Active
7 Days on market
31 Chrome Street Worcester — Photo 1 of 40

31 Chrome Street Worcester — Photo 1 of 40

$1,195,000

Investment Analysis — 31 Chrome Street

Worcester, MA 01604

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 2 vacant units, a 4-unit multi-family in 01604 carries an estimated $9,392/mo in gross rent — about a 6.41% cap rate and $76,598/yr in estimated NOI at the $1,195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

10

Baths

4

SqFt

4,825

Style

4 Family - 4 Units Up/Down

Built

1920

Opportunities like 31 Chrome Street don’t come around often. If you’ve been searching for a truly turnkey investment where the heavy lifting has already been done, this well maintained 4-family property in the heart of Worcester is the one. This multi-family features three spacious 3-bedroom units and one 1-bedroom unit, al designed for long-term appeal. The setup is a landlord’s dream: every unit has separate utilities and dedicated in-unit laundry hookups. Recent capital improvements provide peace of mind, including a rubber roof installed just over a year ago, a brand-new concrete basement floor, a new hot water tank, and two new refrigerators. Outside, the property offers a rare find for the city: a 3-car paved driveway plus a garage, ensuring parking for tenants. The location is a major driver for consistent, high-quality occupancy. You are positioned just minutes from UMass Memorial, local universities, and the biotech hub, making this an ideal spot for long-term residents, students, or travel nursing professionals. Commuting is a breeze with immediate access to the Mass Pike, I-290, and I-190, and you’re just one mile from the commuter rail at Union Station. When it’s time to head out, the vibrant dining and entertainment scene on Shrewsbury Street is only two miles away. With strong cash flow potential this well maintained property is a strategic addition to any portfolio. Whether you're looking for a reliable income producer or a smart owner-occupant setup, this property is ready to perform.

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

Original Price$1,195,000
Annual Taxes$9,056.96

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms21
FireplacesNone
FlooringTile, Carpet, Hardwood
BasementInterior Entry, Concrete

Climate & Utilities

HeatingNatural Gas, Individual, Forced Air
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationStone
ZoningRG-5

Property & Lot

Acres0.14
SqFt Lot5,913
Lot FeaturesCleared

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Property History

Listed
$1,195,000

Sep 19, 2026

MLS® 73579910

Terminated
$2,250

Sep 14, 2026

MLS® 73522218

Listed
$2,250

May 21, 2026

MLS® 73522218

Listing Provided By

Listing Agent: Caroline Morson

Listing Office: Compass

MLS® Number: 73579910