576 Franklin St, Worcester MA 01608

Worcester, MA 01608
$949,900
$939,900
Est. $5,772/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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9
Beds
3
Baths
3,402
Sq Ft
$276
Price/Sq Ft
0.25
Acres
1910
Year Built
9
Parking
118
Days on Market
For Sale Price Drop -$10,000 Listed Jun 12, 2026 • MLS# 73535467 Copied! • Updated Oct 9, 2026

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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 recently 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

1
Price Changes
1.1%
Price Range

Property Timeline

👁️
Showing Instructions Updated
Oct 9, 2026
New showing requirements
↓
Price Reduced
Sep 19, 2026
$939,900 $10,000 (-1.05%)
From $949,900 to $939,900 (-1.1%)
👁️
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

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 $2,500/mo · N
Unit 2 Rent $2,500/mo · N
Unit 3 Rent $2,500/mo · N
Total Monthly Rent $7,500/mo
Gross Income $90,000
Net Operating Income $81,674
Operating Expenses $8,430
Water/Sewer Expense $2,000
Electric Expense $600
Insurance Expense $3,926
Cap Rate 8.69%
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
Construction Frame
Architecture None
Roof Shingle
Features Garden
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck
Features Paved Drive, Off Street, Paved
Total Spaces 9
Electric Circuit Breakers, Individually Metered
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
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Lead Paint Unknown
Seller Disclosures 1st And 2nd Floor Apartments Have Been Rented For $2500 A Month. 3rd Floor Is Still Unoccupied.
Possession None
Accepted Financing None
Structure Type []
House Color Green
Sq Ft Source Public Record
Documents None
County Worcester
Total market time (incl. prior listings) 119 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

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: Garden
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 information not available for this location.

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
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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 $820
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

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 Oct 9, 2026 8:08 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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