Excellent opportunity for an investor or owner-occupant with this well-maintained three-family property in Warren. The property offers a strong combination of existing income and immediate rental upside, with two units recently renovated, cleaned, and intentionally left vacant, giving the new owner the flexibility to select their own tenants, establish current market rents, or occupy one of the units.The third unit is currently rented for $1,300 per month, slightly below the estimated market rent of approximately $1,450 per month. The two vacant units are also projected at approximately $1,450 per month each, creating the potential for approximately $4,350 per month / $52,200 annually in gross rental income if all three units were rented at the stated market rent.The available units feature bright, clean interiors, updated kitchens and baths, neutral finishes, and spacious living areas. The property has been prepared for its next owner, allowing for a relatively straightforward transition into leasing the vacant units.Whether you're looking to house hack by living in one unit while collecting rent from the others or add a three-family property with value-add rental potential to your portfolio, 723 Main Street offers multiple options from day one.Two renovated units are vacant and ready for occupancy or new tenants. One unit is currently income-producing at $1,300/month. A great opportunity to acquire a multi-family property with both existing cash flow and room to increase income.
| MLS # | 73579253 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1897 |
| Days On Site | 9 |
| Listing Provided By | Boardwalk Properties | Elias Kassis |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,348 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | VIL |
| Acreage | 0.18 |
| Rooms Total | 18 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Foundation Details | Stone, Brick/Mortar |
|---|---|
| Lot Features | Cleared, Level |
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street |
| Sewer | Public Sewer |
|---|
| Tax Annual Amount | 2944 |
|---|---|
| Tax Assessed Value | 198800 |
| Tax Year | 2025 |
| Senior Community Yes / No | No |
|---|
| State | MA |
|---|---|
| County | Worcester |
| City | Warren |
| Zip Code | 01083 |
| Area | Worcester |
| Listing VS Median (in 01083) | |
Price: $450,000 low | high Med: $408,950 sqft: 3,348 low | high Med: 2,496 $ / sqft: $134 low | high Med: $170 On site: 9 low | high Med: 70 | |
| State | MA |
|---|---|
| County | Worcester |
| City | Warren |
| Zip Code | 01083 |
| Area | Worcester |
| Listing VS Median (in 01083) | |
Price: $450,000 low | high Med: $408,950 sqft: 3,348 low | high Med: 2,496 $ / sqft: $134 low | high Med: $170 On site: 9 low | high Med: 70 | |
![]() | $320,00054 Bacon StWarren, MA 01083 |