Great location for investment property, very rare find within the WPI area, with access to Rt 9 and Rt 290, restaurants, shops, museums, schools, and churches. Long-term tenants. Spacious units with in-unit laundry, hardwood floors, replacement windows, and central heating. Well-maintained. All utilities except water/sewer are separate and are paid by tenants. A two-car garage and ample off-street parking can fit 6 cars, plus a handicap parking spot up front. Recent updates include a new roof, some windows, the front entrance stairwell, and the garage roof. Curents rents are below market value because of long-term tenants. Buy it as a solid investment property with the potential for a significant increase in rental income. Or purchase it as an owner-occupied investment property with tenants paying for your mortgage. The 1st-floor unit might be delivered vacant for the closing. Open house July 18 12-2 PM. Use this opportunity to own this wonderful investment property.
Multi-familyProperty Type
1890Year Built
3,420 sq ftLot Size
$193Price/Sq.Ft.
2 garage spacesParking
Listed by Tatyana Sherban• eXp Realty LLC - Corporate Office
Institution Park, located between Salisbury Street and Park Avenue, is a residential and academic Worcester neighborhood with a leafy park core and stately hillside streets. The neighborhood’s character concentrates around the Salisbury Street edge of Institute Park, where walkers loop the pond and benches face a canopy of mature trees. Brick and shingle homes, small apartment buildings, and campus-era architecture give the blocks a composed, collegiate feel. Worcester Art Museum anchors the cultural calendar with galleries and events. Nearby, the Hanover Theatre and Conservatory for the Performing Arts adds marquee nights downtown. New England Botanic Garden at Tower Hill extends the landscape-minded mood beyond the city line.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
16 total rooms
Full walk-out basement
Bathrooms
3 full bathrooms
Exterior features
Level lot
Shingle roof
Paved driveway
Home design
3-family property
3 stories
Parking
2-car garage
2 covered parking spaces
3 open parking spaces
5 total parking spaces
Construction
Frame construction
Stone foundation
Approximately built (year per public records)
Utilities
Public water
Public sewer
HOA & community
Not a senior community
Other
Tenant's personal property excluded from sale
Electricity and solar
View estimated energy costs and solar savings for this home
Great opportunity to own a home and have your tenants help with the mortgage. Nice location, spacious units, long term tenants on property, hardwood floors, separate utilities, partially finished basement, off street parking in garage and large driveway, newer heating and electric.
Public Records
Dec 14, 2006
Sold
$285,000
$92/sq ft
Public Records
Jul 1, 1980
Sold
$28,500
$9/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$5,823 (+14.7%)
$54,600 + $351,500
$406,100
2022
$5,076 (+14.4%)
$43,600 + $290,100
$333,700
2021
$4,438 (+21.8%)
$34,900 + $237,700
$272,600
2020
$3,645 (+0.2%)
$34,700 + $179,700
$214,400
2019
$3,638 (+2.3%)
$30,300 + $171,800
$202,100
2018
$3,555 (+6.7%)
$30,300 + $157,700
$188,000
2017
$3,333 (+3.8%)
$30,300 + $143,100
$173,400
2016
$3,211 (+5.5%)
$22,700 + $133,100
$155,800
2014
$3,044 (+4.4%)
$22,700 + $133,100
$155,800
2013
$2,917 (+6.9%)
$25,700 + $131,300
$157,000
2012
$2,729 (−2.2%)
$25,700 + $135,000
$160,700
2011
$2,791
$47,100 + $126,700
$173,800
2010
$2,789 (−14.8%)
$47,100 + $137,000
$184,100
2009
$3,272
$70,900 + $171,500
$242,400
Public record
Beds
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,104
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,104
Year built
1890
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1763178
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
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 • 01609
Average low and high temperatures (°F)
30
17
33
19
49
29
59
39
67
49
78
59
82
64
78
58
73
54
62
44
49
35
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4 Home St
$594,088
$4,912 under list price of $599K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $610K to $672K.