Stunning three unit building in sought after Indian Lake area* Two units on the first floor: Front unit has 2 bedrooms, large living room and kitchen and updated full bath* Rear unit features one bedroom with a living room, kitchen and full bath* Huge second level unit with two bedrooms, living room, dining room, updated full bath and great kitchen* Walkup third floor level is 70% finished with full bath and may be added to second floor* Full basement with bathroom* New siding, roof and windows* Detached one car garage* recent decks and exterior stairs* Close to schools and shopping* minutes to major highways* Walk to a nice beach at Indian Lake park* Fully rented with great tenants!
Multi-familyProperty Type
1914Year Built
10,000 sq ftLot Size
$291Est. Price/Sq.Ft.
1 garage spacesParking
Listed by David Stead• RE/MAX Partners
Bought with Joseph Sama• The O'Rourke Group Real Estate Professionals
OPPORTUNIY KNOCKS to create a great, high value property, on a great lot with off street parking. The first floor is split into 2 separate units with their own access. Each individually metered for electricity and for natural gas. Front unit has 2 bedrms and the rear unit has 1 bedrm, dining area and galley kitchen. Both of these units have some hardwood floors and wall to wall carpet. The second floor unit is big and spacious with 2 good size bedrooms, an eat-in kitchen & combo living\dining rooms. Hardwood floors grace the majority of the second floor unit which also has its own electric meter and natural gas. The third floor is partially finished. The boiler and furnace appear to be on the younger side, 2 hot water heaters are recent, 1 is a bit older. There are washers/dryers in the basement, and all units are individually metered with circuit breakers. There is a one car detached garage and access to I-290 is just minutes away. Here's your chance to create some sweat equity.
Public Records
Oct 22, 1992
Sold
$135,000
$51/sq ft
Public Records
Aug 25, 1986
Sold
$149,900
$56/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$5,692 (+9.0%)
$103,200 + $293,700
$396,900
2022
$5,223 (+9.5%)
$82,600 + $260,800
$343,400
2021
$4,770 (+6.1%)
$66,100 + $226,900
$293,000
2020
$4,497 (−0.2%)
$66,100 + $198,400
$264,500
2019
$4,505 (+1.9%)
$59,500 + $190,800
$250,300
2018
$4,423 (+4.6%)
$59,500 + $174,400
$233,900
2017
$4,228 (+1.8%)
$59,500 + $160,500
$220,000
2016
$4,155 (+5.5%)
$43,700 + $157,900
$201,600
2014
$3,939 (+9.9%)
$43,700 + $157,900
$201,600
2013
$3,584 (+8.3%)
$48,000 + $144,900
$192,900
2012
$3,308 (−11.1%)
$48,000 + $146,800
$194,800
2011
$3,723 (+6.2%)
$77,600 + $154,200
$231,800
2010
$3,507 (−10.6%)
$74,400 + $157,100
$231,500
2009
$3,923
$81,900 + $208,700
$290,600
Tax history for 48 Tower St
Year
Property tax
Land + Additions
Assessment*
2023
$5,692 (+9.0%)
$103,200 + $293,700
$396,900
2022
$5,223 (+9.5%)
$82,600 + $260,800
$343,400
2021
$4,770 (+6.1%)
$66,100 + $226,900
$293,000
2020
$4,497 (−0.2%)
$66,100 + $198,400
$264,500
2019
$4,505 (+1.9%)
$59,500 + $190,800
$250,300
2018
$4,423 (+4.6%)
$59,500 + $174,400
$233,900
2017
$4,228 (+1.8%)
$59,500 + $160,500
$220,000
2016
$4,155 (+5.5%)
$43,700 + $157,900
$201,600
2014
$3,939 (+9.9%)
$43,700 + $157,900
$201,600
2013
$3,584 (+8.3%)
$48,000 + $144,900
$192,900
2012
$3,308 (−11.1%)
$48,000 + $146,800
$194,800
2011
$3,723 (+6.2%)
$77,600 + $154,200
$231,800
2010
$3,507 (−10.6%)
$74,400 + $157,100
$231,500
2009
$3,923
$81,900 + $208,700
$290,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Laundry Features: Electric Dryer Hookup, Washer Hookup
Interior Features
# of Rooms (Total): 12
Door Features: Insulated Doors, Storm Door(s)
Window Features: Insulated Windows
Flooring: Vinyl, Hardwood
Interior Features: Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 1
Lease: U
Exterior
Building Information
Building Area (Total): 2,654
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Color: grey
Exterior Features
Roof: Shingle
Patio And Porch Features: Porch, Deck
Property Information
PropertySubType: 3 Family
Other Structures: Shed(s)
Lot Information
Lot Size (Acres): 0.23
Lot Features: Level
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $5,647
Tax Year: 2024
Utilities
Utility Information
Utilities: for Electric Dryer, Washer Hookup
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, 100 Amp Service
Heating & Cooling
Has Heating
Has Cooling
Heating: Forced Air, Natural Gas, Electric
Cooling: Window Unit(s)
Location
Location Information
Directions: West Boylston St to Huntington to Tower
UnparsedAddress: 48 Tower St, Worcester MA 01606
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Highway Access, House of Worship, Public School, T-Station, University, Sidewalks
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,654
Stories: 2.0
Lot Size: 10,019 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1914
Year Renovated: —
County: Worcester County
APN: 1775237
Home facts updated by county records on Jul 21, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Francis J McGrath Elementary School
Public PreK-6 • Assigned • 0.7mi
5/10
Forest Grove Middle School
Public 7-8 • Assigned • 0.5mi
4/10
Burncoat Senior High School
Public 9-12 • Assigned • 0.9mi
2/10
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 94° 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 • 01606
Average low and high temperatures (°F)
32
18
35
20
50
31
61
40
68
51
80
61
84
66
80
60
74
56
63
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
$735,000 – $890,000
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