27 Richards St Worcester, MA 01603
University Park NeighborhoodEstimated payment $4,008/month
Total Views
5,285
8
Beds
3
Baths
2,682
Sq Ft
$242
Price per Sq Ft
About This Home
Prime investment or owner-occupant opportunity! 2/10 mile to Clark University a well-located multi-family featuring a vacant 4-bedroom apartment perfect for immediate move-in or strong rental income. Situated on a large lot with off-street parking and potential for an ADU (Accessory Dwelling Unit). This property offers excellent upside in a high-demand rental market. Don’t miss your chance to capitalize on this versatile property! Updated electrical with sub panels in the units. Updated plumbing with lots of Pex piping and ABS waste pipes. Separate water sub meters for future condo conversion.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,763
Year Built
- Built in 1900
Lot Details
- 8,999 Sq Ft Lot
- Irregular Lot
Interior Spaces
- 2,682 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Community Details
- 3 Units
- Net Operating Income $66,000
Listing and Financial Details
- Assessor Parcel Number M:07 B:010 L:00011,1768763
Map
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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 | $6,763 | $512,700 | $98,200 | $414,500 |
| 2024 | $6,607 | $480,500 | $98,200 | $382,300 |
| 2023 | $6,112 | $426,200 | $85,400 | $340,800 |
| 2022 | $5,486 | $360,700 | $68,300 | $292,400 |
| 2021 | $4,467 | $274,400 | $54,700 | $219,700 |
| 2020 | $4,202 | $247,200 | $54,300 | $192,900 |
| 2019 | $3,748 | $208,200 | $47,400 | $160,800 |
| 2018 | $3,810 | $201,500 | $47,400 | $154,100 |
| 2017 | $3,627 | $188,700 | $47,400 | $141,300 |
| 2016 | $3,469 | $168,300 | $33,700 | $134,600 |
| 2015 | $3,378 | $168,300 | $33,700 | $134,600 |
| 2014 | $3,289 | $168,300 | $33,700 | $134,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | Pending | -- | -- | -- |
| 05/06/2025 05/06/25 | For Sale | $649,000 | +201.9% | $242 / Sq Ft |
| 12/02/2016 12/02/16 | Sold | $215,000 | 0.0% | $80 / Sq Ft |
| 10/21/2016 10/21/16 | Pending | -- | -- | -- |
| 09/29/2016 09/29/16 | For Sale | $215,000 | -- | $80 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Not Resolvable | $215,000 | -- | |
| Deed | $3,500 | -- | |
| Foreclosure Deed | $164,075 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $161,250 | New Conventional | |
| Previous Owner | $125,000 | No Value Available | |
| Previous Owner | $42,000 | No Value Available |
Source: Public Records
Similar Homes in Worcester, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73370467
APN: WORC-000007-000010-000011
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