NOT LISTED FOR SALE
12 Beds
6 Baths
5,094 Sq Ft
6,534 Sq Ft Lot

Last Sold December 31, 2021

Last sale price $769,900 $151 Per Sq Ft

40 Days on Market

About This Home

As of December 2021

EXCELLENT 6 UNIT INVESTMENT PROPERTY SECONDS TO CLARK UNIVERSITY W/ ALL PAYING TENANTS! This is the one you have been waiting for. Well cared for & fully rented w/ parking for every unit! Each unit is the exact same layout & can be used as 1 or 2 bedrooms apartments. All tenants pay their own heat. Clark University is just a stone's throw away. Seller has had all of the electrical panels recently updated & several units were updated in the last couple years. This building has a great history of attracting well qualified tenants. Excellent opportunity for anyone looking for a property for a 1031 exchange or anyone simply looking to invest in Worcester's rapidly rising real estate market while you still can. Property will be shown via group showings with an appointment. Don't wait on this one. Check out the Matterport tour!

Last Agent to Sell the Property

Jackie Painchaud

The Neighborhood Realty Group Listed on: 10/08/2021

The Neighborhood Realty Group

Last Buyer's Agent

Jazmin Hernandez

Media Realty Group Inc.

Media Realty Group Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Lot Details

  • 6,534

Additional Features

  • Property has 1 Level
  • 6 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Main St or Park Ave to Maywood Street to Birch Street (Clark University area)
  • Garage Yn: No
  • Year Built Details: Unknown/Mixed
  • Special Features: None
  • Year Built: 1910

Interior Features

  • Appliances: Unit 1(Range), Unit 2(Range,Refrigerator), Unit 3(Range), Unit 4(Range,Refrigerator)
  • Has Basement: Full, Unfinished
  • MAIN LO: AN6800
  • MAIN SO: AN5720
  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Wood
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen), Unit 4 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 9

Exterior Features

  • Foundation Details: Other
  • Disclosures: Units Are Listed As 2 Bedrooms In Public Record & Can Be Used That Way But Front Entrance Would Lead Into A Bedroom. Most People Use Them As Large One Bedrooms W/ A Living Room & A Dining Room. Pics Of Vacant Apt Were Taken Prior To Tenant Moving In. 6th Unit Leased At $1200 Per Month.
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, Public School, University
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Fee Information

  • Annual Water Sewer Expense: 2400

Lot Info

  • LOT SIZE: 6606
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 6534
  • Zoning: RG-5

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2
  • Electric Expense: 335
  • Annual Gross Income: 68100
  • Insurance Expense: 3624
  • Property Net Operating Income: 59581
  • Number Of Units Total: 6
  • Annual Operating Expense: 8519
  • Total Actual Rent: 6875

Tax Info

  • Tax Annual Amount: 6847
  • Tax Book Number: 60651
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2021 12/31/21 Sold $769,900 -6.7% $151 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $825,000 0.0% $162 / Sq Ft
12/26/2012 12/26/12 Rented $750 0.0% --
12/26/2012 12/26/12 For Rent $750 +7.1% --
08/01/2012 08/01/12 Rented $700 0.0% --
07/02/2012 07/02/12 Under Contract -- -- --
07/01/2012 07/01/12 For Rent $700 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $11,401 $864,400 $85,300 $779,100
2024 $10,582 $769,600 $85,300 $684,300
2023 $10,480 $730,800 $46,500 $684,300
2022 $8,825 $580,200 $37,200 $543,000
2021 $6,847 $420,600 $21,200 $399,400
2020 $6,253 $367,800 $21,200 $346,600
2019 $6,305 $350,300 $20,300 $330,000
2018 $6,446 $340,900 $20,300 $320,600
2017 $6,552 $340,900 $20,300 $320,600
2016 $6,665 $323,400 $43,200 $280,200
2015 $6,372 $317,500 $37,300 $280,200
2014 $6,204 $317,500 $37,300 $280,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72906274

MLS Property Information Network (MLS PIN)