Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.
- Basement:
- Full, Walk-out Access, Interior Entry, Unfinished, Concrete
- Parking:
- Common, Off Street, Paved, Paved Drive, Shared Driveway
- Construction:
- Frame
- Flooring:
- Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- media room and common lobby area were taken prior to the current building renovation taking place.
- Electric Feature:
- Circuit Breakers, 220 Volts, Common
- Garage Parking
- Lead Paint:
- Unknown
- Laundry Features:
- Washer Hookup, Electric Dryer Hookup
- Road Type:
- Paved
- Area:
- South Worcester
- Market Time:
- 4
- Parking Spaces:
- 17
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $151
- Zoning:
- RG-5
- No Units:
- 17
- Orig Price:
- $1,580,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01610
- Longitude:
- W72° 10' 58.5''
- Latitude:
- N42° 15' 14.3''
Residential Income
5 Claremont Street, Worcester, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,580,000
- Bedrooms :
- 17
- Rooms :
- 30
- Total Bathrooms :
- 4
- Full Bathrooms :
- 4
- Square Footage :
- 10,450 Sqft
- Year Built :
- 1896
- Lot Area :
- 0.68 Acre
- Listing ID :
- 73514871
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com