Group showing Thursday 5-6.00 and Saturday 2 to 3. Great investment opportuniy with great returns. Updated 6 family with updates including foundation, kitchens, bathrooms, flooring, windows, and more. Fully rented except 2 units left vacant to show and not bother other tenants. Separate utilities with gas forced hot air systems in the units, circuit breaker panels, and landlord meter. Off street parking for 10+ cars, with two separate entrances. 3 units on one side of building have lead certificates. Cameras outside for added security. It’s very big and centrally located.
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Last Updated: March 29th, 2025 at 4:18am
Gross Income: $89,400
Gross Expenses: $19,637
Net Income Calc: $69,763
CAP Rate: 5.81%
Annual Expenses for 862 Main St, Worcester MA 01610
Total Gross Expenses (Calculated)$19,637/year
APOD AvailableNo
Heating$0
Electricity$1,500
Water$0
Gas$0
Insurance$8,000
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$10,137
Annual Income & Unit Breakdown for 862 Main St, Worcester MA 01610
Total Gross Income (Calculated)$89,400
Unit 1
Rental Income1900
LeaseY
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income1732
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income1966
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income1852
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 862 Main St, Worcester MA 01610
Listing ID73335835
Property TypeMulti Family
Price$1,199,900 ($140.44/SqFt)
Style
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total8,544 SqFt
Approximate Lot Size (Acres)0.17 acres
Total Parking10
Garage Parking
Year Built1920
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceEnclosed
ZoningBG-3
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesInsulated Windows
Terms
Interior Features for 862 Main St, Worcester MA 01610
Disclosures for 862 Main St, Worcester MA 01610
Lead Paint
UFFINo
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$9,500
Total Gross Income By Broker$110,184
Total Net Income By Broker$110,184
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 862 Main St, Worcester MA 01610
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesPublic Transportation
Contact Information for 862 Main St, Worcester MA 01610