22 Waverly St Worcester — Photo 1 of 40
$10,000,000
Investment Analysis — 22 Waverly St
Worcester, MA 01604
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01604 carries an estimated $1,740/mo in gross rent — about a -1.04% cap rate and $-104,131/yr in estimated NOI at the $10,000,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
--
SqFt
33,780
Style
Other
Built
1900
Rare opportunity to own a fully renovated 32-unit apartment building in a prime location! This historic school building has been completely modernized with a new roof, all new utilities, and updated interiors throughout. Featuring 30 spacious 1-bedroom apartments and 2 stylish studios, each unit offers quartz countertops, new appliances, and modern finishes. Residents benefit from 19 storage areas, 3 parking lots, a ButterflyMX intercom system, and a full security system. Perfectly situated within walking distance to Polar Park, fine restaurants, and the vibrant nightlife scene, with quick access to major highways for commuting convenience. This property blends historic charm with modern living, making it a highly desirable choice for tenants seeking comfort, safety, and convenience in the heart of the city.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$10,000,000
Sep 23, 2026
MLS® 73581620
$11,900,000
Jun 30, 2026
MLS® 73436659
$1,950
Apr 26, 2026
MLS® 73507541
$1,850
Apr 26, 2026
MLS® 73507539
$1,650
Apr 26, 2026
MLS® 73507536
$11,900,000
Sep 28, 2025
MLS® 73436659
Listing Agent: Mulryan And Maher Group
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73581620