3 Marston Way Worcester, MA 01609
Elm Park NeighborhoodEstimated payment $6,685/month
Highlights
- Property is near public transit and schools
- Window Unit Cooling System
- 1 Car Garage
- Jogging Path
- Park
- Heating System Uses Steam
About This Home
This six-unit investment property presents an excellent opportunity in one of Worcester’s most sought-after neighborhoods. The building is well-maintained and positioned for strong rental performance, with consistent demand driven by proximity to WPI, downtown employers, and the city’s growing medical and academic corridor. Whether for stable cash flow or long-term appreciation, 3 Marston Way offers investors a solid asset in a thriving and improving market. The property has 6 units, 2 of which are available for immediate rental. Current NOI does not dictate stable cash flow, upside potential with boosting the rents and renting two vacancies. To schedule a showing or receive a copy of the Rent Roll, please reach out to the listing brokers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,553
Year Built
- Built in 1900
Parking
- 1 Car Garage
- Leased Parking
- Driveway
- On-Street Parking
- Open Parking
- Off-Street Parking
Home Design
- Brick Foundation
Interior Spaces
- 3,214 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Utilities
- Window Unit Cooling System
- Heating System Uses Steam
Additional Features
- 5,881 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number 1763413
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $480
- Water Sewer Expense $1,100
- Operating Expense $28,563
- Net Operating Income $38,816
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 | $9,495 | $719,900 | $45,000 | $674,900 |
| 2024 | $8,553 | $622,000 | $45,000 | $577,000 |
| 2023 | $7,496 | $522,700 | $28,200 | $494,500 |
| 2022 | $6,957 | $457,400 | $28,200 | $429,200 |
| 2021 | $6,693 | $411,100 | $28,200 | $382,900 |
| 2020 | $5,170 | $304,100 | $28,200 | $275,900 |
| 2019 | $5,213 | $289,600 | $27,000 | $262,600 |
| 2018 | $5,316 | $281,100 | $27,000 | $254,100 |
| 2017 | $5,403 | $281,100 | $27,000 | $254,100 |
| 2016 | $5,476 | $265,700 | $43,200 | $222,500 |
| 2015 | $4,405 | $219,500 | $35,900 | $183,600 |
| 2014 | $4,289 | $219,500 | $35,900 | $183,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/11/2025 11/11/25 | For Sale | $1,150,000 | -- | $358 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73453501
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