Explore this perfect investment opportunity in the highly sought-after Belmont Hill area. Within the confines of this four-unit building; three units feature three bedrooms, spacious eat-in kitchens and in unit laundry hookups. The lower level unit offers two large bedrooms and its own eat-in kitchen as well as in unit laundry. Units 1, 3 & 4 have been recently renovated and unit 2 tenant has been there for 20+ years. Conveniently positioned within close proximity to Shrewsbury Street, UMASS Memorial, and UMASS Campus, this property promises unparalleled convenience and accessibility. The ground level unit is rented at $1884/month, the first-floor unit is rented at $1767/month with potential to go up to $2250. The third-floor is rented at $2250 per month and the second floor will rent at $2250/month as well.
Multi-familyProperty Type
1910Year Built
5,229 sq ftLot Size
$218Est. Price/Sq.Ft.
Listed by George LeBlanc• Cameron Real Estate Group
Bought with George LeBlanc• Cameron Real Estate Group
Explore this perfect investment opportunity in the highly sought-after Belmont Hill area. Within the confines of this four-unit building, three units feature three bedrooms and spacious eat-in kitchens, catering to both tenants and potential homeowners. The lower level unit offers two large bedrooms and its own eat-in kitchen. Conveniently positioned within walking distance of Shrewsbury Street, UMASS Memorial, and UMASS Campus, this property promises unparalleled convenience and accessibility. The first-floor unit will be delivered vacant, presenting an excellent opportunity for owner-occupants. Currently, the second-floor unit is leased at $1767 per month, while the third-floor unit commands the same rent. The fourth-floor unit is presently rented at $1900 a month. Showings begin at the open house on Saturday, 12/2, from 11 AM to 1 PM.
MLS PIN #73084713
Apr 24, 2023
Sold
$530,000
$121/sq ft
Mar 13, 2023
Contingent
—
Mar 6, 2023
Listed
$559,900
$128/sq ft
+8
Shown via group showing Sat. 3/11 12pm-1:30pm w/ CONFIRMED appointment only (this is not a public open house). Rare Worcester 4-family home at a great price! This property is located right between UMASS's main campus & UMASS Memorial, as well as a short drive to the highway & all the action on Shrewsbury St. The building is fully occupied and there are long term tenants in place. The units could use some updating when they turn over. All units are heated by gas space heaters. Hardwood floors throughout. The lower level apt. electric is paid by the owner as there is not a separate LL meter. Parking is on-street so no plowing needed. This is a great property for anyone looking for a value add opportunity. Property will not go FHA or VA. The tenants all have a good payment history. May not work for an owner occupant. 4-unit properties like this one are few and far between. Get in on Worcester's RED HOT multi-family market while you still can!
MLS PIN #70473205
Mar 12, 2007
Sold
$316,000
$72/sq ft
Oct 11, 2006
Listed
$319,000
$73/sq ft
MLS PIN #30635484
Oct 23, 2002
Sold
$274,000
$63/sq ft
Aug 21, 2002
Listing Removed
—
Aug 13, 2002
Listed
$269,900
$62/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$7,052 (+15.5%)
$40,900 + $450,900
$491,800
2022
$6,108 (+2.1%)
$32,800 + $368,800
$401,600
2021
$5,981 (+11.4%)
$26,200 + $341,200
$367,400
2020
$5,367 (−1.2%)
$24,300 + $291,400
$315,700
2019
$5,432 (+7.0%)
$22,600 + $279,200
$301,800
2018
$5,077 (+7.4%)
$22,600 + $245,900
$268,500
2017
$4,728 (−2.0%)
$22,600 + $223,400
$246,000
2016
$4,823 (+5.5%)
$33,300 + $200,700
$234,000
2014
$4,572 (+21.6%)
$33,300 + $200,700
$234,000
2013
$3,759 (+0.9%)
$32,900 + $169,400
$202,300
2012
$3,725 (−5.0%)
$32,900 + $186,500
$219,400
2011
$3,922 (−0.4%)
$79,400 + $164,800
$244,200
2010
$3,939 (−0.9%)
$79,400 + $180,600
$260,000
2009
$3,974
$107,300 + $187,100
$294,400
Tax history for 81 Merrifield St
Year
Property tax
Land + Additions
Assessment*
2023
$7,052 (+15.5%)
$40,900 + $450,900
$491,800
2022
$6,108 (+2.1%)
$32,800 + $368,800
$401,600
2021
$5,981 (+11.4%)
$26,200 + $341,200
$367,400
2020
$5,367 (−1.2%)
$24,300 + $291,400
$315,700
2019
$5,432 (+7.0%)
$22,600 + $279,200
$301,800
2018
$5,077 (+7.4%)
$22,600 + $245,900
$268,500
2017
$4,728 (−2.0%)
$22,600 + $223,400
$246,000
2016
$4,823 (+5.5%)
$33,300 + $200,700
$234,000
2014
$4,572 (+21.6%)
$33,300 + $200,700
$234,000
2013
$3,759 (+0.9%)
$32,900 + $169,400
$202,300
2012
$3,725 (−5.0%)
$32,900 + $186,500
$219,400
2011
$3,922 (−0.4%)
$79,400 + $164,800
$244,200
2010
$3,939 (−0.9%)
$79,400 + $180,600
$260,000
2009
$3,974
$107,300 + $187,100
$294,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
11
Baths
4
Stories
4
Lot width
—
Lot depth
—
Lot size
5,227 Sq. Ft.
Year renovated
—
Sq. Ft.
4,374
Year built
1910
Style
Multi-Family (5+ Unit)
County
Worcester County
APN
1778076
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 4
Interior Features
# of Rooms (Total): 23
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Exterior
Building Information
Building Area (Total): 4,374
Foundation Details: Stone, Brick/Mortar
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Approximate
Lead Paint: Certified Treated
Property Information
PropertySubType: 4 Family - 4 Units Up/Down
Lot Information
Lot Size (Acres): 0.12
Lot Features: Sloped
Financial
Tax Information
Tax Annual Amount: $7,233
Tax Year: 2024
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Location Information
Directions: Please use Google Maps
UnparsedAddress: 81 Merrifield St., Worcester MA 01605
Community Information
Senior CommunityYN: No
Public facts
Beds: 11
Baths: 4.0
Sq. Ft.: 4,374
Stories: 4.0
Lot Size: 5,227 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1910
Year Renovated: —
County: Worcester County
APN: 1778076
Home facts updated by county records on Jul 21, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Belmont Street Community School
Public PreK-6 • Assigned • 0.1mi
6/10
Worcester East Middle School
Public 7-8 • Assigned • 1.3mi
4/10
North High School
Public 9-12 • Assigned • 1.3mi
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
3/10 Heat Factor
5 days above 93° expected this year, 12 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 • 01605
Average low and high temperatures (°F)
32
18
35
20
50
31
61
40
68
50
80
61
84
66
80
60
75
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.