Worcester Multifamily Homes

MLS Number 73008464

• MultiFamily
• Bedrooms 46
• Bathroom 21
• Square Feet 20,877
• Parking Spaces 20

6-building / 20-apartment portfolio located in Worcester, Massachusetts. The portfolio contains (5) 3-unit properties, and (1) 5 Unit property with the entirety of the buildings being rented to Section-8 tenants. The properties have an attractive unit mix of studio, one, two, three and four bedrooms. All properties but 12 Channing St contain full lead compliance letters as well as recent renovated kitchens, baths, plumping and electrical throughout. In addition, all the roofs on the properties are 15 years old or newer. Each building has separate high-efficiency utilities responsible by the tenants, off-street parking and laundry. Investors can expect a net income of over $260k+ and a 7.39% cap rate based on the current in place income with 100% occupancy. Properties can be bought with 2nd portfolio at MLS 73015439 or individually.

Listed by Matthew Pierce of Marcus & Millichap Real Estate Investment Services

MLS Number 73015439

• MultiFamily
• Bedrooms 42
• Bathroom 21
• Square Feet 22,302
• Parking Spaces 11

4-building / 11-apartment portfolio located in Worcester, Massachusetts. The portfolio contains (3) 3-unit properties and (1) 2-unit property. The entirety of the portfolio is a five minute walk to WPI's campus and are currently rented out by WPI undergrad/grad students. All four properties have a recently updated kitchens and bathrooms as well as newer roofs and siding that are less than 10 years old. The entirety of the portfolio contains gas heating with individual high efficiency heating systems in two of the four properties with all separate utilities responsible by the tenant with off-street parking and laundry available. Investors can expect a net income over $200k and a 6+% cap rate based on the in-place income with 100% occupancy in a highly demanded area of Worcester. Properties can be bought with 2nd portfolio listed at MLS 73008464 or can be bought individually.

Listed by Matthew Pierce of Marcus & Millichap Real Estate Investment Services

MLS Number 73026448

• MultiFamily
• Bedrooms 24
• Bathroom 10
• Square Feet 14,276
• Property SubType 5-9 Family

Location, Location, Location, Investors don’t miss this unique opportunity. 3 multifamily building portfolio located just steps away from Elm Park with shopping, restaurants, WPI and more, all within walking distance. Family owned for many years this portfolio consists of (1) 3-family building and (2) - 4 family buildings. Buildings are in great condition with good size apartments making this a great addition to an investment portfolio. Some units have been updated. Mostly long term tenants with plenty of room to raise rents to market.

Listed by James Glickman of NAI Glickman Kovago & Jacobs

MLS Number 72989015

• MultiFamily
• Bedrooms 5
• Bathroom 6
• Square Feet 5,191
• Parking Spaces 8

High Revenue Generated Income Property! This Rare Commercial/Residential Mixed Use Property is in the WPI Location and close to WSU, Assumption College, MCPH, (College Central), Courthouse and Union Station-Train Station. All Major Rtes. 290, 190, Rte 20, 146 &122 as well as Worcester Airport operated by Mass Port. A very well maintained 4 unit- the property currently generates $120,792.00 with an additional income available from a finished office space in lower level that is carpeted, HVAC, plastered walls and full tiled bathroom. The Commercial unit is leased by a Dental Office on 64 Highland Street with 3 yrs. remaining on the lease and an option to renew the Dental Office Lease. All 3 apartments are leased (TAW) and have wonderful tenants. Location is on the corner of Highland and Dean Street, Location is everything!!!Lead Paint Certificates available on all units! Dentist is triple net rent!

