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1038 Main Street, Worcester MA 01603

Worcester, MA 01603
$1,150,000
Est. $7,252/month
12
Beds
6
Baths
5,802
Sq Ft
$198
Price/Sq Ft
0.09
Acres
1920
Year Built
4 Family - Rooming House
Type
1
Days on Market
Active Listed Mar 19, 2026 • MLS# 73489300 Copied!

About this home

Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include newer vinyl siding, newer vinyl replacement windows, and a newer rubber roof. Interiors feature fresh paint, recently refinished hardwood floors, and updated hardware. Two parking spots (tandem) behind property can provide additional rental income. Ideal for investors seeking a hassle-free, income-producing asset in a vibrant area with strong rental demand from students and professionals.

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Property Overview

Property Type
4 Family - Rooming House
Listing Type
For Sale
Year Built
1920
Bedrooms
12
Full Bathrooms
6
Living Area
5,802 sq ft
Total Rooms
24
Stories
5
Levels
5

Facts & Features

Home Facts

Type Residential Income
Style 4 Family - Rooming House
Year Built 1920
Living Area 5,802 sq ft
Lot Size 0.09 acres
Bedrooms 12
Full Baths 6
Total Rooms 24

Interior

Heating None
Cooling None
Flooring Hardwood
Appliances None
Fireplace None
Basement Unfinished
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $14,839
Assessed Value $1,125,000

Interior Features

Flooring: Hardwood
Appliances:
Interior Features:
Windows:
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Location

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Neighborhood

1038 Main Street, Worcester MA 01603

Worcester, MA 01603

Walkability

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Nearby Schools

School District
Worcester School District local
C-
🎓 Where Graduates Go Class of 2021
51% attend college
35% 4-Year 16% 2-Year 4% Out of State 4% Working
⚠ School Safety 2024-25
4.1% Above Average
3.3% Suspensions 1.7% In-School 0.8% Emergency
↓ 1.4% below state avg
E

Elementary Schools

10 schools
C-
Goddard School/Science Technical
0.3 mi | #703 of 824 | Score: 35.5
Improved 17 spots from last year
-22.7 below state avg
359 students Diverse
Grades PK-06
C+
Columbus Park School
0.5 mi | #9 of 12 | Score: 31.6
Improved 720 spots from last year
-26.6 below state avg
381 students Diverse
Rising School
Grades PK-06
Our Lady of the Angels School
0.6 mi
Grades PK-08
C-
Canterbury School
0.6 mi | #745 of 824 | Score: 32.7
Improved 64 spots from last year
-25.5 below state avg
329 students Diverse
Rising School
Grades PK-06
C-
Gates Lane School
0.7 mi | #744 of 824 | Score: 33.0
Dropped 10 spots from last year
-25.2 below state avg
547 students Very Diverse
Diverse Student Body
Grades PK-06
C-
Woodland Academy
1.1 mi | #11 of 12 | Score: 28.5
Improved 726 spots from last year
-29.7 below state avg
482 students Moderate
Rising School
Grades K-06
Seven Hills Foundation
1.1 mi
Grades K-12
C-
Jacob Hiatt Magnet School
1.2 mi | #691 of 824 | Score: 36.2
Dropped 136 spots from last year
-22 below state avg
367 students Diverse
Diverse Student Body
Grades PK-06
C
Heard Street School
1.2 mi | #644 of 824 | Score: 38.4
Dropped 229 spots from last year
-19.8 below state avg
245 students Very Diverse
Diverse Student Body Strong Attendance
Grades K-06
F
Chandler Elementary Community School
1.4 mi | #805 of 824 | Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students Diverse
Grades K-06
M

Middle Schools

6 schools
Worcester SDA School
2.4 mi
Grades 01-08
The Nativity School of Worcester
2.6 mi
Grades 05-08
B
Sullivan Middle School
1.6 mi | #157 of 352 | Score: 43.9
Improved 28 spots from last year
-14.3 below state avg
940 students Diverse
Rising School Diverse Student Body
Grades 06-08
C-
Worcester East Middle School
2.4 mi | #298 of 352 | Score: 31.5
Improved 55 spots from last year
-26.7 below state avg
731 students Diverse
Rising School Diverse Student Body
Grades 06-08
C+
Forest Grove Middle School
2.9 mi | #229 of 352 | Score: 38.3
Improved 91 spots from last year
-19.9 below state avg
839 students Diverse
Rising School Diverse Student Body
Grades 07-08
C+
Burncoat Middle School
4.1 mi | #233 of 352 | Score: 37.9
Improved 48 spots from last year
-20.3 below state avg
720 students Diverse
Rising School Diverse Student Body
Grades 07-08
H

High Schools

10 schools
C-
University Park Campus School
0.2 mi | #290 of 346 | Score: 41.4
Dropped 13 spots from last year
-16.8 below state avg
233 students Diverse
Early College Program High Graduation Rate College Ready Curriculum Strong Attendance
Grades 07-12
B+
Claremont Academy
0.8 mi | #9 of 25 | Score: 38.3
Improved 317 spots from last year
-20 below state avg
474 students Moderate
10 sports • 216 athletes
Early College Program Rising School College Ready Curriculum
Grades 07-12
Worcester Alternative High School
1.1 mi
36 students Diverse
Grades 07-12
Worcester Academy
2.0 mi
Grades 06-12
Saint Paul Diocesan Junior/Senior High School
2.4 mi
Grades 07-12
Notre Dame Academy
2.6 mi
Grades 07-12
B-
Doherty Memorial High School
1.6 mi | #195 of 346 | Score: 51.8
Improved 26 spots from last year
-6.4 below state avg
1,573 students Very Diverse
19 sports • 1,302 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
B
South High Community School
1.7 mi | #168 of 346 | Score: 53.6
Improved 65 spots from last year
-4.6 below state avg
1,800 students Very Diverse
19 sports • 1,056 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
A+
Massachusetts Academy of Math and Science at WPI
2.6 mi | #2 of 346 | Score: 91.7
Same rank as last year
99 students Diverse
Strong AP Program College Ready Curriculum Strong Attendance
Grades 11-12
C-
North High School
3.4 mi | #300 of 346 | Score: 37.9
Improved 27 spots from last year
-20.3 below state avg
1,376 students Diverse
14 sports • 498 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,237
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

Property Timeline

🔧
Property Type Updated
Mar 20, 2026
5-9 Family → 4 Family - Rooming House
🏠
Listed for Sale
Mar 19, 2026
$1,150,000
Original listing
Agent: Michael Tinsley Office: Longwood Residential, LLC

Price & Status History

Date Event Price Change
Mar 19, 2026 New Listing Added $1,150,000 —

Market Statistics

Days on Market
1 days
Price per Sq Ft
$198

Tax History

Year Taxes Assessment
2026 $14,839 $1,125,000

Financial Details

Annual Property Tax
$14,839
Tax Year 2026
Assessed Value
$1,125,000

Listing Information

Listing Agent Michael Tinsley
Listing Office Longwood Residential, LLC
Agent MLS ID CT005683
Office MLS ID AC1259
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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