Description
Huge Price Adjustment!! Exceptional Worcester investment opportunity offering strong existing income and future value-add potential! Generating approximately **$108,000 in annual gross income, including income from the detached garage**, this substantial multifamily offers more than **3,600 sq. ft. of living area**, 5 baths and a flexible layout providing multiple income-producing spaces. The detached two-car garage is currently rented for **$500 per month**, contributing to the property's overall income. Converted from oil to **natural gas**, the property also offers an impressive **9 off-street parking spaces**-a valuable feature for a multifamily investment. Situated on an oversized **15,026± sq. ft. lot bordering two streets**, the property may offer intriguing possibilities for future expansion, subdivision or other value-add opportunities, subject to buyer due diligence and all required municipal approvals. Additional features include a full basement with workshop and storage space, two enclosed three-season porches offering additional usable space, hardwood flooring in portions of the property, and a generously sized backyard. Located in Worcester's **Webster Square area**, the property is conveniently situated **near Coes Pond and its recreational amenities**, while also providing easy access to shopping, restaurants, parks, public transportation and major commuter routes. With strong current income, abundant parking, a substantial lot and opportunities to further enhance the property over time, this is an outstanding opportunity for an investor looking to add an income-producing Worcester multifamily to their portfolio. **Invest now, generate income today, and explore the possibilities for tomorrow!** Unit 4 to be delivered vacant.
Details
| MLS # | 73551599 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 71 |
| Listing Provided By | Lamacchia Realty, Inc. | Carlena Desmond |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,632 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Zoning | RL-7 |
| Acreage | 0.34 |
Interior
| Rooms Total | 18 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Wood, Vinyl, Laminate |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Concrete Perimeter, Stone |
| Lot Features | Level, Other |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 8419 |
|---|---|
| Tax Assessed Value | 638300 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Shopping, Park, Medical Facility, Laundromat |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01603 |
| Area | Webster Square |
| Listing VS Median (in 01603) | |
Price: $789,900 low | high Med: $380,000 sqft: 3,632 low | high Med: 1,456 $ / sqft: $217 low | high Med: $261 On site: 71 low | high Med: 60 | |
Market Activity 01603
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Learn More About This Property
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01603 |
| Area | Webster Square |
| Listing VS Median (in 01603) | |
Price: $789,900 low | high Med: $380,000 sqft: 3,632 low | high Med: 1,456 $ / sqft: $217 low | high Med: $261 On site: 71 low | high Med: 60 | |
 | $874,9006 Buffum StWorcester, MA 01603 |