57 Cutler St Worcester, MA 01604
Union HIll NeighborhoodEstimated payment $9,020/month
About This Home
Turnkey Investment Opportunity – Two Multi-Family Properties on ONE Lot!Fully renovated and income-producing, this rare opportunity minimizes future setbacks with major updates already completed.57 Cutler Street features three spacious 4-bedroom units with new heating systems, new central air, hardwood floors, laundry hookups, and private porches.59 Cutler Street offers a renovated two-family with a 2-bedroom unit and a 4-bedroom unit, also updated with new heating systems and quality finishes throughout.Most units are rented, providing immediate cash flow. Prime location just minutes from Polar Park and Union Station, near College of the Holy Cross and Worcester Polytechnic Institute, with easy access to I-290, shopping, and dining.Strong cash flow, strong location, strong asset.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,123
Year Built
- Built in 1920
Lot Details
- 6,953 Sq Ft Lot
- Fenced
Home Design
- 5,730 Sq Ft Home
- Stone Foundation
Bedrooms and Bathrooms
- 18 Bedrooms
- 5 Full Bathrooms
Additional Features
- Unfinished Basement
Community Details
Overview
- 5 Units
- Property has 1 Level
Building Details
- Electric Expense $785
- Insurance Expense $11,500
- Water Sewer Expense $5,000
- Operating Expense $17,285
- Net Operating Income $135,715
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 | $11,123 | $843,300 | $117,100 | $726,200 |
| 2024 | $10,387 | $755,400 | $117,100 | $638,300 |
| 2023 | $9,282 | $647,300 | $58,000 | $589,300 |
| 2022 | $11,140 | $732,400 | $46,400 | $686,000 |
| 2021 | $11,735 | $720,800 | $37,100 | $683,700 |
| 2020 | $9,836 | $578,600 | $34,400 | $544,200 |
| 2019 | $8,420 | $467,800 | $38,700 | $429,100 |
| 2018 | $8,150 | $431,000 | $38,700 | $392,300 |
| 2017 | $6,883 | $358,100 | $38,700 | $319,400 |
| 2016 | $6,890 | $334,300 | $30,800 | $303,500 |
| 2015 | $6,709 | $334,300 | $30,800 | $303,500 |
| 2014 | $6,532 | $334,300 | $30,800 | $303,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2026 02/28/26 | For Sale | $1,525,000 | +117.9% | $266 / Sq Ft | |
| 10/12/2021 10/12/21 | Sold | $700,000 | -3.4% | $146 / Sq Ft | View Prior Sale |
| 08/17/2021 08/17/21 | Pending | -- | -- | -- | |
| 07/15/2021 07/15/21 | Price Changed | $724,900 | -3.3% | $151 / Sq Ft | |
| 06/17/2021 06/17/21 | For Sale | $749,900 | -- | $156 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73481103
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