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!**
34 days
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508
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14
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Zillow last checked:
Listing updated:
Listed by:
Carlena Desmond508-685-0223,
Lamacchia Realty, Inc.508-425-7372
Source: MLS PIN,MLS#: 73551599
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 5
Full bathrooms: 5
Features
Flooring: Wood, Vinyl, Laminate
Basement: Full,Interior Entry,Unfinished
Has fireplace: No
Interior area
Total structure area: 3,632
Total interior livable area: 3,632 sqft
Finished area above ground: 3,632
Finished area below ground: 0
Property
Parking
Total spaces: 9
Parking features: Paved Drive, Off Street
Garage spaces: 2
Uncovered spaces: 7
Features
Patio & porch: Porch, Enclosed
Lot
Size: 0.34 Acres
Features: Level, Other
Details
Parcel number: M:08 B:021 L:05+7A,1770018
Zoning: RL-7
Construction
Type & style
Home type: MultiFamily
Property subtype: 4 Family
Materials
Frame
Foundation: Concrete Perimeter, Stone
Roof: Shingle
Condition
Year built: 1920
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat