78 Elm St Worcester, MA 01609
Institution Park NeighborhoodEstimated payment $4,984/month
Total Views
2,514
8
Beds
5
Baths
3,475
Sq Ft
$230
Price per Sq Ft
Highlights
- Deck
- 1 Fireplace
- Porch
About This Home
Prime Investment Opportunity – Updated 5-Unit Property in Worcester!Welcome to 78 Elm Street, a well-maintained 5-unit multifamily property ideally located in the heart of Worcester. This turnkey investment offers a strong rental history and excellent cash flow, making it a perfect addition to any investor’s portfolio.The property features a mix of spacious one and two-bedroom layouts, all fully leased at competitive market rents with room for future growth.Additional highlights include separate utilities, ample off-street parking, and a low-maintenance exterior. Conveniently located near local universities, hospitals, public transportation, and downtown Worcester’s shops and restaurants, this property is a smart buy in a fast-growing rental market. Monthly rent of $7,790
Listing Agent
Enis Shehu
Cameron Real Estate Group - Framingham
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,642
Year Built
- Built in 1890
Lot Details
- 6,533 Sq Ft Lot
- Cleared Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Parking
- 5 Car Parking Spaces
- Driveway
- Open Parking
Outdoor Features
- Deck
- Porch
Listing and Financial Details
- Assessor Parcel Number 1764098
Community Details
Overview
- 5 Units
- Property has 2 Levels
Building Details
- Water Sewer Expense $2,098
- Operating Expense $6,876
- Net Operating Income $86,604
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | For Sale | $799,000 | +85.0% | $230 / Sq Ft |
| 12/28/2022 12/28/22 | Sold | $432,000 | +8.3% | $162 / Sq Ft |
| 11/15/2022 11/15/22 | Pending | -- | -- | -- |
| 11/10/2022 11/10/22 | For Sale | $399,000 | -- | $150 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Similar Homes in Worcester, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73356874
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.
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