42
Map
$599,900
●
Multifamily -
In Contract
15 Steele St
Worcester, MA 01607
5 Beds
3 Baths
2,207 Ft²
$3,463
Est. Monthly
6.85%
Cap Rate
About This Property
Multi unit property in North Quinsigamond Village. Great investment
or owner-occupied opportunity. Fully rented @just below market
rents. Vinyl siding, replacement windows, 2007 roof, NEW gas FHA
heating systems (2021-2024-2024). Newer, owned gas hot water tanks
(2020-2026-2017). Separate utilities & cable/internet ready. Holy
Cross mins away. Easy access to MassPike & rt 290. UNIT 1 has lead
cert, enclosed front porch, living room w/ bay windows, spacious
eat in kitchen w/ charming built in cabinet/drawers & exterior
access, main bed w/ picture windows, cozy 2nd bed, full bath & rear
deck & storage. UNIT 2 has entry foyer, living room w/ picture
windows, roomy eat in kitchen w/ charming built in cabinet/drawers
& exterior access, pantry w/ sink, dishwasher & cabinets, main bed
w/ bay windows, cozy 2nd bed, full bath & rear deck & storage. UNIT
3 has living room w/ picture windows, eat in kitchen & pantry w/
base cabinets & exterior access. Main bed & full bath. Rear
storage. Big yard.
Unit Size
2,207 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$272
Property Type
Multifamily
Property Taxes
$517
HOA Dues
-
Year Built
1890
Listed By
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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: 17 days ago (MLSPIN #73519612)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Price Decreased |
$599,900
↓ $20K
(3.2%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by Keller Williams Boston MetroWest | $619,900 | |
| Listed by Keller Williams Boston MetroWest | |||
| Jul 12, 2007 | Sold | ||
| Sold | |||
| Aug 2, 2006 | Sold | ||
| Sold | |||
Property Highlights
Garage
Parking Available
Parking Details
Has Open Parking
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Storage, High Speed Internet, Pantry, Lead Certification Available, Upgraded Cabinets, Bathroom With Tub & Shower, Remodeled, Internet Available - Unknown, Living Room, Kitchen, Sunroom
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Wood, Vinyl
Rooms: 11
Basement: Full, Interior Entry, Sump Pump, Concrete, Unfinished, Bulkhead
Exterior Details
Square Footage: 2207
Year Built Source: Public Records
Year Built: 1890
Building Area Total: 2207
Levels: 3
Building Area Units: Square Feet
Patio and Porch Features: Porch, Enclosed
Lot Features: Corner Lot, Cleared, Level
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Lot Size Square Feet: 6312
Water Source: Public
Financial Details
Tax Assessed Value: $470,500
Tax Annual Amount: $6,206
Utilities Details
Cooling Type: None
Heating Type: Central, Forced Air, Natural Gas
Sewer : Public Sewer
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 |
|---|---|---|---|---|---|---|---|
|
04/25/2018
| |
4 Bed
|
1 Bath
|
1404 ft²
|
$224,900
4 Bed
1 Bath
1404 ft²
|
$242,500
+7.83%
06/15/2018
|
Jackie Cohen
Berkshire Hathaway HomeServices Commonwealth Real Estate
|
|
06/07/2007
| |
5 Bed
|
3 Bath
|
1927 ft²
|
$189,900
5 Bed
3 Bath
1927 ft²
|
$175,000
-7.85%
07/12/2007
|
Jason Bibeau
Keller Williams Boston Metrowest
|
|
03/10/2000
| |
5 Bed
|
-
|
-
|
$129,900
5 Bed
-
|
$125,900
-3.08%
09/05/2000
|
Dianne Petrie
Keller Williams Realty
|
Building Info
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