8 Pelham St Worcester, MA 01609
Elm Park NeighborhoodEstimated payment $5,722/month
Highlights
- Medical Services
- Living Room
- Shops
- Property is near public transit and schools
- Park
- Dining Room
About This Home
Well-maintained three-story multifamily property offering an excellent opportunity for both investors and owner-occupants seeking stable rental income and cash flow in the thriving Worcester market. The property features functional layouts, comfortable living spaces, and strong rental appeal. Additional highlights include off-street parking via rear driveway and basement space providing convenient storage and access to mechanical systems. Ideally located near downtown Worcester, major highways, public transportation, hospitals, universities, restaurants, and shopping, this property benefits from strong tenant demand. Worcester’s expanding job market and ongoing development continue to support stable rental income and long-term appreciation potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,805
Year Built
- Built in 1890
Lot Details
- 5,255 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Brick Foundation
- Shingle Roof
Interior Spaces
- 4,467 Sq Ft Home
- Family Room
- Living Room
- Dining Room
- Vinyl Flooring
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Parking
- 5 Car Parking Spaces
- Driveway
- 5 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating System Uses Natural Gas
- Heating System Uses Steam
- 110 Volts
Listing and Financial Details
- Legal Lot and Block 00041 / 004
- Assessor Parcel Number M: 06 B: 004 L: 00041,1766870
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Net Operating Income $87,600
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 | $7,805 | $591,700 | $65,300 | $526,400 |
| 2024 | $7,149 | $519,900 | $65,300 | $454,600 |
| 2023 | $6,799 | $474,100 | $52,400 | $421,700 |
| 2022 | $5,914 | $388,800 | $41,900 | $346,900 |
| 2021 | $5,324 | $327,000 | $33,600 | $293,400 |
| 2020 | $4,888 | $287,500 | $33,600 | $253,900 |
| 2019 | $4,388 | $243,800 | $33,200 | $210,600 |
| 2018 | $4,274 | $226,000 | $33,200 | $192,800 |
| 2017 | $3,990 | $207,600 | $33,200 | $174,400 |
| 2016 | $3,893 | $188,900 | $27,100 | $161,800 |
| 2015 | $3,791 | $188,900 | $27,100 | $161,800 |
| 2014 | $3,691 | $188,900 | $27,100 | $161,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/19/2026 03/19/26 | For Sale | $950,000 | +75.9% | $213 / Sq Ft | |
| 10/05/2021 10/05/21 | Sold | $540,000 | +10.2% | $121 / Sq Ft | View Prior Sale |
| 07/27/2021 07/27/21 | Pending | -- | -- | -- | |
| 07/21/2021 07/21/21 | For Sale | $490,000 | -- | $110 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $540,000 | None Available | |
| Deed | $172,000 | -- | |
| Foreclosure Deed | $144,000 | -- | |
| Foreclosure Deed | $277,000 | -- | |
| Deed | -- | -- | |
| Deed | $178,500 | -- | |
| Deed | $54,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $530,219 | FHA | |
| Previous Owner | $168,884 | Purchase Money Mortgage | |
| Previous Owner | $221,600 | Purchase Money Mortgage | |
| Previous Owner | $319,000 | Purchase Money Mortgage | |
| Previous Owner | $239,000 | No Value Available | |
| Previous Owner | $197,400 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73489319
APN: WORC-000006-000004-000041
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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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