Discover an exceptional investment opportunity with this fully renovated 4-family rental property situated on a desirable corner lot in Worcester! This property boasts modern upgrades throughout, including all new mechanical systems—plumbing, electrical, and heating. Each unit features energy-efficient tankless on-demand hot water heaters, along with stylish quartz countertops and stainless steel appliances, ensuring both comfort and luxury for tenants. Currently, three units are vacant and ready for new tenants, making it ideal for an investor looking to maximize rental income. The top-floor unit is already generating $2,300 per month, providing a strong foundation for your investment. Additional highlights include off-street parking for six cars, a rare convenience in the area. This property is strategically located near Worcester's largest hospitals and a variety of popular restaurants, making it appealing to potential renters.
Sold for $970,000
$970,000
40-42 Merrifield St, Worcester, MA 01605
12beds
4,770sqft
4 Family - 4 Units Up/Down
Built in 2024
-- sqft lot
$-- Zestimate®
$203/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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$6,144/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: January 07, 2025 at 08:05pm
Listed by:
Benjamin Kovacs 774-217-2268,
Young Realty Group, LLC 774-217-2268,
Mark Savage 781-789-4902
Bought with:
Candor Realty Group
Four Points Real Estate, LLC
Source: MLS PIN,MLS#: 73304804
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Laundry: Electric Dryer Hookup
Features
- Flooring: Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,770
- Total interior livable area: 4,770 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off Street
- Uncovered spaces: 6
Features
- Patio & porch: Enclosed, Deck - Wood
- Fencing: Fenced
- Has view: Yes
- View description: City View(s)
Lot
- Size: 9,294 sqft
- Features: Corner Lot
Details
- Parcel number: M:16 B:012 L:00020
- Zoning: RG-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family - 4 Units Up/Down
Materials
- Frame
- Foundation: Block, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 2024
Utilities & green energy
- Electric: 100 Amp Service, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Dryer
Community & neighborhood
Community
- Community features: Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks
Location
- Region: Worcester
HOA & financial
Other financial information
- Total actual rent: 9500
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2024 | Sold | $970,000-1%$203/sqft |
Source: MLS PIN #73304804 Report a problem | ||
| 10/22/2024 | Listed for sale | $980,000$205/sqft |
Source: MLS PIN #73304804 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01605
Nearby schools
GreatSchools rating
- 6/10Belmont Street Community SchoolGrades: PK-6Distance: 0.2 mi
- 4/10Worcester East Middle SchoolGrades: 7-8Distance: 1.2 mi
- 1/10North High SchoolGrades: 9-12Distance: 1.3 mi
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- Massachusetts
- Worcester County
- Worcester
- 01605
- 40-42 Merrifield St