3 Chelsea St Worcester, MA 01610
Main South NeighborhoodEstimated payment $6,031/month
About This Home
This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. The property also features a new roof. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 8.21% cap rate at $135,714 per unit, this property represents a strong investment opportunity in the growing Worcester market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,771
Year Built
- Built in 1887
Lot Details
- 8,976 Sq Ft Lot
Parking
- 5 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- 3,652 Sq Ft Home
- Stone Foundation
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Full Bathrooms
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:07 B:036 L:24+31,1769405
Community Details
Overview
- 7 Units
- Property has 1 Level
Building Details
- Electric Expense $1,549
- Insurance Expense $5,591
- Water Sewer Expense $2,687
- Operating Expense $33,108
- Net Operating Income $78,042
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 | $5,924 | $449,100 | $88,700 | $360,400 |
| 2024 | $5,335 | $388,000 | $88,700 | $299,300 |
| 2023 | $5,812 | $405,300 | $48,300 | $357,000 |
| 2022 | $5,395 | $354,700 | $38,700 | $316,000 |
| 2021 | $4,794 | $294,500 | $41,100 | $253,400 |
| 2020 | $3,777 | $222,200 | $41,100 | $181,100 |
| 2019 | $3,809 | $211,600 | $39,400 | $172,200 |
| 2018 | $3,895 | $206,000 | $39,400 | $166,600 |
| 2017 | $3,959 | $206,000 | $39,400 | $166,600 |
| 2016 | $4,000 | $194,100 | $50,400 | $143,700 |
| 2015 | $4,887 | $243,500 | $38,500 | $205,000 |
| 2014 | -- | $243,500 | $38,500 | $205,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/22/2026 06/22/26 | Pending | -- | -- | -- | |
| 06/02/2026 06/02/26 | Price Changed | $950,000 | -5.0% | $260 / Sq Ft | |
| 05/11/2026 05/11/26 | For Sale | $1,000,000 | +589.7% | $274 / Sq Ft | |
| 05/22/2015 05/22/15 | Sold | $145,000 | -51.7% | $37 / Sq Ft | View Prior Sale |
| 04/22/2015 04/22/15 | Pending | -- | -- | -- | |
| 02/23/2015 02/23/15 | For Sale | $300,000 | -- | $77 / 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 | $143,000 | -- | |
| Deed | $190,000 | -- |
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 | $490,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $222,950 | Commercial | |
| Closed | $108,750 | Commercial | |
| Previous Owner | $99,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73516009
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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.
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