120 Southgate St, Worcester MA 01603
Worcester, MA 01603
$999,900
Est. $5,689/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
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
Price & Status 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
Total market time (incl. prior listings)
6 days
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
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
Utilities & Systems
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 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
Elementary Schools
10 schools
C-
Canterbury School
0.1 mi
|
#747 of 825
|
Score: 32.8
Improved 62 spots from last year
-25.4 below state avg
307 students
Diverse
Rising School
Diverse Student Body
Grades PK-06
C-
Goddard School/Science Technical
0.3 mi
|
#707 of 825
|
Score: 35.1
Improved 13 spots from last year
-23.1 below state avg
334 students
Diverse
Grades PK-06
C+
Columbus Park School
0.9 mi
|
#9 of 12
|
Score: 31.8
Improved 720 spots from last year
-26.4 below state avg
358 students
Diverse
Rising School
Diverse Student Body
Grades PK-06
C-
Woodland Academy
0.9 mi
|
#11 of 12
|
Score: 28.8
Improved 726 spots from last year
-29.4 below state avg
486 students
Diverse
Rising School
Grades K-06
C-
Jacob Hiatt Magnet School
1.0 mi
|
#693 of 825
|
Score: 36.3
Dropped 138 spots from last year
-21.9 below state avg
362 students
Diverse
Diverse Student Body
Grades PK-06
Seven Hills Foundation
1.0 mi
Grades K-12
F
Chandler Elementary Community School
1.1 mi
|
#807 of 825
|
Score: 26.6
Dropped 61 spots from last year
-31.6 below state avg
412 students
Diverse
Diverse Student Body
Grades K-06
Our Lady of the Angels School
1.1 mi
Grades PK-08
C-
Learning First Charter Public School
1.2 mi
|
#292 of 352
|
Score: 32.3
Improved 40 spots from last year
-25.9 below state avg
666 students
Diverse
Rising School
Grades K-08
C-
Gates Lane School
1.2 mi
|
#736 of 825
|
Score: 33.4
Dropped 2 spots from last year
-24.8 below state avg
550 students
Very Diverse
Diverse Student Body
Grades PK-06
Middle Schools
6 schools
The Nativity School of Worcester
2.3 mi
Grades 05-08
Worcester SDA School
2.8 mi
Grades 01-08
C-
Worcester East Middle School
1.9 mi
|
#302 of 352
|
Score: 31.5
Improved 51 spots from last year
-26.7 below state avg
781 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B
Sullivan Middle School
2.1 mi
|
#156 of 352
|
Score: 44.0
Improved 29 spots from last year
-14.2 below state avg
954 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
Forest Grove Middle School
2.9 mi
|
#230 of 352
|
Score: 38.2
Improved 90 spots from last year
-20 below state avg
938 students
Diverse
Rising School
Diverse Student Body
Grades 07-08
C+
Burncoat Middle School
4.0 mi
|
#231 of 352
|
Score: 38.0
Improved 50 spots from last year
-20.2 below state avg
679 students
Diverse
Rising School
Diverse Student Body
Grades 07-08
High Schools
10 schools
C-
University Park Campus School
0.3 mi
|
#286 of 346
|
Score: 42.8
Dropped 9 spots from last year
-15.4 below state avg
224 students
Diverse
Early College Program
College Ready Curriculum
Grades 07-12
Worcester Alternative High School
0.5 mi
36 students
Diverse
Diverse Student Body
Grades 07-12
B+
Claremont Academy
0.7 mi
|
#9 of 25
|
Score: 37.3
Improved 317 spots from last year
-20.9 below state avg
451 students
Moderate
10 sports
• 216 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 07-12
Worcester Academy
1.5 mi
Grades 06-12
Saint Paul Diocesan Junior/Senior High School
1.8 mi
Grades 07-12
Notre Dame Academy
2.7 mi
Grades 07-12
B-
Doherty Memorial High School
1.6 mi
|
#199 of 346
|
Score: 52.3
Improved 22 spots from last year
-5.9 below state avg
1,756 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
2.3 mi
|
#169 of 346
|
Score: 54.3
Improved 64 spots from last year
-3.9 below state avg
1,770 students
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
2.4 mi
|
#2 of 346
|
Score: 91.7
Same rank as last year
98 students
Moderate
Strong AP Program
College Ready Curriculum
Strong Attendance
Grades 11-12
C-
North High School
2.9 mi
|
#299 of 346
|
Score: 38.8
Improved 28 spots from last year
-19.4 below state avg
1,377 students
Diverse
14 sports
• 498 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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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
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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
Agent MLS ID
CN210769
Office MLS ID
AN4367
Listing Data Updated
Sep 1, 2026 3:09 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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