Sold
78 Downing St, Worcester, MA
Worcester · MA 01610
- $1,275,000
- Price
- 15
- Beds
- 6
- Baths
- 5861
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
6 Units
Lot size:
9,518 Sq.Ft Lot
Price per square foot:
$222 / Sq.Ft
Parking:
4 Garage Spaces · 6 Off Street Spaces
About this home
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.
Neighborhood & Transit
78 Downing St, Worcester · MA 01610
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 288 days
- Listing Price:
- $1,300,000
- Price per Sq.Ft:
- $222
- Tax Assessment:
- $1,146,800 in 2025
- Taxes:
- $1,261 / Monthly
Home Facts
Interior Features
- Bedrooms
- 15
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 5,861 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 5861
- Flooring
- Unknown
- Lead paint
- Certified Treated, Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 9,518 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 4 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Brian Allen
- Listing office
- Property Investors & Advisors, LLC
- MLS PIN #
- 73469808
- Disclosure
- This is an Entry Only Listing,