78 Downing St Worcester, MA 01610
University Park NeighborhoodEstimated payment $7,951/month
Highlights
- 0.22 Acre Lot
- 4 Car Garage
- Level Lot
About This Home
Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,550/month in rental income and a strong $106,100 NOI. Additional revenue comes from coin-op laundry and a heated basement storage/workshop. The property offers a desirable mix of three 2 bed/1 bath units and three 3 bed/1 bath units, plus a fully leased 4-car garage. All apartments are renovated with modern layouts that attract quality tenants. The building is sprinklered, fully insulated, separately metered with tenant-paid electric, and five units are deleaded. In a prime walk-to-campus location with consistent rental demand, this asset is ideal for portfolio buyers or 1031 investors seeking stable income, long-term appreciation, and minimal deferred maintenance. All apartments are leased through Summer 2027. Both garages rented for $700/month, and a basement storage unit can add $200/month when leased.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,126
Year Built
- Built in 1920
Lot Details
- 9,518 Sq Ft Lot
- Level Lot
- Irregular Lot
Parking
- 4 Car Garage
- Shared Driveway
- 6 Open Parking Spaces
Home Design
- 5,861 Sq Ft Home
Bedrooms and Bathrooms
- 15 Bedrooms
- 6 Full Bathrooms
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:08 B:001 L:00020,1769653
Community Details
Overview
- 6 Units
- Property has 1 Level
Building Details
- Net Operating Income $103,700
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 | $15,126 | $1,146,800 | $122,100 | $1,024,700 |
| 2024 | $13,650 | $992,700 | $122,100 | $870,600 |
| 2023 | $15,046 | $1,049,200 | $106,100 | $943,100 |
| 2022 | $13,963 | $918,000 | $84,900 | $833,100 |
| 2021 | $12,077 | $741,800 | $21,200 | $720,600 |
| 2020 | $9,146 | $538,000 | $21,200 | $516,800 |
| 2019 | $9,221 | $512,300 | $20,300 | $492,000 |
| 2018 | $5,709 | $301,900 | $20,300 | $281,600 |
| 2017 | $5,803 | $301,900 | $20,300 | $281,600 |
| 2016 | $5,925 | $287,500 | $43,200 | $244,300 |
| 2015 | $5,680 | $283,000 | $38,700 | $244,300 |
| 2014 | $5,530 | $283,000 | $38,700 | $244,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | Price Changed | $1,300,000 | -16.1% | $222 / Sq Ft | |
| 01/19/2026 01/19/26 | For Sale | $1,550,000 | +126.9% | $264 / Sq Ft | |
| 06/25/2019 06/25/19 | Sold | $683,000 | -5.8% | $120 / Sq Ft | View Prior Sale |
| 04/09/2019 04/09/19 | Pending | -- | -- | -- | |
| 04/02/2019 04/02/19 | For Sale | $725,000 | +12.2% | $127 / Sq Ft | |
| 11/27/2017 11/27/17 | Sold | $646,000 | -0.5% | $114 / Sq Ft | View Prior Sale |
| 08/27/2017 08/27/17 | Pending | -- | -- | -- | |
| 08/24/2017 08/24/17 | For Sale | $649,000 | -- | $114 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73469808
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.
- 53 Charlotte St Unit 1
- 20 Florence St Unit 2
- 488 Park Ave
- 488 Park Ave
- 10 Stevens Rd Unit 3
- 41 Hollywood St Unit . 1
- 41 Hollywood St Unit 2
- 123 Mayfield St Unit 2nd Floor
- 5 Oberlin St Unit 2
- 78 Birch St Unit 2
- 7 Cristy St
- 7 Cristy St
- 543 Park Ave Unit 3
- 545 Park Ave Unit 2
- 29 Parker St Unit 1
- 154 Lovell St Unit 1L
- 555 Park Ave Unit 1
- 94 Lovell St Unit 3
- 84 Lovell St Unit 1
- 11 Marble St
Ask me questions while you tour the home.