256 Belmont St, Worcester MA 01604
Worcester, MA 01604
$640,000
Est. $4,062/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
PRIME WORCESTER 3-FAMILY INVESTMENT OPPORTUNITY! Fully occupied and generating $61,200 in annual gross rental income ($5,100/month)! This income-producing multifamily features 7 bedrooms, 3 full baths, spacious layouts, cosmetic updates, abundant basement storage, an outdoor shed, and a fenced backyard. Lead compliant. Tenants currently utilize a nearby parking lot as an alternative to on-site parking. Ideally located on Belmont Street (Route 9), minutes from UMass Memorial Medical Center, Shrewsbury Street's dining district, downtown Worcester, Union Station, I-290, I-90/Mass Pike, universities, and shopping. An excellent opportunity for investors seeking immediate cash flow and long-term potential. Rear porch was enclosed to gain additional sqft. SHOWINGS BEGIN AT OPEN HOUSE SATURDAY, NOVEMBER 7, 11 AM–1 PM!
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Recently Sold Nearby
Price & Status History
Property Timeline
Listed for Sale
Nov 1, 2026
$640,000
Original listing
Office: Coldwell Banker Realty - Newton
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/01/2026 | 🏠 Listed for Sale | $640,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,511 | $565,600 |
Financial Details
Annual Property Tax
$7,511
Tax Year 2026
Assessed Value
$565,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1923
Living Area
3,090 sq ft
Lot Size
0.11 acres
Stories
3
Bedrooms
7
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$1,800/mo · Y
Unit 2 Rent
$1,650/mo · Y
Unit 3 Rent
$1,650/mo · Y
Total Monthly Rent
$5,100/mo
Gross Income
$61,200
Net Operating Income
$61,200
Cap Rate
9.56%
Interior
Heating
Steam
Cooling
Window Unit(s)
Flooring
Wood, Vinyl, Hardwood
Appliances
Range, Dishwasher, Refrigerator
Fireplace
None
Basement
Full, Walk-out Access, Concrete
Laundry
Washer & Dryer Hookup
Features
Lead Certification Available, Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room
Exterior
Construction
Frame
Architecture
None
Roof
Tar/gravel
Features
Balcony/deck, Balcony
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Porch
Parking
Features
Off Street, Common, Other
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range
Financial
Annual Tax
$7,511
Assessed Value
$565,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
None
Seller Disclosures
None
Exclusions
Tenants Currently Utilizing A Nearby Parking Lot Offering An Alternative To On-Site Parking.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
blue
Sq Ft Source
Measured
Sq Ft Disclosures
Rear porch was enclosed to gain additional sqft
Documents
None
County
Worcester
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1923
Bedrooms
7
Full Bathrooms
3
Living Area
3,090 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interior Features
Flooring:
Wood, Vinyl, Hardwood
Appliances:
Range, Dishwasher, Refrigerator
Interior Features:
Lead Certification Available, Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room
Windows:
Picture Window
Basement:
Full, Walk-Out Access, Concrete
Laundry:
Washer & Dryer Hookup
Security:
Construction & Materials
Year Built:
1923
Structure Type:
Exterior Materials:
Frame
Roof:
Tar/Gravel
Foundation:
Brick/Mortar
Stories:
3
Utilities & Systems
Heating:
Steam
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Balcony
Patio & Porch:
Porch
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Off Street, Common, Other
Special Features
View:
Yes
View Type:
City View(s)
Community Amenities:
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
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-
Belmont Street Community School
0.4 mi
|
#723 of 825
|
Score: 34.2
Dropped 114 spots from last year
-24 below state avg
605 students
Diverse
Diverse Student Body
Grades PK-06
Venerini Academy
0.6 mi
Grades PK-08
F
City View School
0.7 mi
|
#809 of 825
|
Score: 26.0
Dropped 76 spots from last year
-32.2 below state avg
440 students
Diverse
Diverse Student Body
Grades PK-06
B
Lake View School
1.1 mi
|
#386 of 825
|
Score: 48.1
Improved 63 spots from last year
-10.1 below state avg
292 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-06
F
Worcester Cultural Academy Charter Public School
1.2 mi
|
#790 of 825
|
Score: 29.4
Improved 45 spots from last year
-28.8 below state avg
230 students
Diverse
Rising School
Diverse Student Body
Grades K-06
Summit Academy School for Alternative Learners
1.2 mi
Grades K-12
F
Grafton Street School
1.2 mi
|
#796 of 825
|
Score: 28.9
Improved 3 spots from last year
-29.3 below state avg
438 students
Diverse
Diverse Student Body
Grades K-06
F
Wawecus Road School
1.4 mi
|
#801 of 825
|
Score: 28.1
Dropped 52 spots from last year
-30.1 below state avg
158 students
Very Diverse
Diverse Student Body
Grades K-06
D
Elm Park Community School
1.4 mi
|
#774 of 825
|
Score: 30.9
Improved 30 spots from last year
-27.4 below state avg
444 students
Diverse
Rising School
Grades K-06
F
Union Hill School
1.6 mi
|
#815 of 825
|
Score: 25.0
Dropped 19 spots from last year
-33.2 below state avg
383 students
Diverse
Grades K-06
Middle Schools
6 schools
The Nativity School of Worcester
0.9 mi
Grades 05-08
Worcester SDA School
3.9 mi
Grades 01-08
C-
Worcester East Middle School
1.4 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
C+
Burncoat Middle School
1.7 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
C+
Forest Grove Middle School
2.0 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
B
Sullivan Middle School
4.6 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
High Schools
10 schools
Worcester Academy
1.6 mi
Grades 06-12
Saint Paul Diocesan Junior/Senior High School
2.2 mi
Grades 07-12
B+
Claremont Academy
2.4 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
Notre Dame Academy
2.5 mi
Grades 07-12
Worcester Alternative High School
2.5 mi
36 students
Diverse
Diverse Student Body
Grades 07-12
C-
University Park Campus School
3.0 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
C+
Worcester Technical High School
0.3 mi
|
#223 of 346
|
Score: 50.1
Improved 43 spots from last year
-8.1 below state avg
1,409 students
Diverse
19 sports
• 1,016 athletes
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
A+
Massachusetts Academy of Math and Science at WPI
1.1 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
1.1 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
C-
Burncoat Senior High School
1.8 mi
|
#283 of 346
|
Score: 44.0
Dropped 63 spots from last year
-14.2 below state avg
1,000 students
Very Diverse
18 sports
• 778 athletes
Early College Program
College Ready Curriculum
Strong Athletics
Diverse Student Body
Grades 09-12
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Loan Amount
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Total Interest
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Over life of loan
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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
$626
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total interest paid
$0
Rate Impact
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
256 Belmont St, Worcester MA 01604
Worcester, MA 01604
Listing Information
Listing Agent
Diane Basemera
Listing Office
Coldwell Banker Realty - Newton
Office Phone
617-969-2447
Agent MLS ID
CN232564
Office MLS ID
AN6227
Listing Data Updated
Nov 1, 2026 10:32 PM EST
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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