5 Claremont St Worcester, MA 01610
University Park NeighborhoodEstimated payment $9,906/month
Highlights
- Medical Services
- Property is near public transit and schools
- Corner Lot
- 0.68 Acre Lot
- Wood Flooring
- Jogging Path
About This Home
Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,560
Year Built
- Built in 1896
Lot Details
- 29,768 Sq Ft Lot
- Corner Lot
- Gentle Sloping Lot
- Additional Land
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- 10,450 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 17 Bedrooms
- 4 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 17 Car Parking Spaces
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- 17 Open Parking Spaces
- Off-Street Parking
Utilities
- 3 Cooling Zones
- 3 Heating Zones
- 220 Volts
Additional Features
- Porch
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number 1768060
Community Details
Overview
- 17 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Operating Expense $74,500
- Net Operating Income $109,000
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 | -- | $1,168,500 | $147,500 | $1,021,000 |
| 2024 | -- | $1,043,000 | $147,500 | $895,500 |
| 2023 | $0 | $939,100 | $128,200 | $810,900 |
| 2022 | $0 | $748,700 | $102,500 | $646,200 |
| 2021 | $0 | $536,500 | $82,000 | $454,500 |
| 2020 | $9,834 | $587,200 | $81,300 | $505,900 |
| 2019 | $0 | $478,900 | $71,400 | $407,500 |
| 2018 | $0 | $464,400 | $71,400 | $393,000 |
| 2017 | $0 | $464,400 | $71,400 | $393,000 |
| 2016 | -- | $439,100 | $52,700 | $386,400 |
| 2015 | -- | $439,100 | $52,700 | $386,400 |
| 2014 | $7,767 | $439,100 | $52,700 | $386,400 |
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 |
|---|---|---|---|---|---|
| 05/07/2026 05/07/26 | For Sale | $1,580,000 | +35.0% | $151 / Sq Ft | |
| 06/23/2022 06/23/22 | Sold | $1,170,000 | -2.5% | $90 / Sq Ft | View Prior Sale |
| 04/18/2022 04/18/22 | Pending | -- | -- | -- | |
| 04/15/2022 04/15/22 | For Sale | $1,200,000 | -- | $92 / 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 | $1,170,000 | None Available | |
| Quit Claim Deed | $885,000 | -- | |
| Deed | $410,000 | -- | |
| Deed | $410,000 | -- |
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 | $800,000 | Purchase Money Mortgage | |
| Previous Owner | $623,000 | Purchase Money Mortgage | |
| Previous Owner | $492,000 | Commercial | |
| Previous Owner | $468,750 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73514871
APN: WORC-000006-000037-000028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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