120 Southgate St, Worcester MA 01603
Worcester, MA 01603
$999,900
Est. $5,689/month
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About this home
Great investment opportunity at 120 Southgate St in Worcester! This well-maintained six-family property has been remodeled throughout and is in excellent overall condition. The property currently generates over $11,000 per month in rental income, providing a strong and established income stream for the next owner.Most of the units are occupied by long-term tenants, offering excellent tenant stability and consistent rental history. The apartments have been updated and well cared for, and the property has been maintained in a way that allows a new owner to step in without taking on a major renovation project.With six units, strong existing rents, long-term tenants, and a building that is in great shape, this is an excellent opportunity for an investor looking for a solid Worcester multifamily property. There is also potential for future rental growth as leases turn over and market rents continue to increase.A great addition to an existing portfolio or an excellent opportunity for an investor looking for a larger multifamily property with substantial monthly income. Come see 120 Southgate St and appreciate the condition, income, and overall quality this property has to offer.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 28, 2026
$999,900
Original listing
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/28/2026 | 🏠 Listed for Sale | $999,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,193 | $393,700 |
Financial Details
Annual Property Tax
$5,193
Tax Year 2025
Assessed Value
$393,700
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1910
Living Area
5,535 sq ft
Lot Size
0.13 acres
Stories
6
Bedrooms
17
Full Baths
6
Total Rooms
35
Investment Metrics
Units
6
Unit 1 Rent
$2,100/mo · N
Unit 2 Rent
$1,800/mo · N
Unit 3 Rent
$1,800/mo · N
Unit 4 Rent
$1,900/mo · N
Total Monthly Rent
$7,600/mo
Gross Income
$134,400
Net Operating Income
$134,400
Cap Rate
13.44%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
None
Parking
Features
Off Street, Common, Unpaved
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,193
Assessed Value
$393,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Seller Has Never Lived In The Property. Buyers And Their Agents Must Do Their Own Due Diligence.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
17
Full Bathrooms
6
Living Area
5,535 sq ft
Total Rooms
35
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,535 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Block, Stone
Stories:
6
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Off Street, Common, Unpaved
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
$433
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
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.
Location
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Neighborhood
120 Southgate St, Worcester MA 01603
Worcester, MA 01603
Listing Information
Listing Agent
Michael Duran
Listing Office
Limitless Real Estate Group, LLC
Office Phone
617-958-1904
Agent MLS ID
CN210769
Office MLS ID
AN4367
Listing Data Updated
Aug 28, 2026 12:35 AM EDT
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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