78 Downing St Worcester, MA 01610
University Park NeighborhoodEstimated payment $9,286/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 $11,350/month in rental income and a strong $103,700 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 and garages are leased: front units through Summer 2027 and rear units through Summer 2026. Both garages rent for $700, and a basement storage unit can add $200/month when leased.
Open House Schedule
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Saturday, January 24, 202611:00 am to 1:00 pm1/24/2026 11:00:00 AM +00:001/24/2026 1:00:00 PM +00:00Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,350/month in rental income and a strong $103,700 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.Add to Calendar
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Sunday, January 25, 202612:00 to 1:30 pm1/25/2026 12:00:00 PM +00:001/25/2026 1:30:00 PM +00:00Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,350/month in rental income and a strong $103,700 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.Add to Calendar
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 |
|---|---|---|---|---|---|
| 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
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