Listed by Karynsue Marchione-Reilly and Sharon Setaro of Park Place Realty Enterprises

MLS Number 73038728

• MultiFamily
• Bedrooms 27
• Bathroom 12
• Square Feet 8,607
• Parking Spaces 12

161-163 ½ Grand Street in Worcester, Massachusetts consists of three (3), three-story buildings on a single parcel. The property contains twelve (12) total units, comprised of three (3), 3-Bedroom/1-Bathroom units and nine (9), 2-Bedroom/1-Bathroom units. The current rents are significantly below market. Five (5) units will be delivered vacant, providing the incoming owner with the opportunity to increase rents to market rates via programmatic updates to the units in a highly & supply-constrained urban infill residential market. Each unit is separately metered for electricity and gas (heat and hot water), which the Tenants pay directly. 163 Grand Street has a brand-new rubber roof (2022). 161-163 ½ Grand Street includes ample parking for residents with 12 off-street parking spaces, as well as on-site, coin-op laundry. The property is just .25 miles from Main South CDC's 45-unit housing development at 92 Grand Street & roughly 1.6 miles from the MBTA stop at Worcester's Union Station.

Listed by Ryan Benton of Horvath & Tremblay

MLS Number 73031135

• MultiFamily
• Bedrooms 5
• Bathroom 5
• Square Feet 4,656
• Parking Spaces 7

19 Yr. Old Ground Up 4 Family one owner and occupied located on dead end St. with single family homes on both sides and across the st. Constructed with hurricane rated roof, fire sprinkler system throughout, new smoke/co2 detectors, one year old water heater, everything maintained. Common laundry in basement. Heated oversized 2 car garage can hold 4 minis or 2 large SUVS plus large storage/work area. Each unit are floor throughs with ceramic tile kitchens and bathrooms. Ample closet space. Rents are all tenancy at will and under market. Rents could range from 1300 to 1500. Each one bed could potentially be converted to 2 bedrooms each. Landscaped maintenance free lot with perennials and bushes. 7 off street parking spaces and 2 hearted garage spaces. Common laundry in basement. Area for snow storage for plowing parking spaces. Level lot. Property is in great shape.

Listed by Pavlina Tollkuci of ALL CAPITAL REALTY,LLC

MLS Number 73043716

• MultiFamily
• Bedrooms 8
• Bathroom 4
• Parking Spaces 2
• Property SubType 3 Family

Location, Location, Location, Investors don't miss this one. 4 unit building located just steps away from Elm Park, with shopping, restaurants, WPI and more, all located within walking distance. Family owned for many years. 2-one bedroom apartments and 2-3bedroom apartments. Can also be purchased with 120 & 122 Elm St. See listing #73026448

Listed by James Glickman of NAI Glickman Kovago & Jacobs

MLS Number 73033597

• MultiFamily
• Bedrooms 7
• Bathroom 4
• Square Feet 3,519
• Parking Spaces 8

This three family is on a half acre plus lot with loads of lawns and trees! A bit of country in the city. Near Elm Park, across from Price Chopper. Gorgeous woodwork and architectural detail. All separate utilities including owner's electrical panel. Desirable gas heat. Long term tenants, first floor vacant for new owner. Much recent painting and updating. Excellent rental area for WPI students or families. The lot has 238 feet of frontage and includes a paved parking lot for at least 8 cars. Washer/dryer hookups and electric appliances. Rear decks are a plus. On bus line. Open house Saturday October 1st from 1:00 to 3:00.Also available with # 4 Lee Street (two family) next door, immediately to the right.

Listed by Michael R. Parent and Janet Parent of Parent Real Estate

MLS Number 73004651

• MultiFamily
• Bedrooms 9
• Bathroom 3
• Square Feet 4,303
• Parking Spaces 2

Classic Worcester three family awaits it's new owner. This property has potential for great rental income - Current, "at-will" tenants all paying well below market rate. Each unit has three bedrooms; in-unit washer/dryer hookups; large, updated eat-in kitchen; updated bathrooms; large dining and living rooms; beautiful woodwork; and plenty of storage. There is a fenced yard, off street parking and a two car garage. Close to all of Worcester's cultural offerings: Restaurants, Woo Sox Stadium, shopping, art museum, all major highways and so much more.

Listed by Kelleher Team, Sara Kelleher and Sean Leary of Coldwell Banker Realty - Worcester