27 North St, Worcester MA 01605
Worcester, MA 01605
$4,500,000
Est. $23,951/month
About this home
Prime Investment Opportunity – 21 Units on Poet Hill, Worcester Rare portfolio of 21 well-maintained, de-leaded residential units across four adjacent parcels in Worcester’s desirable Poet Hill neighborhood. Just 0.2 miles from Trolley Yard, minutes to downtown, and under 10 minutes to 8 colleges and 4 major hospitals. Features strong in-place income ($33,800/month), with upside potential and rent growth($38,734/month proforma). Proforma CAP Rate of 8.7% On-site parking with expansion potential. Clustered assets offer efficient management and turnkey appeal for both local and out-of-town investors. Ideal location in one of Worcester’s hottest rental markets.
Facts & Features
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
46
Full Bathrooms
21
Living Area
15,080 sq ft
Total Rooms
88
Stories
5
Levels
5
Interior Features
Has Fireplace
No
Exterior & Structure
Roof
Shingle
Foundation
Irregular
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.50 acres
Lot Size
21,625 sq ft
Lot Size Area
0.5000
Lot Features
Other
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
20
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$41,788
Tax Year
2025
Tax Assessed Value
$3,167,400
Parcel Number
M:09 B:026 L:00003,1771306
Zoning
RG-5
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
This is a 4 parcel portfolio. Buyer and Buyer agent to verify all information
Exclusions
Tenant's Personal Property
Location
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Neighborhood
27 North St, Worcester MA 01605
Worcester, MA 01605
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$3,482
Homeowners Insurance
$200
PMI
$0
Property History
Property Timeline
Listed for Sale
May 14, 2025
$4,500,000
Original listing
Agent: Brian Allen
Office: Property Investors & Advisors, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/14/2025 | 🏠 Listed for Sale | $4,500,000 | - | - | Original listing |