BEDS17
BATHS4 full
SQUARE FEET10,450
MLS#73514871
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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 investors 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 todays market.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Lot Size: 0.68 Acres
Stories: 3.0
Taxes: $16,560
Year Built: 1896
Feature Descriptions
Building Area Total: 10450
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 36
Dwelling Type: 5+ Family - Rooming House
Electric: 220 Volts, Circuit Breakers, Common
Exterior: Frame
Flooring: Hardwood
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Features: Corner Lot, Additional Land Avail., Gentle Sloping
Open Parking Y/N: Yes
Parcel Number: 1768060
Parking Features: Paved Drive, Shared Driveway, Off Street, Common, Paved
Parking Total: 17
Patio And Porch: Porch
Road Responsibility: Public Maintained Road
Rooms Total: 30
Sewer: Public Sewer
Units: 17
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Water: Public
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Belmont
Agent Name: DelRose McShane Team
Agency Phone: 617-484-5300
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,765.68 per month $2,993.39 Principal & Interest $1,380.00 Property Tax $392.29 Homeowner's Insurance
5 Claremont Street | MLS# 73514871
This multi-family property located at 5 Claremont Street, Worcester, MA 01610 is currently listed for sale with an asking price of $1,345,000. Search Worcester real estate on www.masiellogrouprealestate.com today.