$970,000
SOLD DEC 31, 2024

40 Merrifield St Worcester, MA 01605

Shrewsbury Street Neighborhood
12 Beds
4 Baths
4,770 Sq Ft
9,294 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

1% Below List Price

6 Days on Market

Highlights

  • Medical Services
  • Deck
  • Corner Lot
  • City View
  • Property is near public transit
  • Enclosed patio or porch

About This Home

As of December 2024

Discover an exceptional investment opportunity with this fully renovated 4-family rental property situated on a desirable corner lot in Worcester! This property boasts modern upgrades throughout, including all new mechanical systems—plumbing, electrical, and heating. Each unit features energy-efficient tankless on-demand hot water heaters, along with stylish quartz countertops and stainless steel appliances, ensuring both comfort and luxury for tenants. Currently, three units are vacant and ready for new tenants, making it ideal for an investor looking to maximize rental income. The top-floor unit is already generating $2,300 per month, providing a strong foundation for your investment. Additional highlights include off-street parking for six cars, a rare convenience in the area. This property is strategically located near Worcester's largest hospitals and a variety of popular restaurants, making it appealing to potential renters.

Last Agent to Sell the Property

Ben Kovacs

Byrnes Real Estate Group LLC Listed on: 10/22/2024

Co-Listed By

Mark Savage

Byrnes Real Estate Group LLC

Last Buyer's Agent

Candor Realty Group

Four Points Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,261

Year Built

  • Built in 2024

Lot Details

  • 9,294 Sq Ft Lot
  • Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Brick Foundation
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,770 Sq Ft Home
  • Vinyl Flooring
  • City Views
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Enclosed patio or porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $9,500
  • Assessor Parcel Number M:16 B:012 L:00020

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Recreation

  • Park

Additional Features

  • Medical Services
  • Net Operating Income $114,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,261

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 2024
  • Year Built Details: Renovated Since
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Stories: 10

Interior Features

  • Flooring: Vinyl
  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Electric Dryer Hookup
  • Living Area: 4770
  • Spa YN: No
  • Stories Total: 10
  • MAIN LO: AN8284
  • LIST PRICE PER Sq Ft: 205.45
  • PRICE PER Sq Ft: 203.35
  • MAIN SO: AN5498

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Block, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed, Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer
  • Electric: 100 Amp Service, Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:16 B:012 L:00020
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9294
  • Lot Size Units: Acres
  • PAGE: 198
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7261
  • Tax Book Number: 67996

Multi Family

  • Gross Income: 114000
  • Net Operating Income: 114000
  • Number Of Units Total: 4
  • Total Actual Rent: 9500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 4
  • FLRS 3: 3
  • FLRS 2: 2

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Sold $970,000 -1.0% $203 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
10/22/2024 10/22/24 For Sale $980,000 -- $205 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Ben Kovacs

    Byrnes Real Estate Group LLC

    (774) 217-2268

    4 in this area

    67 Total Sales

    Ben Kovacs
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Mark Savage

    Byrnes Real Estate Group LLC

    (781) 789-4902

    Section Image

  • C

    Buyer's Agent in 2024

    Candor Realty Group

    Four Points Real Estate, LLC

    (978) 710-5616

    2 in this area

    338 Total Sales

    Candor Realty Group
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73304804

MLS Property Information Network (MLS PIN)

Massachusetts Worcester County Worcester 01605 Shrewsbury Street

40 Merrifield St, Worcester, MA

This home is located at 40 Merrifield St, Worcester, MA 01605 and is currently priced at $970,000, approximately $203 per square foot. This property was built in 2024. 40 Merrifield St is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Magnet, and Worcester East Middle School.

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