5 Freeland Terrace Worcester, MA 01603
University Park NeighborhoodEstimated payment $4,317/month
Highlights
- Wood Flooring
- Living Room
- Fenced
- Porch
- Family Room
- 4-minute walk to Crystal Park
About This Home
Spacious and full of natural light, this three-family property features three well-designed three-bedroom apartments just a few blocks from Clark University. The prime location on a side street while still offering outstanding convenience to the major routes, easy access to public transportation, shopping, and, making it ideal for both owner-occupants and investors. With two vacant and well-maintained units, you can choose one to owner occupy and build an equity by renting the other two. Each floor includes a generous living and dining rooms, eat-in kitchen and three well-sized bedrooms. The second floor is occupied by a long-term tenant who will stay. Investors will appreciate the low-maintenance exterior with vinyl siding, no driveway to care for, and a compact under 2,900sq.ft. yard that’s simple to manage. Additional income is generated by the coin-operated laundry in the basement. Parking is on-street. Schedule an appointment to see this opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,488
Year Built
- Built in 1890
Lot Details
- 2,860 Sq Ft Lot
- Fenced
- Cleared Lot
Parking
- Open Parking
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- Property has 1 Level
- Family Room
- Living Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Range with Range Hood
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
- Separate Shower
Outdoor Features
- Porch
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number 1768833
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $1,080
- Insurance Expense $3,743
- Operating Expense $4,823
- Net Operating Income $54,000
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 | $6,488 | $491,900 | $56,500 | $435,400 |
| 2024 | $5,951 | $432,800 | $56,500 | $376,300 |
| 2023 | $5,713 | $398,400 | $49,200 | $349,200 |
| 2022 | $5,850 | $384,600 | $39,300 | $345,300 |
| 2021 | $4,317 | $265,200 | $31,400 | $233,800 |
| 2020 | $3,975 | $233,800 | $31,200 | $202,600 |
| 2019 | $3,389 | $188,300 | $27,200 | $161,100 |
| 2018 | $3,305 | $174,800 | $27,200 | $147,600 |
| 2017 | $3,092 | $160,900 | $27,200 | $133,700 |
| 2016 | $2,986 | $144,900 | $20,700 | $124,200 |
| 2015 | $2,908 | $144,900 | $20,700 | $124,200 |
| 2014 | $2,831 | $144,900 | $20,700 | $124,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/13/2025 11/13/25 | For Sale | $720,000 | +8.3% | $225 / Sq Ft | |
| 04/19/2024 04/19/24 | Sold | $665,000 | +4.1% | $208 / Sq Ft | View Prior Sale |
| 03/11/2024 03/11/24 | Pending | -- | -- | -- | |
| 03/08/2024 03/08/24 | For Sale | $639,000 | +44.6% | $200 / Sq Ft | |
| 01/29/2021 01/29/21 | Sold | $442,000 | +2.8% | $138 / Sq Ft | View Prior Sale |
| 11/28/2020 11/28/20 | Pending | -- | -- | -- | |
| 11/18/2020 11/18/20 | For Sale | $429,900 | -- | $134 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $442,000 | None Available | |
| Deed | $150,000 | -- | |
| Deed | $150,000 | -- | |
| Deed | $73,750 | -- | |
| Deed | $73,750 | -- | |
| Foreclosure Deed | $237,150 | -- | |
| Foreclosure Deed | $237,150 | -- | |
| Deed | $321,000 | -- | |
| Deed | $321,000 | -- | |
| Deed | $269,000 | -- | |
| Deed | $269,000 | -- | |
| Deed | $163,265 | -- | |
| Deed | $163,265 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $433,994 | FHA | |
| Previous Owner | $122,100 | Purchase Money Mortgage | |
| Previous Owner | $256,800 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73454589
APN: WORC-000007-000013-000004
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