$1,300,000 ($221.81 per sqft)

Pending

Est. Mortgage $6,403/mo *

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78 Downing St, Worcester, MA, 01610

78 Downing St, Worcester, MA, 01610
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28 rooms

15 beds

6 Full baths

1920

5,861 sqft

Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,550/month in rental income and a strong $106,100 NOI. Additional revenue comes from coin-op laundry and a heated basement storage/workshop. The property offers a desirable mix of three 2 bed/1 bath units and three 3 bed/1 bath units, plus a fully leased 4-car garage. All apartments are renovated with modern layouts that attract quality tenants. The building is sprinklered, fully insulated, separately metered with tenant-paid electric, and five units are deleaded. In a prime walk-to-campus location with consistent rental demand, this asset is ideal for portfolio buyers or 1031 investors seeking stable income, long-term appreciation, and minimal deferred maintenance. All apartments are leased through Summer 2027. Both garages rented for $700/month, and a basement storage unit can add $200/month when leased.

Status:

Pending

Type:

Multi-family

Units:

6

Zoning:

RG-5

Garage:

4-car

Levels:

5

Parking:

10-car, Shared Driveway

Acreage:

0.22

Est. Taxes:

$15,126

Assessment

$1,146,800

Lot Description:

Level

MLS #:

73469808

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Brian Allen, Property Investors & Advisors, LLC 774-413-0272