Incredible investment opportunity! Rare, well maintained 7 unit property with just under an 8% cap rate and a monthly rent roll of $9,900 with room for growth. (4) 1-bedroom units, (2) 2-bedroom units, (1) 2 story 2-bedroom cottage 9230 square feet on .26 acre lot. All units are separately metered and tenants pay their own utilities. The location is hard to beat being minutes to all major highways, the train station, airport, restaurants, shopping, hospitals, colleges/universities and Polar Park making it an ideal location for all tenants and for APPRECIATION! Group showing Sunday June 4th 11am-2pm. Investors, you won’t want to miss this!** View Offer Memorandum in attached documents for further details.
Sold for $1,070,000
$1,070,000
5 Palm St, Worcester, MA 01604
8beds
5,600sqft
5-9 Family
Built in 1925
-- sqft lot
$1,188,000 Zestimate®
$191/sqft
$2,293 Estimated rent
Home value
$1,188,000
$1.08M - $1.31M
$2,293/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: August 05, 2023 at 12:10pm
Listed by:
Benjamin Carbone 860-382-6184,
Byrnes Real Estate Group LLC 833-429-7637,
Brooke Coughlin 508-612-0821
Bought with:
George Bahnan
Top View Realty
Source: MLS PIN,MLS#: 73115091
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Appliances
- Laundry: Washer Hookup
Features
- Flooring: Wood, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,600
- Total interior livable area: 5,600 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street
- Uncovered spaces: 2
Features
- Patio & porch: Enclosed
Lot
- Size: 0.26 Acres
- Features: Corner Lot
Details
- Additional structures: Shed(s)
- Parcel number: M:18 B:003 L:00196,1780074
- Zoning: RG-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1925
Utilities & green energy
- Electric: Varies per Unit
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, Washer Hookup, Varies per Unit
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Golf, Medical Facility, Highway Access, Private School, Public School, University
Location
- Region: Worcester
HOA & financial
Other financial information
- Total actual rent: 9900
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2023 | Sold | $1,070,000-10.8%$191/sqft |
Source: MLS PIN #73115091 Report a problem | ||
| 5/29/2023 | Listed for sale | $1,200,000+166.7%$214/sqft |
Source: MLS PIN #73115091 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/13/2017 | Listing removed | $449,900$80/sqft |
Source: Owner Report a problem | ||
| 3/13/2017 | Listed for sale | $449,900$80/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01604
Nearby schools
GreatSchools rating
- 3/10Union Hill SchoolGrades: K-6Distance: 0.3 mi
- 4/10Worcester East Middle SchoolGrades: 7-8Distance: 0.1 mi
- 1/10North High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$1,188,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,188,000