Multi-family in the extremely sought-after City of Worcester!! This three-family home is a fantastic investment opportunity! Units 1 and 2 boast nearly identical layouts, each offering three good-sized bedrooms, an eat-in kitchen, and a spacious living room. Unit 1 also features a convenient laundry area. Unit 3 includes two bedrooms, a bonus room, an eat-in kitchen, and a living room. Both Units 1 and 2 have covered porches, perfect for relaxing outdoors. The exterior is fully fenced as well! Close proximity to local amenities, shopping, public transportation, and more. Whether you're looking to live in one unit and rent out the others or maximize your income by leasing all three, this multi-family home offers a tremendous opportunity and rental income potential, making it a great fit for both seasoned investors and those looking to break into the multi-family market. Showings begin at the open houses this weekend!
MULTIPLE OFFERS, SELLER REQUESTS BEST AND FINAL OFFERS BY THURSDAY (1/7/21) AT 5PM ! Attention Investors! Well maintained 3 family home in up and coming Vernon Hill, just 1/4 mile from the new stadium. First and third floor were recently updated and vacant, second floor is rented to long term tenants with no lease. All units have large living rooms and eat-in kitchens with washer/dryer hook ups. Updated electrical panels with separate owner panel for common areas. 1st floor is certified de-leaded. Tenants pay for all utilities except water. Great solid investment to add to any portfolio or owner occupied with highway access and tons of amenities near by. Showings start Monday 01/04/21
Year
Property tax
Land + Additions
Assessment*
2023
$5,327 (+3.0%)
$74,700 + $296,800
$371,500
2022
$5,171 (+36.2%)
$59,800 + $280,200
$340,000
2021
$3,798 (+6.3%)
$47,800 + $185,500
$233,300
2020
$3,573 (+24.7%)
$47,500 + $162,700
$210,200
2019
$2,866 (−1.7%)
$41,500 + $117,700
$159,200
2018
$2,916 (+4.9%)
$41,500 + $112,700
$154,200
2017
$2,781 (+4.9%)
$41,500 + $103,200
$144,700
2016
$2,650 (+5.5%)
$30,300 + $98,300
$128,600
2014
$2,513 (+4.1%)
$30,300 + $98,300
$128,600
2013
$2,415 (+7.2%)
$34,300 + $95,700
$130,000
2012
$2,252 (−6.4%)
$34,300 + $98,300
$132,600
2011
$2,407 (+4.9%)
$58,600 + $91,300
$149,900
2010
$2,295 (−12.1%)
$58,600 + $92,900
$151,500
2009
$2,611
$75,200 + $118,200
$193,400
Tax history for 198 Vernon St
Year
Property tax
Land + Additions
Assessment*
2023
$5,327 (+3.0%)
$74,700 + $296,800
$371,500
2022
$5,171 (+36.2%)
$59,800 + $280,200
$340,000
2021
$3,798 (+6.3%)
$47,800 + $185,500
$233,300
2020
$3,573 (+24.7%)
$47,500 + $162,700
$210,200
2019
$2,866 (−1.7%)
$41,500 + $117,700
$159,200
2018
$2,916 (+4.9%)
$41,500 + $112,700
$154,200
2017
$2,781 (+4.9%)
$41,500 + $103,200
$144,700
2016
$2,650 (+5.5%)
$30,300 + $98,300
$128,600
2014
$2,513 (+4.1%)
$30,300 + $98,300
$128,600
2013
$2,415 (+7.2%)
$34,300 + $95,700
$130,000
2012
$2,252 (−6.4%)
$34,300 + $98,300
$132,600
2011
$2,407 (+4.9%)
$58,600 + $91,300
$149,900
2010
$2,295 (−12.1%)
$58,600 + $92,900
$151,500
2009
$2,611
$75,200 + $118,200
$193,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Interior Features: Ceiling Fan(s), Stone/Granite/Solid Counters, Bathroom with Shower Stall, Pantry, Upgraded Countertops, Storage, Living 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): 2,844
Foundation Details: Stone, Brick/Mortar
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual
Color: Blue
Exterior Features
Fencing: Fenced
Roof: Shingle
Patio And Porch Features: Covered
Exterior Features: Rain Gutters
Property Information
PropertySubType: 3 Family - 3 Units Up/Down
Lot Information
Lot Size (Acres): 0.13
Lot Features: Corner Lot, Cleared, Level
ViewYN: Has View
View: City View(s)
Road Surface Type: Paved
Financial
Tax Information
Tax Annual Amount: $5,763
Tax Year: 2024
Utilities
Utility Information
Utilities: for Gas Range, Washer Hookup
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, 100 Amp Service
Heating & Cooling
Has Heating
Heating: Natural Gas, Electric, Central, Other
Location
Location Information
Directions: Providence St to Millbury St to Vernon St
UnparsedAddress: 198 Vernon Street, Worcester MA 01607
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
Public facts
Beds: 8
Baths: 3.0
Sq. Ft.: 2,844
Stories: 3.0
Parking Spaces: 0
Basement: Yes
Accessible: No
Lot Size: 5,565 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1890
Year Renovated: —
County: Worcester County
APN: 1771717
HOA Dues: —
Garage: No
Features: Views
Home facts updated by owner on Feb 7, 2025
Other
Miscellaneous Information
Heat Zones: 3
Listing Information
Exclusions: Washer/Dryer In Unit 3
StandardStatus: Closed
Around this home
Schools
Vernon Hill School
Public PreK-6 • Assigned • 0.4mi
4/10
University Pk Campus School
Public 7-12 • Assigned • 1.5mi
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 • 01607
Average low and high temperatures (°F)
31
18
34
19
50
31
60
40
68
50
79
60
84
66
79
59
73
56
63
46
50
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
$688,000 – $833,000
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