$369,000
●
Multifamily -
Off Market
2 Louise St
Worcester, MA 01607
6 Beds
3 Baths
4,254 Ft²
$541,048
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
Classic Worcester 3-Decker! Owner-occupied for 20+ years, this
jumbo property is nicely updated & well maintained. Numerous
improvements including newer circuit breakers, water heaters,
gutters, porches, replacement windows, and new garage doors.
SPACIOUS units feature large rooms, hardwood floors, eat-in
kitchens with gas cooking stoves, ample closet space,
laundry/mudrooms with washer/dryer hookups, private
porches/balconies. Third bedroom potential in each unit by
converting living rooms. Newer parlor heaters in Units 2 & 3; new
kitchen appliances in Unit 1. Fenced corner lot; two-car garage;
walk-up attic; basement storage; aluminum siding in great
condition. Natural gas heat; all utilities separately metered;
separate landlord electric panel for common areas. Terrific
commuter location near Routes 290 & 146 and Holy Cross College. A
great choice for owner-occupant or investor looking to add quality
property to portfolio. SHOWINGS BEGIN at Open House 7/14.
Unit Size
4,254 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$87
Property Type
Multifamily
Property Taxes
$361
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 #72532182)
Price History
Property Highlights
Parking Details
Has Garage
Parking Features: Other
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Storage, Unit 1(Ceiling Fans, Pantry, Storage, Walk-In Closet, Bathroom With Tub & Shower), Unit 2(Pantry, Storage, Bathroom With Tub & Shower), Unit 3(Pantry, Storage, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Vinyl, Varies Per Unit, Hardwood, Unit 1(undefined)
Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 3 Laundry Room, Unit 1(Washer Hookup, Dryer Hookup)
Rooms: 15
Basement: Full, Interior Entry
Exterior Details
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
Patio and Porch Features: Porch
Lead Paint: Certified Treated, Unknown
Lot Features: Corner Lot
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Zoning: RG-5
Parcel Number: M:10 B:011 L:00047, 1771975
Water Source: Public
Financial Details
Tax Assessed Value: $228,900
Tax Annual Amount: $4,328
Utilities Details
Utilities: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(Window AC), Unit 2(None), Unit 3(None)
Heating Type: Unit 1(Steam, Gas, Unit Control), Unit 2(Gas, Individual, Other (See Remarks)), Unit 3(Gas, Other (See Remarks))
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, 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 |
|---|---|---|---|---|---|---|---|
|
07/10/2019
| |
6 Bed
|
3 Bath
|
4254 ft²
|
$369,000
6 Bed
3 Bath
4254 ft²
|
$369,000
08/30/2019
|
Lisa Hugo
Coldwell Banker Realty - Worcester
|
|
04/08/1994
| |
6 Bed
|
3 Bath
|
-
|
$79,900
6 Bed
3 Bath
|
$66,000
-17.40%
08/31/1995
|
Richard Ovian
BA Property & Lifestyle Advisors
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017