$1,600,000
About this home
This well-maintained 7-unit property consists of three 3-bedroom/1-bathroom and four 2-bedroom/1-bathroom units, totaling 5, 682 sq ft of living space. Notably, all units have undergone extensive renovations, mostly featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. It is separately metered for heat and electric, with the owner only responsible for hot water. The property also includes off-street parking. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $13, 145 monthly. Centrally located, it’s within less than a mile of WPI and a short walk from Elm Park and other downtown amenities. Listed at a 7.35 cap rate, this property represents a valuable investment a growing Worcester market.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $10,312
- Utilities
- $663
- Transportation
- $132
- Other (entertainment)
- $125
Quick facts
Home features
Lot features
Gentle Sloping
Neighborhood — 01609
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 22,039 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 3.00% | 7.00% | 20.00% |
| Population Density | 5,551 | 786 | — |
| Male | 11,302 | 3,127,134 | 147,432,321 |
| Female | 10,737 | 3,317,797 | 151,655,844 |
| Never Married | 9,212 | 1,612,885 | 63,775,926 |
| Married | 5,664 | 2,586,314 | 123,120,365 |
| Separated | 1,128 | 247,857 | 12,639,686 |
| Widowed | 1,143 | 363,594 | 15,467,586 |
| Divorced | 1,667 | 436,888 | 23,075,029 |
| Number Of House Hold | 8,485 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.28 | 2.56 | 2.60 |
| Medial Age | 29.12 | 37.25 | 35.46 |
| Median House Hold Income | $32,521 | $57,698 | $48,276 |
| Average House Hold Income | $52,839 | $75,023 | $63,629 |
| P C I | $23,126 | $29,196 | $24,529 |
| M D I | $28,898 | $48,105 | $41,133 |
| A T H E | $44,838 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 86.49% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 5/17/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.