22 Florence St, Worcester MA 01610
Worcester, MA 01610
$1,000,000
Est. $5,893/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.
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About this home
The multi-story building contains five (5) 2-Bedroom/1-Bathroom units with 3,254 square feet of gross living area in 5,526 square feet of gross area. The Property is situated upon a 0.16-acre parcel and has on-street parking. All five units were recently renovated. Renovations include brand new kitchens, new flooring, and new bathrooms. Several of the units were also upgraded with brand new mini split air conditioning units. The Property is currently fully occupied at slightly below market rents offering upside to the purchaser with little to no additional expenditure needed. Net operating income is further improved by separately metered heat, hot water, and electricity which the tenants pay directly. The owner is only responsible for domestic water & sewer. 22 Florence Street is well-positioned in Worcester's established Vernon Hill neighborhood just steps from Clark University. This offers convenient access to downtown Worcester, neighborhood retail corridors, and surrounding residential communities. The opportunity exists to acquire a well maintained and recently improved asset in a desirable urban market. Listed at an 8.34% cap rate.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Pending Sale
Aug 19, 2026
Offer accepted, sale pending
Listed for Sale
Aug 11, 2026
$1,000,000
Original listing
Agent: Ethan Lazar
Office: Horvath & Tremblay
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/19/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 08/11/2026 | 🏠 Listed for Sale | $1,000,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,635 | $574,900 |
Financial Details
Annual Property Tax
$7,635
Tax Year 2026
Assessed Value
$574,900
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1890
Living Area
3,254 sq ft
Lot Size
0.16 acres
Stories
5
Bedrooms
10
Full Baths
5
Total Rooms
20
Investment Metrics
Units
5
Unit 1 Rent
$1,850/mo · Y
Unit 2 Rent
$1,800/mo · Y
Unit 3 Rent
$1,850/mo · Y
Unit 4 Rent
$1,860/mo · Y
Total Monthly Rent
$7,360/mo
Gross Income
$110,520
Net Operating Income
$83,420
Operating Expenses
$27,100
Water/Sewer Expense
$2,220
Electric Expense
$360
Insurance Expense
$6,110
Cap Rate
8.34%
Interior
Heating
Natural Gas, Electric
Cooling
Ductless
Flooring
None
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,635
Assessed Value
$574,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
All 5 units were recently renovated with new kitchens, bathrooms, and flooring.
Documents
None
County
Worcester
Total market time (incl. prior listings)
8 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
Sale Pending
Year Built
1890
Bedrooms
10
Full Bathrooms
5
Living Area
3,254 sq ft
Total Rooms
20
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,254 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:
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Other
Stories:
5
Heating, Cooling & Utilities
Heating:
Natural Gas, Electric
Cooling:
Ductless
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Paved
Parking & Garage
Parking Features:
On Street
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
3 schools
C-
Woodland Academy
0.4 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-
Goddard School/Science Technical
0.5 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
0.6 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
Middle Schools
1 school
The Nativity School of Worcester
1.9 mi
Grades 05-08
High Schools
3 schools
B+
Claremont Academy
0.2 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
C-
University Park Campus School
0.6 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
B-
Doherty Memorial High School
0.9 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
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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
$636
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
22 Florence St, Worcester MA 01610
Worcester, MA 01610
Listing Information
Listing Agent
Ethan Lazar
Listing Office
Horvath & Tremblay
Office Phone
781-776-4000
Agent MLS ID
CN252872
Office MLS ID
AN2723
Listing Data Updated
Aug 19, 2026 8:40 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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