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38-1/2 Bowdoin Street, Worcester MA 01609

Worcester, MA 01609
$449,000
Est. $2,871/month
5
Beds
2
Baths
2,266
Sq Ft
$198
Price/Sq Ft
0.05
Acres
1910
Year Built
Multi Family
Type
23
Days on Market
Pending Listed Mar 27, 2025 • MLS# 73351015 Copied! • Updated Apr 20, 2025

About this home

Don’t miss this fantastic investment property in a highly convenient Worcester location! This well-maintained multi-family home offers strong rental income with low upkeep. First-floor unit: Spacious 3-bedroom layout. Second-floor unit: Features 2 bedrooms plus a versatile bonus room—perfect for a home office or extra storage. Ample closet and storage space in both units. Shared basement laundry for tenant convenience. Expansive attic space with potential for storage or future expansion. On-street parking and easy access to public transportation, with a bus line just steps away. Prime location near schools, shopping, and more! This is a rare chance to own a solid income-generating property in a sought-after area. Schedule your showing today!

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

🏠
Listed for Sale
Mar 27, 2025
$449,000
Original listing
Office: Property Investors & Advisors, LLC
🏠
Listed for Sale
Mar 27, 2025
$449,000
Original listing
Office: Property Investors & Advisors, LLC

Tax History

Year Taxes Assessment
2024 $4,808 $349,700

Financial Details

Annual Property Tax
$4,808
Tax Year 2024
Assessed Value
$349,700

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1910
Living Area 2,266 sq ft
Lot Size 0.05 acres
Bedrooms 5
Full Baths 2
Total Rooms 9

Investment Metrics

Units 2
Unit 1 Rent $1,800/mo · N
Unit 2 Rent $1,195/mo · N
Total Monthly Rent $2,995/mo
Gross Income $35,940
Net Operating Income $35,940
Cap Rate 8.00%
Heating Natural Gas
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features Living Room, Kitchen, Dining Room
Construction Frame
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing Fenced/enclosed, Fenced
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $4,808
Assessed Value $349,700
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color Blue
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 24 days

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1910
Bedrooms
5
Full Bathrooms
2
Living Area
2,266 sq ft
Total Rooms
9
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features: Living Room, Kitchen, Dining Room
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1910
Structure Type:
Exterior Materials: Frame
Roof:
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Natural Gas
Heating Zones: 2
Cooling: None
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing: Fenced/Enclosed, Fenced
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Parking Features:
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
E

Elementary Schools

3 schools
D
Elm Park Community School
< 0.1 mi | #779 of 824 | Score: 30.6
Improved 25 spots from last year
-27.6 below state avg
478 students Diverse
Rising School Diverse Student Body
Grades K-06
Summit Academy School for Alternative Learners
0.5 mi
Grades K-12
F
Chandler Elementary Community School
0.6 mi | #805 of 824 | Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students Diverse
Grades K-06
M

Middle Schools

3 schools
The Nativity School of Worcester
0.7 mi
Grades 05-08
C+
Forest Grove Middle School
1.4 mi | #229 of 352 | Score: 38.3
Improved 91 spots from last year
-19.9 below state avg
839 students Diverse
Rising School Diverse Student Body
Grades 07-08
C-
Worcester East Middle School
1.6 mi | #298 of 352 | Score: 31.5
Improved 55 spots from last year
-26.7 below state avg
731 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
B-
Doherty Memorial High School
0.7 mi | #195 of 346 | Score: 51.8
Improved 26 spots from last year
-6.4 below state avg
1,573 students Very Diverse
19 sports • 1,302 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
A+
Massachusetts Academy of Math and Science at WPI
0.7 mi | #2 of 346 | Score: 91.7
Same rank as last year
99 students Diverse
Strong AP Program College Ready Curriculum Strong Attendance
Grades 11-12
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
Learn about these ratings
School data provided by BMN Schools

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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $401
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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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

38-1/2 Bowdoin Street, Worcester MA 01609

Worcester, MA 01609

Listing Information

Listing Office Property Investors & Advisors, LLC
Office Phone 774-413-0272
Agent MLS ID K9503102
Office MLS ID AN6259
Listing Data Updated Apr 20, 2025 12:30 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
(617) 800 - 9008 contact@bmnboston.com
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