27 North St Worcester, MA 01605
Indian Lake East NeighborhoodEstimated payment $28,743/month
About This Home
Prime Investment Opportunity – 21 Units on Poet Hill, Worcester Rare portfolio of 21 well-maintained, de-leaded residential units across four adjacent parcels in Worcester’s desirable Poet Hill neighborhood. Just 0.2 miles from Trolley Yard, minutes to downtown, and under 10 minutes to 8 colleges and 4 major hospitals. Features strong in-place income ($33,800/month), with upside potential and rent growth($38,734/month proforma). On-site parking with expansion potential. Clustered assets offer efficient management and turnkey appeal for both local and out-of-town investors. Ideal location in one of Worcester’s hottest rental markets.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $41,788
Year Built
- Built in 1900
Lot Details
- 0.5 Acre Lot
- Irregular Lot
Parking
- 20 Car Parking Spaces
Home Design
- 15,080 Sq Ft Home
- Shingle Roof
Bedrooms and Bathrooms
- 46 Bedrooms
- 21 Full Bathrooms
Location
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number M:09 B:026 L:00003,1771306
Community Details
Overview
- 21 Units
- Property has 2 Levels
Building Details
- Operating Expense $144,272
- Net Operating Income $320,536
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 | $6,206 | $470,500 | $49,000 | $421,500 |
| 2024 | $3,020 | $219,600 | $49,000 | $170,600 |
| 2023 | $2,881 | $200,900 | $42,600 | $158,300 |
| 2022 | $2,504 | $164,600 | $34,100 | $130,500 |
| 2021 | $2,450 | $150,500 | $27,300 | $123,200 |
| 2020 | $2,188 | $128,700 | $27,100 | $101,600 |
| 2019 | $2,173 | $120,700 | $23,600 | $97,100 |
| 2018 | $2,129 | $112,600 | $23,600 | $89,000 |
| 2017 | $2,003 | $104,200 | $23,600 | $80,600 |
| 2016 | $1,911 | $92,700 | $17,800 | $74,900 |
| 2015 | $1,860 | $92,700 | $17,800 | $74,900 |
| 2014 | $1,811 | $92,700 | $17,800 | $74,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | For Sale | $4,500,000 | -- | $298 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $434,667 | Purchase Money Mortgage | |
| Closed | $96,000 | No Value Available | |
| Closed | $85,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73374469
APN: WORC-000009-000026-000009A
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.
- 27 North St
- 10 Hemans St Unit 13
- 32 Hemans St
- 8 Prioulx St
- 87 Monadnock Rd
- 251 Salisbury St
- 469 Grove St Unit 1
- 2 Henchman St
- 120 Lincoln St
- 213 Lincoln St
- 3 Judson Rd
- 9 Forestdale Rd
- 23 Ashton St
- 31 Otsego Rd
- 93 W Boylston St
- 12 Huntington Ave
- 12 Alexander Rd
- 40 Orne St
- 15 Loring St
- 11 Alexander Rd