
32 Catharine Street Worcester — Photo 1 of 42
$975,000
Investment Analysis — 32 Catharine Street
Worcester, MA 01605
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 01605 carries an estimated $7,230/mo in gross rent — about a 5.87% cap rate and $57,270/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
4
SqFt
5,503
Style
3 Family - 3 Units Up/Down
Built
1937
Exceptional Scale, Versatility & Investment Potential in Desirable Bell Hill! This expansive corner-lot 3-family offers 9 bedrooms, 4 baths, 4,620 sq. ft. of living area, an additional 886 sq. ft. of finished basement space, 6 off-street parking spaces including a detached 3-car garage. It presents a rare opportunity for an owner-occupant, multi-generational household, or investor seeking spacious living, rental income potential, and long-term value. Each apartment features 3 large bedrooms (11.5'x12.5', 10'x12'), spacious living (13'x14') and formal dining rooms (13'x14'), a bonus room (9.5'x12.5') suitable for an office, study, or fitness area, an oversized eat-in kitchen (12'x14') with galley prep area, built-in cabinetry, in-unit laundry, high ceilings, and oversized windows providing abundant natural light. Units 2 and 3 were extensively improved in 2026 with gleaming hardwood floors, fresh paint, new appliances, and updated tile bathrooms. Window-side sitting areas add inviting spaces to relax and enjoy the light and views. The fully finished, tile-floored 886 sq. ft. basement with full bath offers flexible space for recreation, gatherings, guests, hobbies, or other needs. Additional features include a paved driveway, enclosed side yard, updated electrical meter panels, and new gas heating units serving all three apartments. Conveniently located near I-290, I-190, the Mass Pike, restaurants, public transportation, UMass Memorial Medical Center, parks, shopping, and everyday amenities. A substantial and versatile property combining multiple spacious apartments, finished bonus space, extensive parking, garage capacity, and recent improvements—ideal for living, investing, generating income, or a combination of all three.
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
Amenities & Appliances
Range • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Listing Agent: Venetia Belleton
Listing Office: EZ Realty Brokerage, LLC
MLS® Number: 73581474