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1038 Main St, Worcester, MA, 01603

12beds
6baths
5,802sqft
$1,150,000
$198price/sqft
$8,723/moest. monthly cost
$348,920/yrincome needed

About This Home

Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include newer vinyl siding, newer vinyl replacement windows, and a newer rubber roof. Interiors feature fresh paint, recently refinished hardwood floors, and updated hardware. Two parking spots (tandem) behind property can provide additional rental income. Ideal for investors seeking a hassle-free, income-producing asset in a vibrant area with strong rental demand from students and professionals.

Getting Around

88
WalkingVery Walkable
38
TransitSome Transit
47
BikeSomewhat Bikeable

Schools

4/10
5/10
Jacob Hiatt Magnet SchoolGrades PK-61.2 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Stone
  • Roof: Rubber
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 4 Family - Rooming House

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Flooring: Hardwood
  • Finished area above ground: 5,802

Interior Area

  • Total structure area: 5,802
  • Total interior livable area: 5,802 sqft

Property

Details

  • Parcel number: 1769972
  • Zoning: BG-2

Lot

  • Lot size: 3,813 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Off Street
  • Uncovered spaces: 2