$485,000
●
Multifamily -
Off Market
11 Mars St.
Worcester, MA 01607
6 Beds
3 Baths
3,510 Ft²
$583,593
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Great opportunity to own this three family home in an excellent
location in Worcester. Well maintained and updated. Occupy while
collecting rent, or keep fully rented. One unit may be delivered
vacant. Access to all area highways- 290, 146, MassPike, perfect
for commuters. Minutes to downtown, updated public parks, new
restaurants and renown Worcester colleges. Right in the midst of
the Polar Park revitalization area with quick transportation to
Shoppes at Blackstone Valley. All showings are subject to the
state's COVID-19 orders, recommendations, guidance, and all CDC and
local health mandates and/or guidance regarding listing showings.
First floor vacant for owner or can be rented.
Unit Size
3,510 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$137
Property Type
Multifamily
Property Taxes
$473
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72769684)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2021 | Sold | ||
| Sold | |||
| Dec 29, 2020 | Listed by RE/MAX American Dream | $479,900 | |
| Listed by RE/MAX American Dream | |||
Property Highlights
Air Conditioning
Parking Available
Parking Details
Parking Features: On Street
Interior Details
Full Bathrooms: 3
Appliances: Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Wood
Rooms: 12
Basement: Full, Unfinished
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family - 3 Units Up/Down
Stories (Total): 6
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Features: Cleared
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Zoning: unk
Parcel Number: 1771934
Water Source: Public
Financial Details
Tax Assessed Value: $333,800
Tax Annual Amount: $5,675
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: Window Unit(s)
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, University
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/29/2020
| |
6 Bed
|
3 Bath
|
3510 ft²
|
$479,900
6 Bed
3 Bath
3510 ft²
|
$485,000
+1.06%
04/01/2021
|
Darcilane Oliveira
RE/MAX American Dream
|
|
02/22/2000
| |
6 Bed
|
-
|
3400 ft²
|
$95,900
6 Bed
-
3400 ft²
|
$96,900
+1.04%
03/30/2000
|
Nancy McCue
Sullivan Real Estate Group
|
Building Info
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