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1038 Main Street, Worcester MA 01603

Worcester, MA 01603
$1,150,000
Est. $7,252/month
2
Beds
1
Baths
5,802
Sq Ft
$198
Price/Sq Ft
0.09
Acres
1920
Year Built
10 hours 21 minutes
Time 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
5-9 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
1
Living Area
5,802 sq ft
Total Rooms
24
Stories
5
Levels
5

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1920
Living Area 5,802 sq ft
Lot Size 0.09 acres
Bedrooms 2
Full Baths 1
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 information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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

Property Timeline

🏠
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

Time on Market
10 hours 21 minutes
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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Market Analytics for Worcester, MA

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