This well-maintained 6-unit property at 42 Lewis Street in Worcester, Massachusetts, consists of six 2-bedroom/1-bathroom units, totaling 5,592 sq. ft. of living space on a 0.30-acre parcel. Each unit is separately metered for electricity, heat, and hot water, with all utilities paid directly by the tenants. Additionally, the property features ample on-site parking for residents.Positioned on the edge of the South Worcester neighborhood, this property benefits from proximity to major local institutions, including the College of the Holy Cross and Clark University. Worcester's dynamic downtown offers a blend of employment and entertainment options, from the DCU Center and Palladium venues to the UMass Memorial Medical Center, the city's largest employer. With a vibrant student population of over 36,000 across eight colleges and universities, this property represents a valuable investment opportunity in the thriving Worcester rental market.
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Last Updated: November 15th, 2024 at 6:48am
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General Information for 42 Lewis St, Worcester, Massachusetts 01610
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,200,000
Price per sqft$214.59
MLS #73308998
Handicap Access / FeaturesNo
List Date2024-11-01
Special Listing ConditionsNo
StateMassachusetts
Street NameLewis St
CityWorcester
Zip Code01610
CountyWorcester
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date20/01/2025
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total5592
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress42 Lewis St, Worcester MA 01610
Zoning
Interior Features for 42 Lewis St, Worcester, Massachusetts 01610
* Approx. Living Area Total5,592 sq ft
Living Area Includes BasementNo
Bedrooms12
* # Fireplaces0
Bathrooms (Total)6
Full Baths6
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$660
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_32
MLSPIN_BEDRMS_42
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_12
MLSPIN_F_BTHS_22
MLSPIN_F_BTHS_32
MLSPIN_F_BTHS_42
MLSPIN_GRE$29,645
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate14/11/2024
Exterior Features for 42 Lewis St, Worcester, Massachusetts 01610
* Approximate Lot Size0.3 acres
Covered Parking Spaces0
Lot FeaturesLevel
* Parking Spaces15
* Sewer Utilities
* Water Utilities
* Year Built1915
Year Built Details
Year Built SourceAppraiser
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)12,996 Sqft
Disclosures for 42 Lewis St, Worcester, Massachusetts 01610
Buyer Agent Compensation2
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 42 Lewis St, Worcester, Massachusetts 01610
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceOwner
Gross Income$122,820
Insurance Expense$4,878
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$3,000
MLSPIN_RENT11720
MLSPIN_RENT21720
MLSPIN_RENT31720
MLSPIN_RENT41720
MLSPIN_RFS$2,374
MLSPIN_RME$3,000
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$87,034
OperatingExpense$29,645
OriginalListPrice$1,200,000
RENT_FEE_INCLUDESNo
TOTAL_RENT10235
WaterSewerExpense$5,400
Lifestyle Information for 42 Lewis St, Worcester, Massachusetts 01610
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 42 Lewis St, Worcester, Massachusetts 01610
Elementary School
Middle School
High School
NumberOfUnitsTotal6
Marketing History for 42 Lewis St, Worcester, Massachusetts 01610
MLSPIN_MARKET_TIME_BROKER13
MLSPIN_MARKET_TIME_PROPERTY13
PurchaseContractDate2024-11-14
Agent Information for 42 Lewis St, Worcester, Massachusetts 01610