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$ 1,550,000
Est. payment /mo
Open Sun 12PM-1:30PM
78 Downing St Worcester, MA 01610
15 Beds
6 Baths
5,861 SqFt
Open House
Sat Jan 24, 11:00am - 1:00pm
Sun Jan 25, 12:00pm - 1:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,861 sqft
Price per Sqft $264
MLS Listing ID 73469808
Bedrooms 15
Full Baths 6
Year Built 1920
Annual Tax Amount $15,126
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type 5-9 Family
Property Description
Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,350/month in rental income and a strong $103,700 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 and garages are leased: front units through Summer 2027 and rear units through Summer 2026. Both garages rent for $700, and a basement storage unit can add $200/month when leased.
Location
State MA
County Worcester
Zoning RG-5
Direction off Park Ave, By Clark University
Exterior
Garage Spaces 4.0
Total Parking Spaces 14
Garage Yes
Building
Lot Description Level
Story 5
Foundation Irregular
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Property Investors & Advisors, LLC
School and business data provided by Attom Data.