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38 Benefit St, Worcester MA 01610

Worcester, MA 01610
$825,000
Est. $4,929/month
8
Beds
6
Baths
5,216
Sq Ft
$158
Price/Sq Ft
0.11
Acres
1900
Year Built
5-9 Family
Type
5 hours 37 minutes
Time on Market
Active Listed Apr 14, 2026 • MLS# 73501042 Copied!

About this home

This centrally located value-add 6-unit property at 38 Benefit in Worcester, Massachusetts, consists of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 5,216 sq. ft. of living space on a 0.11-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 benefits from brand new high efficiency Navien hot water heaters. Three of the six units have been recently renovated featuring new kitchens, updated bathrooms, and new flooring. There is an opportunity to dramatically increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units as all units are currently TAW. Listed at a 7.95% cap rate, this property represents a strong investment opportunity in the growing Worcester market.

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Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
8
Full Bathrooms
6
Living Area
5,216 sq ft
Total Rooms
20
Stories
5
Levels
5

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1900
Living Area 5,216 sq ft
Lot Size 0.11 acres
Bedrooms 8
Full Baths 6
Total Rooms 20

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

Features Off Street
Total Spaces 4

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,690
Assessed Value $503,800

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
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: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street

Location

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Neighborhood

38 Benefit St, Worcester MA 01610

Worcester, MA 01610

Walkability

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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
E

Elementary Schools

3 schools
C-
Jacob Hiatt Magnet School
0.2 mi | #691 of 824 | Score: 36.2
Dropped 136 spots from last year
-22 below state avg
367 students Diverse
Diverse Student Body
Grades PK-06
C-
Woodland Academy
0.4 mi | #11 of 12 | Score: 28.5
Improved 726 spots from last year
-29.7 below state avg
482 students Moderate
Rising School
Grades K-06
F
Chandler Elementary Community School
0.5 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

2 schools
C-
Worcester East Middle School
1.4 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
The Nativity School of Worcester
1.6 mi
Grades 05-08
H

High Schools

3 schools
B+
Claremont Academy
0.4 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
Worcester Alternative High School
0.7 mi
36 students Diverse
Grades 07-12
C-
University Park Campus School
0.9 mi | #290 of 346 | Score: 41.4
Dropped 13 spots from last year
-16.8 below state avg
233 students Diverse
Early College Program High Graduation Rate College Ready Curriculum Strong Attendance
Grades 07-12
Learn about these ratings
School data provided by BMN Schools

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 $558
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

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.

Property History

Property Timeline

🏠
Listed for Sale
Apr 14, 2026
$825,000
Original listing
Agent: Ethan Lazar Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
Apr 14, 2026 New Listing Added $825,000 —

Market Statistics

Time on Market
5 hours 37 minutes
Price per Sq Ft
$158

Tax History

Year Taxes Assessment
2026 $6,690 $503,800

Financial Details

Annual Property Tax
$6,690
Tax Year 2026
Assessed Value
$503,800

Listing Information

Listing Agent Ethan Lazar
Listing Office Horvath & Tremblay
Agent MLS ID CN252872
Office MLS ID AN2723
Listing Data Updated Apr 14, 2026 10:22 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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