Listed at an 8.34% cap rate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,635
Year Built
- Built in 1890
Home Design
- 3,254 Sq Ft Home
- Shingle Roof
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Natural Gas
- Separate Meters
Additional Features
- 6,900 Sq Ft Lot
- Property is near golf course, public transit, and schools
- Unfinished Basement
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number 1768167
Community Details
Overview
- 5 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $360
- Insurance Expense $6,110
- Water Sewer Expense $2,220
- Operating Expense $27,100
- Net Operating Income $83,420
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,429 | $563,200 | $87,400 | $475,800 |
| 2024 | $6,949 | $505,400 | $87,400 | $418,000 |
| 2023 | $6,692 | $466,700 | $47,600 | $419,100 |
| 2022 | $5,888 | $387,100 | $38,100 | $349,000 |
| 2021 | $5,690 | $349,500 | $30,500 | $319,000 |
| 2020 | $4,716 | $277,400 | $28,200 | $249,200 |
| 2019 | $4,774 | $265,200 | $26,200 | $239,000 |
| 2018 | $4,482 | $237,000 | $26,200 | $210,800 |
| 2017 | $4,190 | $218,000 | $26,200 | $191,800 |
| 2016 | $4,328 | $210,000 | $37,800 | $172,200 |
| 2015 | $4,215 | $210,000 | $37,800 | $172,200 |
| 2014 | $4,103 | $210,000 | $37,800 | $172,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2026 08/19/26 | Pending | -- | -- | -- |
| 08/11/2026 08/11/26 | For Sale | $1,000,000 | -- | $307 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $500,000 | -- | |
| Deed | $75,000 | -- | |
| Deed | $157,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $780,606 | New Conventional |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73561773
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.
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.
Ask me questions while you tour the home.