3 Chelsea St, Worcester MA 01610
Worcester, MA 01610
$1,000,000
$950,000
Est. $5,818/month
About this home
This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. The property also features a new roof. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 8.21% cap rate at $135,714 per unit, this property represents a strong investment opportunity in the growing Worcester market.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
5%
Price Range
Property Timeline
Pending Sale
Jun 22, 2026
Offer accepted, sale pending
Price Reduced
Jun 2, 2026
$950,000
$50,000
(-5%)
From $1,000,000 to $950,000 (-5.0%)
Listed for Sale
May 11, 2026
$1,000,000
Original listing
Agent: Ethan Lazar
Office: Horvath & Tremblay
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/22/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/02/2026 | ↓ Price Reduced | $950,000 | $50,000 | - | From $1,000,000 to $950,000 (-5.0%) |
| 05/11/2026 | 🏠 Listed for Sale | $1,000,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,771 | $710,600 |
Financial Details
Annual Property Tax
$9,771
Tax Year 2026
Assessed Value
$710,600
Facts & Features
5 Car Garage
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1887
Living Area
3,652 sq ft
Lot Size
0.21 acres
Bedrooms
9
Full Baths
7
Total Rooms
21
Investment Metrics
Units
7
Unit 1 Rent
$1,350/mo · N
Unit 2 Rent
$1,350/mo · N
Unit 3 Rent
$1,200/mo
Unit 4 Rent
$1,100/mo · Y
Total Monthly Rent
$5,000/mo
Gross Income
$117,000
Net Operating Income
$78,042
Operating Expenses
$33,108
Water/Sewer Expense
$2,687
Electric Expense
$1,549
Insurance Expense
$5,591
Cap Rate
8.21%
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
Garage Spaces
5
Has Garage
Yes
Features
Paved Drive, Off Street
Total Spaces
10
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,771
Assessed Value
$710,600
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)
44 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1887
Bedrooms
9
Full Bathrooms
7
Living Area
3,652 sq ft
Total Rooms
21
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,652 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:
1887
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
5
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:
Road Surface:
Parking & Garage
Garage Spaces:
5
Total Parking Spaces:
10
Parking Features:
Paved Drive, Off Street
Nearby Schools
School information not available for this location.
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
$814
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
3 Chelsea 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
Jun 24, 2026 1:09 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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