62 Westminster Street Worcester — Photo 1 of 28
$799,900
Investment Analysis — 62 Westminster 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 $7,040/mo in gross rent — about a 6.99% cap rate and $55,890/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
4
SqFt
3,200
Style
3 Family
Built
1920
OPEN HOUSE THURSDAY 5:00-6:30PM AND SATURDAY 12:00-2:00PM**ATTENTION OWNER OCCUPANTS AND INVESTORS! THIS TURNKEY 3-FAMILY DWELLING HAS BEEN WELL MAINTAINED AND THOUGHTFULLY RENOVATED FOR MODERN LIVING. FEATURING AN OPEN-CONCEPT KITCHEN AND DINING AREA, STAINLESS STEEL APPLIANCES—INCLUDING RANGE, FRIDGE, DISHWASHER, AND MICROWAVE—WHITE CABINETRY, AND GRANITE COUNTERTOPS. HARDWOOD FLOORING RUNS THROUGHOUT ALL FLOORS, COMPLEMENTED BY TILE IN THE BATHROOMS. THE FIRST AND SECOND-FLOOR UNITS EACH BOAST THREE BEDROOMS AND 1.5 BATHS, WHILE THE THIRD-FLOOR UNIT OFFERS TWO BEDROOMS AND A FULL BATH. EACH UNIT INCLUDES A SPACIOUS KITCHEN, LIVING ROOM, AND THE CONVENIENCE OF IN-UNIT LAUNDRY. PERFECT FOR OWNER-OCCUPANTS SEEKING A MOVE-IN READY HOME LOOKING FOR A SOLID MORTGAGE HELPER. WITH APPROXIMATELY 3,200 SQUARE FEET OF LIVING SPACE AND 6 OFF-STREET PARKING FOR YOUR VEHICLES, THIS PROPERTY IS CONVENIENTLY LOCATED NEAR DOWNTOWN WORCESTER, POLAR PARK, AND ALL MAJOR HIGHWAYS (I-290, ROUTE 146, I-90). A RARE FIND—DON’T MISS OUT! CONTACT YOUR REALTOR TODAY TO SCHEDULE A SHOWING!
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 MLS and other third-party data may be inaccurate or out of date.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.
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Public Transportation • Medical Facility • Highway Access • House of Worship • Public School • Other
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Listing Agent: Christina Kelly
Listing Office: ALL CAPITAL REALTY, LLC
MLS® Number: 73580736