NOT LISTED FOR SALE

Estimated Value: $629,956 - $809,000

9 Beds
3 Baths
3,753 Sq Ft
$186/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $480,000 $128 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,265/month

9 Days on Market

About This Home

As of August 2021

Fantastic opportunity to own a well maintained, fully occupied 3 Family in the heart of the city. All 3 Units are laid out the same with 3 bedrooms per unit, a pantry, kitchen, bath, dining room and living room. All units have in-unit washer and dryer hookups (all appliances are landlord owned). Unit 1 is heated by steam (gas) and units 2&3 are gas on gas heated. A large paved driveway provides ample off street parking and leads to an oversized detached garage that recently had the rolled roof replaced. The property is located minutes from Worcester State University, WPI and Clark University and a is a short drive to Worcester's new Polar Park, downtown, shopping centers, restaurants and any of the major commuting routes (routes 290, 190, 90, 146, 20, 9, 12). All units have been well maintained by the owners and tenants. Do not let this great investment opportunity pass you by.

Last Agent to Sell the Property

Steve Sterczala

The O'Rourke Group Real Estate Professionals Listed on: 04/28/2021

Last Buyer's Agent

Paul O'Rourke

The O'Rourke Group Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • 1916

Lot Details

  • 4,792

Parking

  • 1

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1916

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Park Avenue to Lovell St.Google Maps
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1916

Interior Features

  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Unit 3(Range,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • MAIN LO: AN5361
  • MAIN SO: AN5361
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Wood,Tile
  • 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)
  • Stories: 6

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: 2nd And 3rd Floor Units Are Rented Below Market (T.A.W) Each Unit Has Independent Electric And Hot Water. See Additional Information On Sellers' Disclosure.
  • Exclusions: Tenants' Personal Property, Owners' Personal Property. Granite Memorial Stone In The Front Yard.
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Paved
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Heating: Unit 1(Steam), Unit 2(Gas), Unit 3(Gas)
  • SEWAGE DISTRICT: Worc
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University, Sidewalks
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community: No

Fee Information

  • Annual Water Sewer Expense: 1800

Lot Info

  • LOT SIZE: 5000
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 4791.6
  • Zoning: RL-7

Multi Family

  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3
  • Electric Expense: 250
  • Annual Gross Income: 36000
  • Property Net Operating Income: 33950
  • Number Of Units Total: 3
  • Annual Operating Expense: 2400
  • Total Actual Rent: 3000

Tax Info

  • Tax Annual Amount: 4710
  • Tax Book Number: 33788
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2025
Sold by
Lam Vui
Bought by
Willy Llc
Current Estimated Value
$707,193

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jul 21, 2021
Sold by
Richardson Neal F and Richardson Brian J
Bought by
Lam Vui
Seller's Agent
Steve Sterczala
The O'Rourke Group Real Estate Professionals
Buyer's Agent
Paul O'Rourke
The O'Rourke Group Real Estate Professionals
List Price
$494,900
Sold Price
$480,000
Premium/Discount to List
-$14,900
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%

Purchase Details

Closed on
Jun 3, 2004
Sold by
Richardson Mark A
Bought by
Richardson Brian J and Richardson Neal F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,750
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2004
Sold by
Richardson Mark A and Richardson Paul M
Bought by
Richardson Mark A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Willy Llc -- None Available
Willy Llc -- None Available
Lam Vui $480,000 Metropolitan Title Agency
Lam Vui $480,000 Metropolitan Title Agency
Richardson Brian J $175,000 --
Richardson Brian J $175,000 --
Richardson Mark A -- --
Richardson Mark A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richardson Brian J $169,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold $480,000 -3.0% $128 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $494,900 -- $132 / Sq Ft
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 $7,107 $538,800 $81,200 $457,600
2024 $6,566 $477,500 $81,200 $396,300
2023 $6,292 $438,800 $70,600 $368,200
2022 $4,832 $317,700 $56,500 $261,200
2021 $4,710 $289,300 $45,200 $244,100
2020 $4,204 $247,300 $44,900 $202,400
2019 $4,192 $232,900 $39,200 $193,700
2018 $4,105 $217,100 $39,200 $177,900
2017 $3,861 $200,900 $39,200 $161,700
2016 $3,687 $178,900 $28,300 $150,600
2015 $3,591 $178,900 $28,300 $150,600
2014 $3,496 $178,900 $28,300 $150,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72821481

MLS Property Information Network (MLS PIN)

APN: WORC-000014-000028-000023