143-147 Vernon Street, Worcester MA 01604
Worcester, MA 01604
$2,275,000
Est. $14,186/month
About this home
Exceptional investment opportunity to acquire a well-maintained mixed-use 8-unit portfolio, proudly held by the same family for two generations. The portfolio includes two three-unit buildings and one two-family, delivering a flexible and desirable unit mix. The property features abundant off-street parking, two parking areas and a three-car garage. Extensive care is evident throughout, with numerous updates to cosmetics, plumbing, electrical systems. Many units have updated kitchens, bathrooms, forced hot air heating systems and are outfitted with in unit washer and dryer to enhance tenant appeal. Rents are currently below market, presenting a compelling value-add opportunity with the ability to increase annual income conservatively by $40,000. Ideally located near major highways, hospitals, and Union Station, this asset offers strong fundamentals, excellent accessibility, and long-term upside.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Apr 23, 2026
$2,275,000
Original listing
Agent: James Kalogeropoulos
Office: RE/MAX Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/23/2026 | 🏠 Listed for Sale | $2,275,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $29,785 | — |
Financial Details
Annual Property Tax
$29,785
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1900
Living Area
10,806 sq ft
Lot Size
0.55 acres
Investment Metrics
Gross Income
$197,280
Net Operating Income
$135,970
Operating Expenses
$61,310
Cap Rate
5.98%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available, 110 Volts, 220 Volts, See Remarks
Financial
Annual Tax
$29,785
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Square Footage Includes An Estimated 2, 400 Square Feet For 147a Building.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Worcester
Property Overview
Listing Type
Commercial Sale
Year Built
1900
Living Area
10,806 sq ft
Room Details
Other Floor
Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Frontage:
60.00 ft
Road Surface:
Parking & Garage
Parking Features:
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
D
Vernon Hill School
0.4 mi
|
#787 of 824
|
Score: 29.4
Dropped 44 spots from last year
-28.8 below state avg
525 students
Diverse
Diverse Student Body
Grades PK-06
C-
Learning First Charter Public School
0.5 mi
|
#289 of 352
|
Score: 32.5
Improved 43 spots from last year
-25.7 below state avg
666 students
Diverse
Rising School
Grades K-08
F
Union Hill School
0.6 mi
|
#815 of 824
|
Score: 25.3
Dropped 19 spots from last year
-33 below state avg
377 students
Diverse
Grades K-06
F
Quinsigamond School
0.8 mi
|
#797 of 824
|
Score: 28.9
Dropped 59 spots from last year
-29.3 below state avg
738 students
Diverse
Diverse Student Body
Grades PK-06
F
Grafton Street School
0.9 mi
|
#795 of 824
|
Score: 29.1
Improved 4 spots from last year
-29.1 below state avg
386 students
Diverse
Diverse Student Body
Grades K-06
D
Worcester Cultural Academy Charter Public School
1.1 mi
|
#786 of 824
|
Score: 29.4
Improved 49 spots from last year
-28.8 below state avg
194 students
Diverse
Rising School
Diverse Student Body
Grades K-06
C-
Canterbury School
1.1 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-
Jacob Hiatt Magnet School
1.1 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
F
Chandler Elementary Community School
1.3 mi
|
#805 of 824
|
Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students
Diverse
Grades K-06
C-
Woodland Academy
1.4 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
Middle Schools
6 schools
The Nativity School of Worcester
2.0 mi
Grades 05-08
Worcester SDA School
3.7 mi
Grades 01-08
C-
Worcester East Middle School
0.8 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
3.1 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
B
Sullivan Middle School
3.3 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+
Burncoat Middle School
3.7 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
High Schools
10 schools
Worcester Academy
0.5 mi
Grades 06-12
Saint Paul Diocesan Junior/Senior High School
0.6 mi
Grades 07-12
Worcester Alternative High School
0.7 mi
36 students
Diverse
Grades 07-12
B+
Claremont Academy
1.3 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
C-
University Park Campus School
1.5 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
Notre Dame Academy
3.1 mi
Grades 07-12
C-
North High School
1.9 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
B-
Doherty Memorial High School
2.1 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
A+
Massachusetts Academy of Math and Science at WPI
2.2 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+
Worcester Technical High School
2.5 mi
|
#219 of 346
|
Score: 49.8
Improved 47 spots from last year
-8.4 below state avg
1,442 students
Diverse
19 sports
• 1,016 athletes
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
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Location
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Neighborhood
143-147 Vernon Street, Worcester MA 01604
Worcester, MA 01604
Listing Information
Listing Agent
James Kalogeropoulos
Listing Office
RE/MAX Partners
Office Phone
508-635-1600
Agent MLS ID
K9502917
Office MLS ID
AN8069
Listing Data Updated
Apr 27, 2026 3:05 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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