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2 Preston St, Worcester MA 01610

Worcester, MA 01610
$2,399,000
Est. $14,372/month
29
Beds
10
Baths
10,170
Sq Ft
$236
Price/Sq Ft
0.07
Acres
1900
Year Built
10
Days on Market
Pending Listed Feb 9, 2026 • MLS# 73475427 Copied! • Updated Jun 12, 2026

About this home

Immaculate 10-unit investment opportunity just hit the market in the heart of Worcester, MA. This well-maintained multifamily property features a desirable mix of spacious 2- and 3-bedroom units, making it highly attractive to long-term tenants. The current monthly rent roll is 21009.00 with all units participating in Section 8, offering investors the benefit of stable income. Annual rent increases have already been submitted and approved effective 4/1/2026, BRINGING IN ANNUALLY 30,420 to thr bottom line. Properties of this size, condition, and income stability rarely come to market, especially in one of the fastest-growing cities in Massachusetts. Ideal for both seasoned investors and those looking to expand their portfolio with a strong, low-risk asset. Open House Canceled

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

Property Timeline

Pending Sale
Feb 20, 2026
Offer accepted, sale pending
👁️
Showing Instructions Updated
Feb 9, 2026
New showing requirements
🏠
Listed for Sale
Feb 9, 2026
$2,399,000
Original listing
Agent: We Close Deals Team Office: Lamacchia Realty, Inc.

Tax History

Year Taxes Assessment
2025 $24,495 $1,857,100

Financial Details

Annual Property Tax
$24,495
Tax Year 2025
Assessed Value
$1,857,100

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1900
Living Area 10,170 sq ft
Lot Size 0.07 acres
Bedrooms 29
Full Baths 10
Total Rooms 49

Investment Metrics

Units 10
Unit 1 Rent $1,950/mo · Y
Unit 2 Rent $2,400/mo · Y
Unit 3 Rent $2,008/mo · Y
Unit 4 Rent $2,214/mo · Y
Total Monthly Rent $8,572/mo
Gross Income $252,108
Net Operating Income $180,726
Operating Expenses $71,382
Water/Sewer Expense $12,800
Electric Expense $2,402
Insurance Expense $10,972
Cap Rate 7.53%
Heating Baseboard
Cooling None
Flooring Wood, Vinyl
Appliances Range, Refrigerator
Fireplace None
Basement Interior Entry, Dirt Floor
Laundry Electric Dryer Hookup, Washer Hookup
Features Lead Certification Available, Bathroom With Tub & Shower, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room, Family Room
Construction Brick
Architecture None
Roof Tar/gravel
Features Balcony/deck
Pool None
Spa None
Fencing None
Patio/Porch Deck
Features Off Street
Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $24,495
Assessed Value $1,857,100
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures The Seller Is The Listing Agent!! Buyer And Buyers Agent To Do Their Own Due Diligence. Sell And Sellers Agent Are Not Liable For Any Inaccurate Information. All Tenants Are Section 8. Rental Increases Have Been Filed For 4-1-2026 Waiting For Finial Approval.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 11 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
29
Full Bathrooms
10
Living Area
10,170 sq ft
Total Rooms
49
Stories
5
Levels
5

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: Wood, Vinyl
Appliances: Range, Refrigerator
Interior Features: Lead Certification Available, Bathroom With Tub & Shower, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room, Family Room
Windows: Insulated Windows
Basement: Interior Entry, Dirt Floor
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Brick
Roof: Tar/Gravel
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating: Baseboard
Heating Zones: 1
Cooling: None
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features: Off Street
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

3 schools
C-
Jacob Hiatt Magnet School
< 0.1 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
0.2 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
0.3 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
M

Middle Schools

2 schools
The Nativity School of Worcester
1.4 mi
Grades 05-08
C-
Worcester East Middle School
1.5 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
H

High Schools

3 schools
B+
Claremont Academy
0.4 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
B-
Doherty Memorial High School
0.9 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
Worcester Alternative High School
1.0 mi
36 students Diverse
Grades 07-12
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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 $2,041
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.

Location

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Neighborhood

2 Preston St, Worcester MA 01610

Worcester, MA 01610

Listing Information

Listing Agent We Close Deals Team
Listing Office Lamacchia Realty, Inc.
Office Phone 508-832-5324
Agent MLS ID TM358936
Office MLS ID AN8507
Listing Data Updated Jun 12, 2026 7:25 PM 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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