3 Chelsea St, Worcester, MA 01610
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3 Chelsea St, Worcester, MA 01610
3 Chelsea St, Worcester, MA 01610
3 Chelsea St, Worcester, MA 01610
3 Chelsea St, Worcester, MA 01610
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Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
$ 1,000,000
Est. payment /mo
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Active

3 Chelsea St Worcester, MA 01610

9 Beds

7 Baths

3,652 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,652 sqft

Price per Sqft $273

MLS Listing ID 73516009

Bedrooms 9

Full Baths 7

Year Built 1887

Annual Tax Amount $9,771

Tax Year 2026

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type 5-9 Family

Property Description

This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 7.8% cap rate at $142,857 per unit, this property represents a strong investment opportunity in the growing Worcester market.

Location

State MA

County Worcester

Zoning RG-5

Direction Use GPS

Exterior

Garage Spaces 5.0

Total Parking Spaces 15

Garage Yes

Building

Story 5

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay

NEARBY SCHOOL & BUSINESS

Lisa Sevajian

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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3 Chelsea St

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