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Worcester 01609 Institute Park
18 Crown St
Photo of 18 Crown St

23

Map

Photo of 18 Crown St
Photo of 18 Crown St
$175,000
● Land - In Contract

18 Crown St

Worcester, MA 01609
bedrooms
Studio
bathrooms
0 Bath
$985
Est. Monthly

About This Property

Approved land for four 3-bedroom, 2.5-bath attached townhouses at 18 Crown Street in Worcester, each unit approximately 1,500 sq ft with a first-floor garage. Entitlement work is done: the Historical Committee has approved the plans, and the Planning Board has endorsed an ARP for the site (approved, recording to occur prior to closing). The 11,219.95 sq ft lot includes 8 parking spaces. Comparable finished townhouses in the area are trading around $525,000 per unit, putting the projected gross exit north of $2,000,000 against a $175,000 land basis - a shovel-ready opportunity for a builder or investor looking to skip the entitlement process.
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$125
HOA Dues
-
Year Built
1905

Listed By

Candor Realty Group
Four Points Real Estate, LLC

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 9 days ago (MLSPIN #73556282)

Price History

Date / Event Date Event Price
Sep 21, 2026 In contract -
In contract
Jul 29, 2026 Listed by eXp Realty LLC $175,000
Listed by eXp Realty LLC
Sep 9, 2005 Sold
Premium
Sold
Jul 8, 2004 Listed $499,900
Listed
Historic George Rice home,7 well maintained units on Crown Street. Building features original mantels and woodwork,some updates,offstreet parking,long term tenants,and potential buildable lot!!!

Property Highlights

Parking Available
Exterior Details
Building Area Units: Square Feet
Lot Features: Other
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Lot Size Square Feet: 11219.95
Water Source: Public
Financial Details
Tax Annual Amount: $1,500
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 20
  • Bedroom Count: 0
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 7
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,248
  • Total Building Area: 5,100
  • Gross Building Area: 10,769
  • Building Area: 5,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 5,100
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000557
  • Standard Land Use Code: 1112
  • County Land Use Code: 111

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730802

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 3-024-00020
  • Parcel: WORC M:03 B:024 L:00020
  • Block: 24
  • Lot: 20
  • Municipality: WORCESTER
  • Latitude: 42.2623
  • Longitude: -71.809

    Address

  • Full Address: 18 Crown St
  • Address - House Number: 18
  • Address - Street Name: Crown
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $917,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2359
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 52
  • Final Value: 721,799
  • High Value: 892,114
  • Low Value: 551,483

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $639,800
  • Assessed Land Value: $59,100
  • Assessed Improvements Value: $580,700

    Sales

  • Current Sale Recording Date: Sep 09, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00151276
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 Institute Park

Stats & Trends

Median Asking:

$461,250

Sale Price/ft²

$234

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2403 ft²

Average Home Age

106.3 years

Currently For Sale

12 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
Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 9 days ago
Data Source: MLS PIN, MLS# 73556282

Frequently Asked Questions

When was property at 18 Crown Street built and last sold?
The property at 18 Crown Street was built in 1905 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 18 Crown Street is $176,750.
What are some comparable homes to 18 Crown Street?
There are currently no comparable homes to 18 Crown Street.
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