31 Chrome Street, Worcester MA 01604

Worcester, MA 01604
$1,195,000
$1,139,000
Est. $6,714/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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10
Beds
4
Baths
4,825
Sq Ft
$236
Price/Sq Ft
0.14
Acres
1920
Year Built
1
Garage Space
45
Days on Market
For Sale Price Drop -$56,000 Listed Sep 19, 2026 • MLS# 73579910 Copied! • Updated Oct 7, 2026

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About this home

Opportunities like 31 Chrome Street don’t come around often. If you’ve been searching for a truly turnkey investment where the heavy lifting has already been done, this well maintained 4-family property in the heart of Worcester is the one. This multi-family features three spacious 3-bedroom units and one 1-bedroom unit, al designed for long-term appeal. The setup is a landlord’s dream: every unit has separate utilities and dedicated in-unit laundry hookups. Recent capital improvements provide peace of mind, including a rubber roof installed just over a year ago, a brand-new concrete basement floor, a new hot water tank, and two new refrigerators. Outside, the property offers a rare find for the city: a 3-car paved driveway plus a garage, ensuring parking for tenants. The location is a major driver for consistent, high-quality occupancy. You are positioned just minutes from UMass Memorial, local universities, and the biotech hub, making this an ideal spot for long-term residents, students, or travel nursing professionals. Commuting is a breeze with immediate access to the Mass Pike, I-290, and I-190, and you’re just one mile from the commuter rail at Union Station. When it’s time to head out, the vibrant dining and entertainment scene on Shrewsbury Street is only two miles away. With strong cash flow potential this well maintained property is a strategic addition to any portfolio. Whether you're looking for a reliable income producer or a smart owner-occupant setup, this property is ready to perform.

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Recently Sold Nearby

Price & Status History

Market Insights

1
Price Changes
4.7%
Price Range

Property Timeline

↓
Price Reduced
Oct 3, 2026
$1,139,000 $56,000 (-4.69%)
From $1,195,000 to $1,139,000 (-4.7%)
🏠
Listed for Sale
Sep 19, 2026
$1,195,000
Original listing
Agent: Caroline Morson Office: Compass

Tax History

Year Taxes Assessment
2026 $9,057 $682,000

Financial Details

Annual Property Tax
$9,057
Tax Year 2026
Assessed Value
$682,000

Facts & Features

1 Car Garage

Home Facts

Type Residential Income
Style 4 Family - 4 Units Up/Down
Year Built 1920
Living Area 4,825 sq ft
Lot Size 0.14 acres
Stories 4
Bedrooms 10
Full Baths 4
Total Rooms 21

Investment Metrics

Units 4
Unit 1 Rent $1,562/mo · Y
Unit 2 Rent $2,250/mo · Y
Unit 3 Rent $2,500/mo · N
Unit 4 Rent $2,500/mo · N
Total Monthly Rent $8,812/mo
Gross Income $45,744
Net Operating Income $45,744
Operating Expenses $4,140
Water/Sewer Expense $1,800
Electric Expense $840
Cap Rate 4.02%
Heating Natural Gas, Individual, Forced Air
Cooling Window Unit(s)
Flooring Tile, Carpet, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Interior Entry, Concrete
Laundry Washer & Dryer Hookup
Features Kitchen, Living Rm/dining Rm Combo, Sunroom
Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch, Enclosed
Garage Spaces 1
Has Garage Yes
Features Paved Drive, Off Street
Total Spaces 4
Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, Varies Per Unit

Financial

Annual Tax $9,057
Assessed Value $682,000
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Lead Paint Certified Treated
Seller Disclosures Buyers And Buyers Agents To Perform Their Own Due Diligence. Property To Be Sold As-is. Units 3 & 4 Rents Are Projected Based On Market Rents. Basement Has New Concrete Floor. Two New Refrigerators And New Hot Water Heater Installed.
Exclusions Tenant Personal Property, Includes Tenant W/D.
Possession None
Accepted Financing None
Structure Type []
House Color White
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 18 days

Property Overview

Property Type
4 Family - 4 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
10
Full Bathrooms
4
Living Area
4,825 sq ft
Total Rooms
21
Stories
4
Levels
4

Floor Layout

Interior Features

Flooring: Tile, Carpet, Hardwood
Appliances: Range, Refrigerator
Interior Features: Kitchen, Living RM/Dining RM Combo, Sunroom
Windows:
Basement: Interior Entry, Concrete
Laundry: Washer & Dryer Hookup
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation: Stone
Stories: 4

Utilities & Systems

Heating: Natural Gas, Individual, Forced Air
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Enclosed
Fencing: Fenced
Other Structures:
Lot Features: Cleared
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

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Loan Amount
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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 $755
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

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Current Rate
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Payment Over Time

Interest
Principal
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

31 Chrome Street, Worcester MA 01604

Worcester, MA 01604

Listing Information

Listing Agent Caroline Morson
Listing Office Compass
Office Phone 617-206-3333
Agent MLS ID CN222162
Office MLS ID AN2383
Listing Data Updated Oct 7, 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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