227 Chandler St Worcester, MA 01609
Elm Park NeighborhoodEstimated payment $5,735/month
About This Home
Located at the corner of Chandler Street and Park Avenue, this prime mixed-use property offers an exceptional investment opportunity. The first floor is currently used as a spacious church, with potential for various commercial uses. The second and third floors are successfully rented out on Airbb, generating over $200K in income. The second floor features four bedrooms and two bathrooms, while the third floor offers five bedrooms and two bathrooms, both well-maintained and furnished for maximum guest comfort. This property is ideally situated in the heart of the city, offering easy access to shops, restaurants, and public transportation. With a thriving business on the first floor and lucrative short-term rentals on the upper floors, this property presents a cash cow investment with immense potential. Whether you're an investor or entrepreneur, this versatile property is a fantastic opportunity to generate income in a high demand location
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,697
Year Built
- Built in 1912
Home Design
- Triplex
- Stone Foundation
- Shingle Roof
- Stone
Interior Spaces
- 4,206 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 11 Bedrooms
- 7 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Enclosed Patio or Porch
Additional Features
- 3,631 Sq Ft Lot
- 110 Volts
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number M:06 B:012 L:00050,1767228
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 | -- | $431,900 | $88,800 | $343,100 |
| 2024 | -- | $379,900 | $88,800 | $291,100 |
| 2023 | $0 | $407,700 | $77,200 | $330,500 |
| 2022 | $0 | $325,300 | $61,800 | $263,500 |
| 2021 | $0 | $247,300 | $49,400 | $197,900 |
| 2020 | $5,000 | $211,000 | $45,800 | $165,200 |
| 2019 | $4,752 | $207,900 | $43,300 | $164,600 |
| 2018 | $0 | $203,100 | $43,300 | $159,800 |
| 2017 | $0 | $203,100 | $43,300 | $159,800 |
| 2016 | -- | $180,000 | $33,500 | $146,500 |
| 2015 | -- | $180,000 | $33,500 | $146,500 |
| 2014 | $3,852 | $180,000 | $33,500 | $146,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Pending | -- | -- | -- |
| 08/25/2025 08/25/25 | Off Market | $1,000,000 | -- | -- |
| 04/01/2025 04/01/25 | For Sale | $1,000,000 | -- | $238 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Deed | $47,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $175,000 | Commercial | |
| Previous Owner | $118,200 | Commercial | |
| Previous Owner | $44,650 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73408120
APN: WORC-000006-000012-000050
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