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Worcester 01610 College Hill
116 Malvern Road
$825,000
● Multifamily - Off Market

116 Malvern Road

Worcester, MA 01610
bedrooms
8 Beds
bathrooms
5 Baths
square feet
3,155 Ft²
$845,239
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Opportunity knocks! This beautifully updated and maintained 3-family home offers 8 bedrooms and 5 full baths!! Each unit offers a dine-in kitchen with gorgeous quartz countertops and cabinets, recessed lighting, a living room and full bath with laundry and bluetooth speakers. Unit 1 features 2 bedrooms with ample closet space and 3 mini splits. Units 2 and 3 provide a primary suite with a full bath and 2 additional bedrooms with ample closet space along with another full bath. PLENTY of off-street parking and a commuter's delight! All new plumbing, electrical, HVAC furnaces, ductless units, condensers, insulation, roof, and sprinkler system. Nothing to do but start making some equity!
Unit Size
3,155 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$269
Property Type
Multifamily
Property Taxes
$433
HOA Dues
-
Year Built
1880

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Cap Rate Calculator

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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 months ago (MLSPIN #73133323)

Price History

Date / Event Date Event Price
Aug 28, 2023 Sold
Premium
Sold
Jul 7, 2023 Listed by Lamacchia Realty, Inc. $850,000
Listed by Lamacchia Realty, Inc.
Oct 23, 2020 Sold
Premium
Sold
Feb 13, 2020 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 3
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 840
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,960
  • Total Building Area: 2,984
  • Gross Building Area: 4,552
  • Building Area: 2,984
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,984
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND MILLVILLE
  • Land Acres: 0000000206
  • Standard Land Use Code: 1102
  • County Land Use Code: 105

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732901

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 26-022-00003
  • Parcel: WORC M:26 B:022 L:00003
  • Block: 22
  • Lot: 3
  • Municipality: WORCESTER
  • Latitude: 42.2313
  • Longitude: -71.8147

    Address

  • Full Address: 116 Malvern Rd
  • Address - House Number: 116
  • Address - Street Name: Malvern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Worcester
  • Carrier Code: C010
  • 4-Digit Zip Code: 2238
  • Zip Code: 01610

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $519,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2458
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 65
  • Final Value: 646,363
  • High Value: 805,298
  • Low Value: 487,428

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $362,500
  • Assessed Land Value: $85,400
  • Assessed Improvements Value: $277,100

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Aug 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71147
  • Previous Sale Recording Date: Oct 23, 2020
  • Previous Sale Contract Date: Oct 20, 2020
  • Previous Sale Amount: $202,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About College Hill

Stats & Trends

Median Asking:

$459,900

Sale Price/ft²

$268

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1547 ft²

Average Home Age

99.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73133323

Frequently Asked Questions

When was property at 116 Malvern Road built and last sold?
The property at 116 Malvern Road was built in 1880 and last sold on Aug 28, 2023 for $825,000.
How much is this home worth?
The estimated value of the home located at 116 Malvern Road is $850,689.
What are some comparable homes to 116 Malvern Road?
There are currently no comparable homes to 116 Malvern Road.
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