8 Pelham St, Worcester MA 01609
Worcester, MA 01609 • Downtown
$950,000
$910,000
Est. $5,452/month
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About this home
Well-maintained three-story multifamily property offering an excellent opportunity for both investors and owner-occupants seeking stable rental income and cash flow in the thriving Worcester market. The property features functional layouts, comfortable living spaces, and strong rental appeal. Additional highlights include off-street parking via rear driveway and basement space providing convenient storage and access to mechanical systems. Ideally located near downtown Worcester, major highways, public transportation, hospitals, universities, restaurants, and shopping, this property benefits from strong tenant demand. Worcester’s expanding job market and ongoing development continue to support stable rental income and long-term appreciation potential.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
4.2%
Price Range
Property Timeline
Price Reduced
Jun 11, 2026
$910,000
$40,000
(-4.21%)
From $950,000 to $910,000 (-4.2%)
Showing Instructions Updated
May 7, 2026
New showing requirements
Listed for Sale
Mar 19, 2026
$950,000
Original listing
Agent: Miguel Hernandez
Office: Property Investors & Advisors, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/11/2026 | ↓ Price Reduced | $910,000 | $40,000 | - | From $950,000 to $910,000 (-4.2%) |
| 05/07/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 03/19/2026 | 🏠 Listed for Sale | $950,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,805 | $591,700 |
Financial Details
Annual Property Tax
$7,805
Tax Year 2025
Assessed Value
$591,700
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1890
Living Area
4,467 sq ft
Lot Size
0.12 acres
Bedrooms
9
Full Baths
4
Total Rooms
18
Investment Metrics
Units
3
Unit 1 Rent
$2,000/mo · N
Unit 2 Rent
$3,300/mo · N
Unit 3 Rent
$2,000/mo · N
Total Monthly Rent
$7,300/mo
Gross Income
$87,600
Net Operating Income
$87,600
Cap Rate
9.63%
Interior
Heating
Steam, Natural Gas
Cooling
None
Flooring
Vinyl
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Partially Finished
Laundry
None
Features
Living Room, Dining Room, Kitchen, Family Room
Exterior
Construction
Brick
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
5
Utilities
Electric
110 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,805
Assessed Value
$591,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
All Units Tenant At Will (taw). All Measurements Are Approximate, Buyer Agent To Verify. Sale As Is.
Additional Details
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)
88 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
9
Full Bathrooms
4
Living Area
4,467 sq ft
Total Rooms
18
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,467 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:
Vinyl
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Dining Room, Kitchen, Family Room
Windows:
Basement:
Full, Partially Finished
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Brick
Roof:
Shingle
Foundation:
Brick/Mortar
Stories:
6
Heating, Cooling & Utilities
Heating:
Steam, Natural Gas
Heating Zones:
3
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
5
Parking Features:
Paved Drive, Off Street
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
F
Chandler Elementary Community School
0.4 mi
|
#805 of 824
|
Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students
Diverse
Grades K-06
D
Elm Park Community School
0.4 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
C-
Woodland Academy
0.5 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
Middle Schools
2 schools
The Nativity School of Worcester
1.1 mi
Grades 05-08
C+
Forest Grove Middle School
1.5 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
High Schools
3 schools
B-
Doherty Memorial High School
0.4 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
B+
Claremont Academy
0.8 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
A+
Massachusetts Academy of Math and Science at WPI
1.1 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
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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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
$650
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
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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
Downtown
8 Pelham St, Worcester MA 01609
Worcester, MA 01609
Listing Information
Listing Agent
Miguel Hernandez
Listing Office
Property Investors & Advisors, LLC
Office Phone
774-413-0272
Agent MLS ID
CN229151
Office MLS ID
AN6259
Listing Data Updated
Jun 15, 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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