Description
You can send your kids to college completely for free just by living in this freshly updated, fully vacant three-decker home at 5 Freeland Terrace. This is a life-changing opportunity for a hardworking family to stop paying rent, build real wealth, and secure a bright future. By living in one spacious unit and renting out the other two floors, your tenants will help pay your mortgage while you gain a path to higher education that usually feels out of reach. This rare property sits in a special neighborhood zone where anyone who lives here for five consecutive years qualifies to attend Clark University tuition-free. This massive benefit applies to you, your kids, extended family, and even your tenants, making it incredibly easy to find renters. To qualify for this amazing program, a person just needs to live in this neighborhood zone for at least five full, continuous years before starting college, apply and meet Clark University's standard academic rules to get in, and remember that while the scholarship pays for 100% of the tuition, families still cover housing, food, and books. Units 1 & 3 are certified deleaded and because the entire building is recently renovated and completely empty, you can move right in, choose your own tenants, or maximize your cash flow by exploring room-by-room student rentals.
Details
| MLS # | 73568993 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 32 |
| Listing Provided By | Redfin Corp. | John Snyder |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,198 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | RG-5 |
| Acreage | 0.07 |
Interior
| Rooms Total | 18 |
|---|---|
| Heating Yes / No | Yes |
| Heating | Natural Gas, Electric |
| Interior Features | Living Room, Kitchen, Family Room |
| Window Features | Insulated Windows |
| Appliances | Range, Refrigerator |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Stone |
| Fencing | Fenced/Enclosed |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 6488 |
|---|---|
| Tax Assessed Value | 491900 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Park, Highway Access, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01603 |
| Area | Worcester |
| Listing VS Median (in 01603) | |
Price: $700,000 low | high Med: $380,000 sqft: 3,198 low | high Med: 1,456 $ / sqft: $219 low | high Med: $261 On site: 32 low | high Med: 62 | |
Market Activity 01603
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Learn More About This Property
| State | MA |
|---|---|
| County | Worcester |
| City | Worcester |
| Zip Code | 01603 |
| Area | Worcester |
| Listing VS Median (in 01603) | |
Price: $700,000 low | high Med: $380,000 sqft: 3,198 low | high Med: 1,456 $ / sqft: $219 low | high Med: $261 On site: 32 low | high Med: 62 | |
 | $679,000106 Illinois StWorcester, MA 01603 |
 | $659,00012 Ives StWorcester, MA 01603 |