BEDS15
BATHS6 full
SQUARE FEET5,861
MLS#73469808
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Garage: 4
Lot Size: 0.22 Acres
Stories: 5.0
Taxes: $15,126
Year Built: 1920
Feature Descriptions
Building Area Total: 5861
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: 92
Dwelling Type: 5-9 Family
Exclusions: Tenants Personal Property
GarageY/N: Yes
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: M:08 B:001 L:00020,1769653
Parking Features: Shared Driveway
Parking Total: 10
Rooms Total: 28
Sewer: Public Sewer
Units: 6
Water: Public
Listed By / Shown By
Listed By
Agency Name: Property Investors & Advisors, LLC
Agency Phone: 774-413-0272
Agent Name: Brian Allen
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,532.90 per month $2,893.24 Principal & Interest $1,260.50 Property Tax $379.17 Homeowner's Insurance
78 Downing St | MLS# 73469808
This multi-family property located at 78 Downing St, Worcester, MA 01610 is currently listed for sale with an asking price of $1,300,000. Search Worcester real estate on www.masiellogrouprealestate.com today.