TURN THE KEY TO PROFIT! No vacancies in this 3-unit multi-family home, a perfect investment opportunity! Tenants pay for heat, hot water, and electricity. Each spacious unit has 2 bedrooms, 1 bathroom, and hardwood floors throughout. A backyard provides tenants with a common area and recreational space. Plenty of on-street parking and conveniently located just 3 minutes from I-290. Don't miss out on this incredible opportunity! See the entire interior space, all three floors, and the basement by asking your agent to share with you the video link in “firm remarks“.
Multi-familyProperty Type
1890Year Built
5,000 sq ftLot Size
$205Est. Price/Sq.Ft.
Listed by Miller Real Estate Group• Century 21 North East
Bought with Sara Fish• Keller Williams Realty Greater Worcester
Huge price reduction by motivated owner. Selling "As Is" at this price. Needs some work, but worth the effort. Inspections for informational purposes only. Perfect for seasoned investor. Cash cow with very strong Cash on Cash and Cap Rate because of low expenses. Tenants pay for heat, hot water, and electric. Generous sized floor through units have large living room, separate dining room and kitchen. Each unit has 2 bedrooms and 1 bathroom. Hardwood floors throughout. Some great character with period details. Good roof, newer windows and siding, electric. Big backyard adds additional recreational space. Long term tenants mean possible upside to bring rentals up to market rate. Or be an owner/occupier and live rent free. Great investment in a solid building, on a low traffic side street. Plenty of on street parking. Solid ROI. Add to your investment portfolio today!
Public Records
Oct 26, 2001
Sold
$148,300
$47/sq ft
Public Records
Jun 30, 2000
Sold
$125,000
$39/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,804 (+14.9%)
$70,600 + $403,900
$474,500
2022
$5,921 (+9.8%)
$56,500 + $332,800
$389,300
2021
$5,392 (+41.9%)
$45,200 + $286,000
$331,200
2020
$3,800 (+0.6%)
$44,900 + $178,600
$223,500
2019
$3,776 (+2.1%)
$39,200 + $170,600
$209,800
2018
$3,699 (+6.4%)
$39,200 + $156,400
$195,600
2017
$3,477 (+5.4%)
$39,200 + $141,700
$180,900
2016
$3,298 (+5.5%)
$28,300 + $131,700
$160,000
2014
$3,126 (+4.0%)
$28,300 + $131,700
$160,000
2013
$3,006 (+6.9%)
$32,000 + $129,800
$161,800
2012
$2,812 (−0.2%)
$32,000 + $133,600
$165,600
2011
$2,819 (−0.9%)
$50,500 + $125,000
$175,500
2010
$2,845 (−4.7%)
$50,500 + $137,300
$187,800
2009
$2,985
$75,100 + $146,000
$221,100
Tax history for 16 Branch St
Year
Property tax
Land + Additions
Assessment*
2023
$6,804 (+14.9%)
$70,600 + $403,900
$474,500
2022
$5,921 (+9.8%)
$56,500 + $332,800
$389,300
2021
$5,392 (+41.9%)
$45,200 + $286,000
$331,200
2020
$3,800 (+0.6%)
$44,900 + $178,600
$223,500
2019
$3,776 (+2.1%)
$39,200 + $170,600
$209,800
2018
$3,699 (+6.4%)
$39,200 + $156,400
$195,600
2017
$3,477 (+5.4%)
$39,200 + $141,700
$180,900
2016
$3,298 (+5.5%)
$28,300 + $131,700
$160,000
2014
$3,126 (+4.0%)
$28,300 + $131,700
$160,000
2013
$3,006 (+6.9%)
$32,000 + $129,800
$161,800
2012
$2,812 (−0.2%)
$32,000 + $133,600
$165,600
2011
$2,819 (−0.9%)
$50,500 + $125,000
$175,500
2010
$2,845 (−4.7%)
$50,500 + $137,300
$187,800
2009
$2,985
$75,100 + $146,000
$221,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Interior Features: Pantry, Living Room, Dining Room, Kitchen
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): 3,180
Foundation Details: Stone, Brick/Mortar
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Color: Grey
Lead Paint: Yes
Exterior Features
Patio And Porch Features: Porch, Covered
Property Information
PropertySubType: 3 Family
Lot Information
Lot Size (Acres): 0.11
Lot Features: Level
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $5,921
Tax Year: 2022
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Individually Metered
Heating & Cooling
Has Heating
Heating: Natural Gas
Location
Location Information
Directions: I-290 to Grafton Street, to Wall Street, to Branch Street.
UnparsedAddress: 16 Branch Street, Worcester MA 01604
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University, Sidewalks
Public facts
Beds: 6
Baths: 3.0
Sq. Ft.: 3,180
Stories: 3.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1890
Year Renovated: —
County: Worcester County
APN: 1764775
Home facts updated by county records on Jul 21, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Grafton Street School
Public K-6 • Assigned • 0.1mi
4/10
Worcester East Middle School
Public 7-8 • Assigned • 0.3mi
4/10
North High School
Public 9-12 • Assigned • 1.0mi
1/10
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 • 01604
Average low and high temperatures (°F)
32
19
35
20
50
31
60
41
68
51
81
61
84
65
80
60
75
56
64
45
51
36
37
23
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
$621,000 – $751,000
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