Property Description
Exceptional 3-family investment opportunity in a prime Worcester location. Ideal for both investors and owner-occupants, this property presents an opportunity for steady cash flow and long-term value. The fully renovated third-floor unit, complete with a brand-new heating system, adds immediate value and reduces future capital expenses, making this a smart long-term hold. The remaining units provide steady rental income, and each unit features washer and dryer hookups. With a pro forma cap rate exceeding 7%, this is a solid income-producing asset with upside. Conveniently located near major highways, shopping, dining, and local amenities, this property is a standout addition to any portfolio.
Features
- Heating System:
- Forced Air, Natural Gas
- Basement:
- Full, Dirt Floor, Interior Entry, Unfinished
- Parking:
- Tandem, Off Street, Paved Drive
- Appliances:
- Range, Refrigerator
- Construction:
- Frame
- Exterior Unit Features:
- Balcony, Balcony/deck
- Flooring:
- Vinyl, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- HW Tank 2025. 2 fridges
- Garage Parking
- Interior Features:
- Kitchen, Dining Room, Lead Certification Available, Living Room, Remodeled
- Lead Paint:
- Certified Treated
- Laundry Features:
- Washer Hookup, Dryer Hookup
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water)
Additional Information
- Market Time:
- 6
- Parking Spaces:
- 3
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $186
- Zoning:
- RG-5
- No Units:
- 3
- Orig Price:
- $699,900
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
Address Map
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01610
- Longitude:
- W72° 10' 41.7''
- Latitude:
- N42° 15' 24.8''
Residential Income
62 May St, Worcester, Massachusetts
10 Bedrooms
3 Total Bathrooms
3,765 Sqft
$699,900
Listing ID #73501533
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $699,900
- Bedrooms :
- 10
- Rooms :
- 16
- Total Bathrooms :
- 3
- Full Bathrooms :
- 3
- Square Footage :
- 3,765 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.14 Acre
- Listing ID :
- 73501533
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent