Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,550/month in rental income and a strong $106,100 NOI. Additional revenue comes from coin-op laundry and a heated basement storage/workshop. The property offers a desirable mix of three 2 bed/1 bath units and three 3 bed/1 bath units, plus a fully leased 4-car garage. All apartments are renovated with modern layouts that attract quality tenants. The building is sprinklered, fully insulated, separately metered with tenant-paid electric, and five units are deleaded. In a prime walk-to-campus location with consistent rental demand, this asset is ideal for portfolio buyers or 1031 investors seeking stable income, long-term appreciation, and minimal deferred maintenance. All apartments are leased through Summer 2027. Both garages rented for $700/month, and a basement storage unit can add $200/month when leased.
- Parking:
- Shared Driveway
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking:
- 4
- Lead Paint:
- Unknown, Certified Treated
- Market Time:
- 43
- Parking Spaces:
- 10
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $222
- Zoning:
- RG-5
- No Units:
- 6
- Orig Price:
- $1,550,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01610
- Longitude:
- W72° 10' 31.8''
- Latitude:
- N42° 15' 13.2''
Residential Income
78 Downing St, Worcester, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,300,000
- Bedrooms :
- 15
- Rooms :
- 28
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 5,861 Sqft
- Year Built :
- 1920
- Lot Area :
- 0.22 Acre
- Listing ID :
- 73469808
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
