$1,649,000
SOLD FEB 13, 2025

91 Alvarado Ave Worcester, MA 01604

Lake Park Neighborhood
11 Beds
9 Baths
6,938 Sq Ft
0.33 Acres

Recently Sold

$238 Per Sq Ft

7 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Window Unit Cooling System
  • Property is near public transit
  • Jogging Path
  • 3-minute walk to Lakeview Playground

About This Home

As of February 2025

Wonderfully maintained 9 unit investment property in Worcester! This property features 7 1 bed/1ba units and 2 two bed/1ba units. There is an additional detached 2 car garage structure offering potential future income. Coin op common laundry area. Rare large off street parking lot offering two spots per unit! Featuring updated vinyl windows and low maintenance vinyl siding. Several freshly updated units, 2 of which are vacant and ready to be rented as well as low owner expenses with electric heat and split utilities. This property is located on a quiet, sought after street - close to Shrewsbury line, approximately 1 mile from UMASS medical center, Rt 9, I-290. There is still room to improve the performance of this fantastic investment opportunity. Excellent cashflow!

Last Agent to Sell the Property

Kristen Corcoran

Coldwell Banker Realty - Leominster Listed on: 11/29/2024

Coldwell Banker Realty - Leominster

Last Buyer's Agent

Omar Regalado

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,309

Year Built

  • Built in 1955

Lot Details

  • 0.33 Acre Lot
  • Near Conservation Area
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 6,938 Sq Ft Home
  • Property has 1 Level
  • Living Room

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $4,245
  • Assessor Parcel Number 1779316

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 9 Units
  • Net Operating Income $50,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,309

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1955
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Vinyl
  • Interior Amenities: Laundry Room, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Microwave, Refrigerator
  • Total Bedrooms: 11
  • Full Bathrooms: 9
  • Total Bathrooms: 9
  • Total Bathrooms: 9
  • Living Area: 6938
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 237.68
  • PRICE PER Sq Ft: 237.68
  • MAIN SO: AC0342

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 17

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1779316
  • Zoning: RL7
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Sq Ft: 14374
  • Lot Size Units: Acres
  • PAGE: 196
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 17309
  • Tax Book Number: 70286

Multi Family

  • Gross Income: 50940
  • Net Operating Income: 50940
  • Number Of Units Total: 9
  • Total Actual Rent: 4245
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 1

Range of Values:

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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 Change Sq Ft Price
02/13/2025 02/13/25 Sold $1,649,000 0.0% $238 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
11/29/2024 11/29/24 For Sale $1,649,000 -- $238 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kristen Corcoran

    Coldwell Banker Realty - Leominster

    (978) 495-2384

    2 in this area

    19 Total Sales

    Kristen Corcoran
    Section Image
  • Omar Regalado

    Buyer's Agent in 2025

    Omar Regalado

    eXp Realty

    (774) 351-5085

    2 in this area

    34 Total Sales

    Omar Regalado
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73316121

MLS Property Information Network (MLS PIN)
Massachusetts Worcester County Worcester 01604 Lake Park

91 Alvarado Ave, Worcester, MA

This home is located at 91 Alvarado Ave, Worcester, MA 01604 and is currently priced at $1,649,000, approximately $237 per square foot. This property was built in 1955. 91 Alvarado Ave is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Magnet, and Lake View Elementary School.

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.

MLS Property Information Network (MLS PIN) 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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