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$1,499,000
Est. payment /mo
18 Beds
7.5 Baths
5,596 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,596 sqft
Price per Sqft $267
MLS Listing ID 73565816
Bedrooms 18
Full Baths 7
Half Baths 1
Year Built 1920
Annual Tax Amount $11,205
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type 5-9 Family
Property Description
Exceptional WPI Student Housing Investment Opportunity! Massive, fully occupied 7-unit property with monthly income of $14,200 and ideally located within close proximity of WPI and the heart of Worcester's premier student rental corridor. All seven apartments are leased through Summer 2027, providing immediate, stable cash flow, with six of seven units leased to WPI students. Electricity is separately metered, with tenants responsible for their own electric and internet, helping keep operating expenses low. Recent capital improvements include a new roof with gutter system, upgraded electrical service and panels, and extensive interior updates throughout multiple apartments. Additional income is generated by the on-site coin-op laundry. A true turnkey investment offering strong tenant demand, long-term income stability, and an exceptional location just minutes from WPI, restaurants, shopping, and all downtown Worcester can offer. Rare opportunity to acquire a fully leased, student-focused asset with near-term income security. apt 1: 2bd 1 ba: $1500 apt 2: 2bd 1ba: $1500 apt 3: 3bd 1ba: 2100 apt 4: 2bd 1ba: 1700 apt 5: 3bd 1ba :$2100 apt 6: 1bd 1ba: $1400 apt 7: 5 bd 1.5ba: $3900.
Location
State MA
County Worcester
Zoning RL-7
Direction Off Elm street By WPI
Interior
Fireplaces Number 5
Exterior
Total Parking Spaces 6
Garage No
Building
Lot Description Other
Story 5
Foundation Irregular
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Property Investors & Advisors, LLC
NEARBY SCHOOL & BUSINESS
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