576 Franklin St, Worcester MA 01608
Worcester, MA 01608
$949,900
Est. $5,823/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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Open House Schedule
16
Sep
Wednesday, September 16
4:00 PM - 5:30 PM EDT
About this home
Gorgeous city views and extensive updates make this impressive 3-family a standout opportunity for investors or owner occupants! Completely renovated from the studs in 2018 and freshly painted throughout, all 3 units are vacant and ready for new tenants at market rents. Each spacious apartment offers 6 rooms, 3 bedrooms and 1 full bath with high ceilings, hardwood flooring, generous living and dining rooms, excellent closet space and bright eat-in kitchens featuring white cabinetry, granite countertops and stainless steel appliances. Tiled baths, Nest thermostats and full-size stackable washer/dryers in EACH unit add convenience and appeal for today’s tenants. Major 2018 improvements included windows, electrical, super-efficient heating systems and hot water tanks, plus a newer shingled roof installed in 2023. A paved driveway provides an exceptional 9 off-street parking spaces! The extra-large lot offers intriguing possibilities for additional value, with potential for a single-family home or ADU—buyer to perform all due diligence regarding feasibility, zoning and permitting. Additional amenities include basement storage, storage shed and backyard space perfect for cookouts and outdoor enjoyment. And don’t miss the front-yard city views—including a terrific spot to watch Worcester’s 4th of July fireworks! A turnkey multi-family in a high-demand rental location with vacant units, substantial improvements, great parking and future potential—an outstanding opportunity to set your own rents and start fresh!
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Showing Instructions Updated
Sep 2, 2026
New showing requirements
Showing Instructions Updated
Jun 25, 2026
New showing requirements
Showing Instructions Updated
Jun 13, 2026
New showing requirements
Listed for Sale
Jun 12, 2026
$949,900
Original listing
Agent: Claire Rainville
Office: REMAX Executive Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/02/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/25/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/13/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/12/2026 | 🏠 Listed for Sale | $949,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,836 | $745,700 |
Financial Details
Annual Property Tax
$9,836
Tax Year 2025
Assessed Value
$745,700
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1910
Living Area
3,402 sq ft
Lot Size
0.25 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
18
Investment Metrics
Units
3
Unit 1 Rent
$2,700/mo · N
Unit 2 Rent
$2,650/mo · N
Unit 3 Rent
$2,600/mo · N
Total Monthly Rent
$7,950/mo
Gross Income
$95,400
Net Operating Income
$87,074
Operating Expenses
$8,430
Water/Sewer Expense
$2,000
Electric Expense
$600
Insurance Expense
$3,926
Cap Rate
9.17%
Interior
Heating
Hot Water, Natural Gas, Baseboard
Cooling
None
Flooring
Tile, Varies, Laminate, Hardwood
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Full, Interior Entry, Concrete, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Laundry Room, Living Rm/dining Rm Combo, Mudroom, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Deck
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
9
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$9,836
Assessed Value
$745,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Current Market Rents Are Estimated. The Property Has A Potential Gross Annual Income Of Approximately $95, 400 And A Pro Forma 8.1% Cap Rate. Some Photos Have Been Virtually Staged.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
89 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1910
Bedrooms
9
Full Bathrooms
3
Living Area
3,402 sq ft
Total Rooms
18
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,402 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Deck
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Tile, Varies, Laminate, Hardwood
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Laundry Room, Living RM/Dining RM Combo, Mudroom, Kitchen
Windows:
Insulated Windows, Screens
Basement:
Full, Interior Entry, Concrete, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter, Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Hot Water, Natural Gas, Baseboard
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Thermostat
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch, Deck
Fencing:
Other Structures:
Shed(s)
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
9
Parking Features:
Paved Drive, Off Street, Paved
Special Features
View:
Yes
View Type:
City View(s), City
Community Amenities:
Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University
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
Elementary Schools
3 schools
C-
Belmont Street Community School
0.6 mi
|
#723 of 825
|
Score: 34.2
Dropped 114 spots from last year
-24 below state avg
605 students
Diverse
Diverse Student Body
Grades PK-06
F
City View School
0.6 mi
|
#809 of 825
|
Score: 26.0
Dropped 76 spots from last year
-32.2 below state avg
440 students
Diverse
Diverse Student Body
Grades PK-06
F
Worcester Cultural Academy Charter Public School
0.7 mi
|
#790 of 825
|
Score: 29.4
Improved 45 spots from last year
-28.8 below state avg
230 students
Diverse
Rising School
Diverse Student Body
Grades K-06
Middle Schools
2 schools
C-
Worcester East Middle School
1.0 mi
|
#302 of 352
|
Score: 31.5
Improved 51 spots from last year
-26.7 below state avg
781 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
The Nativity School of Worcester
1.1 mi
Grades 05-08
High Schools
3 schools
C-
North High School
0.7 mi
|
#299 of 346
|
Score: 38.8
Improved 28 spots from last year
-19.4 below state avg
1,377 students
Diverse
14 sports
• 498 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
C+
Worcester Technical High School
0.8 mi
|
#223 of 346
|
Score: 50.1
Improved 43 spots from last year
-8.1 below state avg
1,409 students
Diverse
19 sports
• 1,016 athletes
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
Worcester Academy
1.2 mi
Grades 06-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$820
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
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$0
Total interest paid
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
576 Franklin St, Worcester MA 01608
Worcester, MA 01608
Listing Information
Listing Agent
Claire Rainville
Listing Office
REMAX Executive Realty
Office Phone
508-839-9219
Agent MLS ID
K8000056
Office MLS ID
K01275
Listing Data Updated
Sep 9, 2026 12:18 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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