62 May St Worcester, MA 01610
University Park NeighborhoodEstimated payment $4,431/month
Highlights
- Medical Services
- Wood Flooring
- Balcony
- Property is near public transit and schools
- Corner Lot
- Porch
About This Home
Exceptional 3-family investment opportunity in a prime Worcester location. Ideal for both investors and owner-occupants, this property presents an opportunity for steady cash flow and long-term value. The fully renovated third-floor unit, complete with a brand-new heating system, adds immediate value and reduces future capital expenses, making this a smart long-term hold. The remaining units provide steady rental income, and each unit features washer and dryer hookups. With a pro forma cap rate exceeding 7%, this is a solid income-producing asset with upside. Conveniently located near major highways, shopping, dining, and local amenities, this property is a standout addition to any portfolio.
Co-Listing Agent
Ashley DeCotis
Lyv Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,605
Year Built
- Built in 1890
Lot Details
- 6,009 Sq Ft Lot
- Corner Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,765 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Range
- Washer and Dryer Hookup
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Parking
- 3 Car Parking Spaces
- Tandem Parking
- Driveway
- 3 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Porch
Location
- Property is near public transit and schools
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:06 B:022 L:00045,1767609
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Additional Features
- 3 Units
- Net Operating Income $50,400
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 | $8,605 | $652,400 | $89,700 | $562,700 |
| 2024 | $8,363 | $608,200 | $89,700 | $518,500 |
| 2023 | $7,739 | $539,700 | $78,000 | $461,700 |
| 2022 | $6,963 | $457,800 | $62,400 | $395,400 |
| 2021 | $6,053 | $371,800 | $49,900 | $321,900 |
| 2020 | $5,639 | $331,700 | $49,500 | $282,200 |
| 2019 | $5,188 | $288,200 | $43,200 | $245,000 |
| 2018 | $5,255 | $277,900 | $43,200 | $234,700 |
| 2017 | $4,957 | $257,900 | $43,200 | $214,700 |
| 2016 | $4,868 | $236,200 | $31,800 | $204,400 |
| 2015 | $4,741 | $236,200 | $31,800 | $204,400 |
| 2014 | $4,615 | $236,200 | $31,800 | $204,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2026 04/22/26 | Pending | -- | -- | -- | |
| 04/14/2026 04/14/26 | For Sale | $699,900 | +112.1% | $186 / Sq Ft | |
| 01/10/2019 01/10/19 | Sold | $330,000 | -5.4% | $88 / Sq Ft | View Prior Sale |
| 12/01/2018 12/01/18 | Pending | -- | -- | -- | |
| 11/25/2018 11/25/18 | For Sale | $349,000 | -- | $93 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $335,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $325,000 | -- | |
| Deed | $32,500 | -- | |
| Foreclosure Deed | $62,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $243,750 | Purchase Money Mortgage | |
| Previous Owner | $292,500 | Purchase Money Mortgage | |
| Previous Owner | $26,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73501533
APN: WORC-000006-000022-000045
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