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$1,000,000
Est. payment /mo
9 Beds
7 Baths
3,652 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,652 sqft
Price per Sqft $273
MLS Listing ID 73516009
Bedrooms 9
Full Baths 7
Year Built 1887
Annual Tax Amount $9,771
Tax Year 2026
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type 5-9 Family
Property Description
This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 7.8% cap rate at $142,857 per unit, this property represents a strong investment opportunity in the growing Worcester market.
Location
State MA
County Worcester
Zoning RG-5
Direction Use GPS
Exterior
Garage Spaces 5.0
Total Parking Spaces 15
Garage Yes
Building
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
NEARBY SCHOOL & BUSINESS
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