*Ask about 1st Time Homebuyer programs w/ grants up to $50,000, 3% down payment & closing costs covered* Exceptional investment or owner-occupant opportunity in the heart of Worcester! Perfectly situated just steps from Clark University within the tuition-free zone, this property draws consistent rental demand from students, professionals, and families alike. The well-maintained three-family home offers spacious 4-bedroom units, each with in-unit laundry and separate utilities for added convenience. Enjoy five off-street parking spaces—a rare amenity in this neighborhood. With market rents of approximately $2,500 per unit, the property projects a cap rate of 8–9%. Conveniently located near public transportation, shopping, restaurants, and major highways—this is an exceptional income-producing opportunity in one of Worcester’s fastest-growing areas.
***INVESTMENT OPPORTUNITY*** PRIME LOCATION STEPS TO CLARK U in tuition free zone. Prized 6 room | 4 bedroom layout with nearly 1,500 sqft in each unit! Modernized units with contemporary flooring, kitchens, bathrooms and in-unit laundry hookups. Paved driveway with parking for 7 vehicles. Updated heating system with hot water baseboard in each unit. Individually metered gas boilers and electric water heaters, approx 10 years old. Individually metered electric with separate owner's panel. Recent vinyl windows and soffits. De-lead cert for 2nd floor unit. Fully rented with impressive long-term gross monthlies. 1st & 2nd floor are 7 & 10-year tenants with guaranteed payment through RCAP. 3rd floor is TAW. Building orientation and size may allow for future solar roof or additional bathrooms subject to permitting and approvals. Full breakdown of rents available upon request. Owner will consider delivering U3 vacant. *VR tour link* https://musee.xitotech.com/e/index.html?tour=257o259
MLS PIN #71614151
Mar 28, 2014
Sold
$185,000
$42/sq ft
Feb 6, 2014
Contingent
—
Dec 5, 2013
Listed
$199,900
$46/sq ft
Clark University area, walking distance. 3 family 6-6-6 with 4 B/R on each floor. All separate utilities, 3 FHW new gas heaters, 4 electric meters, CB. 2nd floor lead certificate. Off street parking.
MLS PIN #71347004
Apr 24, 2012
Sold
$73,500
$17/sq ft
Mar 15, 2012
Contingent
—
Mar 5, 2012
Listed
$72,000
$16/sq ft
Public Records
Apr 7, 2005
Sold
$330,000
$76/sq ft
Public Records
Jul 28, 2004
Sold
$345,000
$79/sq ft
Public Records
Apr 30, 2003
Sold
$295,000
$68/sq ft
MLS PIN #30665984
Apr 30, 2003
Sold
$290,000
$66/sq ft
Jan 25, 2003
Listing Removed
—
Nov 6, 2002
Listed
$299,900
$69/sq ft
Public Records
Oct 29, 1999
Sold
$107,000
$24/sq ft
Public Records
Mar 12, 1992
Sold
$126,500
$29/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,535 (+14.7%)
$41,400 + $414,300
$455,700
2022
$5,696 (+11.6%)
$33,200 + $341,300
$374,500
2021
$5,104 (+23.7%)
$26,500 + $287,000
$313,500
2020
$4,126 (−1.1%)
$26,500 + $216,200
$242,700
2019
$4,172 (+2.8%)
$25,300 + $206,500
$231,800
2018
$4,058 (+7.3%)
$25,300 + $189,300
$214,600
2017
$3,781 (+3.6%)
$25,300 + $171,400
$196,700
2016
$3,648 (+5.5%)
$17,800 + $159,200
$177,000
2014
$3,459 (−2.0%)
$17,800 + $159,200
$177,000
2013
$3,530 (+45.1%)
$27,400 + $162,600
$190,000
2012
$2,433 (+13.4%)
$29,300 + $114,000
$143,300
2011
$2,146 (−38.0%)
$46,800 + $86,800
$133,600
2010
$3,463 (−4.1%)
$46,800 + $181,800
$228,600
2009
$3,611
$71,000 + $196,500
$267,500
Tax history for 1 Cheney St
Year
Property tax
Land + Additions
Assessment*
2023
$6,535 (+14.7%)
$41,400 + $414,300
$455,700
2022
$5,696 (+11.6%)
$33,200 + $341,300
$374,500
2021
$5,104 (+23.7%)
$26,500 + $287,000
$313,500
2020
$4,126 (−1.1%)
$26,500 + $216,200
$242,700
2019
$4,172 (+2.8%)
$25,300 + $206,500
$231,800
2018
$4,058 (+7.3%)
$25,300 + $189,300
$214,600
2017
$3,781 (+3.6%)
$25,300 + $171,400
$196,700
2016
$3,648 (+5.5%)
$17,800 + $159,200
$177,000
2014
$3,459 (−2.0%)
$17,800 + $159,200
$177,000
2013
$3,530 (+45.1%)
$27,400 + $162,600
$190,000
2012
$2,433 (+13.4%)
$29,300 + $114,000
$143,300
2011
$2,146 (−38.0%)
$46,800 + $86,800
$133,600
2010
$3,463 (−4.1%)
$46,800 + $181,800
$228,600
2009
$3,611
$71,000 + $196,500
$267,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
12
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
4,368
Year built
1915
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1768605
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Property details
Parking
Parking Information
Has Open Parking
Open Parking Spaces: 5
Parking Spaces: 5
Parking Features: Paved Drive, Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 3
Basement Information
Basement: Full, Dirt Floor, Unfinished
Interior Features
# of Rooms (Total): 18
Flooring: Wood, Laminate
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: N
Exterior
Building Information
Building Area (Total): 4,368
Foundation Details: Stone, Brick/Mortar
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual
Lead Paint: Yes, Certified Treated
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 3 Family
Above Grade Finished Area: 4368
Below Grade Finished Area: 0
Levels: 3
Lot Information
Lot Size (Acres): 0.11
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $7,885
Tax Year: 2025
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating Units: 3
Location
Location Information
Directions: GPS
UnparsedAddress: 1 Cheney St, Worcester MA 01610
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, Public School, University, Sidewalks
Public facts
Beds: 12
Baths: 3.0
Sq. Ft.: 4,368
Stories: 3.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1915
Year Renovated: —
County: Worcester County
APN: 1768605
Home facts updated by county records on Jul 21, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Goddard School of Science & Technology
Public PreK-6 • Assigned • 0.2mi
5/10
University Pk Campus School
Public 7-12 • Assigned • 0.3mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Worcester, MA • 01610
Average low and high temperatures (°F)
32
19
34
20
50
32
60
41
68
51
80
62
84
66
80
61
75
57
62
47
51
37
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$812,000 – $982,000
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