$270,000
●
Multifamily -
Off Market
18 Steele St
Worcester, MA 01607
6 Beds
3 Baths
2,142 Ft²
$418,494
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model
About This Property
Great opportunity for Owner occupied 3 family in nice shape. 2
bedrooms each unit, lots of updates 7 good established tenants in
two apartments. 2 car garage with second floor storage. Almost 2
acres, with gardens, flowers, fruit trees, blueberries, grape
arbor, & still lots of open space. Lots of updates to electric(3
yrs), plumbing(3 yrs), house roof(9 yrs), some ceilings & walls(3
yrs), porch repairs(3 yrs), 1 newer water heater. House painted(3
yrs) & garage roof(11 yrs). could be investment property with a few
updates. Net income based on rental of only 2 apartments.
Unit Size
2,142 Ft²
Days on Market
-
Land Size
1.95 acres
Price per sqft
$129
Property Type
Multifamily
Property Taxes
$317
HOA Dues
-
Year Built
1890
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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: 4 years ago (MLSPIN #72421998)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 22, 2019 | Sold | ||
| Sold | |||
| Nov 9, 2018 | Listed by Keller Williams Realty Greater Worcester | $277,200 | |
| Listed by Keller Williams Realty Greater Worcester | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Common, Driveway, Paved
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Other (See Remarks), Unit 1(Pantry, Storage, Bathroom With Tub & Shower), Unit 2(Pantry, Storage, Bathroom With Tub & Shower), Unit 3(Pantry, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Refrigerator), Unit 2(Range, Refrigerator), Unit 3(None), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Wood, Vinyl, Carpet, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors, Wood Flooring, Wall to Wall Carpet), Unit 3(Hardwood Floors, Wood Flooring)
Laundry Features: Washer Hookup
Rooms: 12
Basement: Full, Interior Entry, Unfinished
Exterior Details
Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 3 Family - 3 Units Up/Down
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: Unknown
Lot Features: Cleared, Level
Lot Size Area: 1.95
Lot Size Units: Acres
Lot Size Acres: 1.95
Zoning: RL-7
Parcel Number: M:29 B:27B L:00006, 1789219
Water Source: Public
Financial Details
Tax Map Number: 29
Tax Assessed Value: $201,200
Tax Annual Amount: $3,805
Utilities Details
Utilities: for Gas Range, for Gas Oven, Washer Hookup
Cooling Type: Unit 1(Window AC), Unit 2(Window AC)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Gas, Individual, Unit Control, Other (See Remarks)), Unit 3(Gas, Individual, Unit Control, Other (See Remarks))
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School
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 |
|---|---|---|---|---|---|---|---|
|
11/09/2018
| |
6 Bed
|
3 Bath
|
2142 ft²
|
$277,200
6 Bed
3 Bath
2142 ft²
|
$270,000
-2.60%
02/22/2019
|
Donald Malo
ERA Key Realty Services- Auburn
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017