$1,150,000
SOLD FEB 6, 2025
12 Beds
6 Baths
5,592 Sq Ft
0.3 Acres

Recently Sold

$206 Per Sq Ft

4% Below List Price

13 Days on Market

About This Home

As of February 2025

This well-maintained 6-unit property at 42 Lewis Street in Worcester, Massachusetts, consists of six 2-bedroom/1-bathroom units, totaling 5,592 sq. ft. of living space on a 0.30-acre parcel. Each unit is separately metered for electricity, heat, and hot water, with all utilities paid directly by the tenants. Additionally, the property features ample on-site parking for residents.Positioned on the edge of the South Worcester neighborhood, this property benefits from proximity to major local institutions, including the College of the Holy Cross and Clark University. Worcester's dynamic downtown offers a blend of employment and entertainment options, from the DCU Center and Palladium venues to the UMass Memorial Medical Center, the city's largest employer. With a vibrant student population of over 36,000 across eight colleges and universities, this property represents a valuable investment opportunity in the thriving Worcester rental market.

Last Agent to Sell the Property

Ethan Lazar

Horvath & Tremblay Listed on: 11/01/2024

Last Buyer's Agent

Ethan Lazar

Horvath & Tremblay Listed on: 11/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,333

Year Built

  • Built in 1915

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • 5,592 Sq Ft Home
  • Stone Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • 15 Car Parking Spaces
  • Off-Street Parking

Listing and Financial Details

  • Total Actual Rent $10,235
  • Assessor Parcel Number M:07 B:032 L:00032,1769305

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Building Details

  • Electric Expense $660
  • Insurance Expense $4,878
  • Water Sewer Expense $5,400
  • Operating Expense $29,645
  • Net Operating Income $87,034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,333

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1915
  • Levels: 9
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Living Area: 5592
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 214.59
  • PRICE PER Sq Ft: 205.65
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 15

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5400

Lot Info

  • Parcel Number: M:07 B:032 L:00032,1769305
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 12996
  • Lot Size Units: Acres
  • PAGE: 105
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10333
  • Tax Book Number: 66069

Multi Family

  • Electric Expense: 660
  • Gross Income: 122820
  • Insurance Expense: 4878
  • Net Operating Income: 87034
  • Number Of Units Total: 6
  • Operating Expense: 29645
  • Total Actual Rent: 10235
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

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Range of Values:

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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
02/06/2025 02/06/25 Sold $1,150,000 -4.2% $206 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $1,200,000 +37.1% $215 / Sq Ft
09/15/2021 09/15/21 Sold $875,000 0.0% $169 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $875,000 +133.3% $169 / Sq Ft
03/21/2018 03/21/18 Sold $375,000 -6.2% $47 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $399,999 +6.7% $51 / Sq Ft
10/13/2017 10/13/17 Off Market $375,000 -- --
10/12/2017 10/12/17 For Sale $399,999 -- $51 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73308998

MLS Property Information Network (MLS PIN)