5 Claremont Street, Worcester, (South Worcester), MA, 01610
30 rooms
17 beds
4 Full baths
1896
10,450 sqft
Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.
Status:
Active
Town:
Worcester
Type:
Multi-family
Laundry Remarks:
Electric Dryer Hookup, Washer Hookup
Units:
17
Zoning:
RG-5
Basement:
Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Levels:
3
Parking:
17-car, Paved Drive, Shared Driveway, Off Street, Common, Paved
Acreage:
0.68
Est. Taxes:
$16,560
Assessment
$1,168,000
Construction
Frame
Utilities
for Gas Range, for Electric Dryer, Washer Hookup
Lot Description:
Corner Lot, Additional Land Avail., Gentle Sloping
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
MLS #:
73514871
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Delrose Mcshane Team, Coldwell Banker Realty - Belmont 617-484-5300