23 Lakewood St, Worcester MA 01603
Worcester, MA 01603
$599,000
Est. $3,659/month
About this home
Well-maintained multi-family property offering excellent investment or owner-occupant opportunity. This spacious home features two primary units plus a bonus third-floor providing flexible living arrangements and strong rental potential. The first floor is currently rented, rent is $2750 . while the second ( one person family menber lives ) and pay rent $1800. and third floor can be delivered vacant if need it . allowing immediate occupancy or market-rate leasing. Hardwood floors, large living spaces, and ample natural light throughout. Situated on a corner lot with off-street parking and convenient access to shopping, public transportation, and major routes. A rare chance to own a versatile, income-producing property in a strong Worcester rental market. open house 04/26/2026 at 2:00-3:30pm.
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Property History
Market Insights
Property Timeline
Status: Active under contract
May 30, 2026
Active → Active Under Contract
Pending Sale
May 27, 2026
Offer accepted, sale pending
Listed for Sale
Apr 18, 2026
$599,000
Original listing
Agent: Tai Cheng
Office: La Maison
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/30/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 05/27/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 04/18/2026 | 🏠 Listed for Sale | $599,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,157 | $391,000 |
Financial Details
Annual Property Tax
$5,157
Tax Year 2025
Assessed Value
$391,000
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1890
Living Area
2,500 sq ft
Lot Size
0.17 acres
Bedrooms
5
Full Baths
2
Half Baths
1
Total Rooms
14
Investment Metrics
Units
2
Unit 1 Rent
$2,750/mo · Y
Unit 2 Rent
$1,800/mo · N
Total Monthly Rent
$4,550/mo
Gross Income
$54,600
Net Operating Income
$54,600
Cap Rate
9.12%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,157
Assessed Value
$391,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
56 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1890
Bedrooms
5
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,500 sq ft
Total Rooms
14
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,500 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:
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Roof:
Foundation:
Other
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
4
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
3 schools
Our Lady of the Angels School
0.3 mi
Grades PK-08
C-
Gates Lane School
0.3 mi
|
#744 of 824
|
Score: 33.0
Dropped 10 spots from last year
-25.2 below state avg
547 students
Very Diverse
Diverse Student Body
Grades PK-06
C+
Columbus Park School
0.6 mi
|
#9 of 12
|
Score: 31.6
Improved 720 spots from last year
-26.6 below state avg
381 students
Diverse
Rising School
Grades PK-06
Middle Schools
2 schools
B
Sullivan Middle School
1.2 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
Worcester SDA School
2.2 mi
Grades 01-08
High Schools
3 schools
C-
University Park Campus School
0.6 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
B+
Claremont Academy
1.1 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
South High Community School
1.4 mi
|
#168 of 346
|
Score: 53.6
Improved 65 spots from last year
-4.6 below state avg
1,800 students
Very Diverse
19 sports
• 1,056 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
Learn about these ratings
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
$430
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
23 Lakewood St, Worcester MA 01603
Worcester, MA 01603
Listing Information
Listing Agent
Tai Cheng
Listing Office
La Maison
Office Phone
508-736-2911
Agent MLS ID
NB113513
Office MLS ID
AN2029
Listing Data Updated
Jun 13, 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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