$355,700
●
Multifamily -
Off Market
216 Providence St
Worcester, MA 01607
4 Beds
2 Baths
2,160 Ft²
$472,994
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Don't miss this opportunity! Multi-family in prime Worcester
location for less than 400K! Directly across from Vernon Hill
Elementary School, this home offers two living levels with separate
entrances, electric meters, and many quality updates throughout.
Both units have open floor plans with a bonus room off the flexible
living/dining area. Upgraded finishes including hardwood floors and
granite countertops. In-unit laundry! The newer roof (2016), vinyl
siding, plus a flat and level yard, make this property the perfect
investment!. Water heater systems (2016), GAS furnace (2016), and
updated plumbing (2016). Detached 2-car garage and ample street
parking. Less than 1/2 miles to Vernon Hill Playground, Dog Park,
and the Public Swimming Pool. Close to 290, 146, and Mass Pike.
Public transportation/bus stops nearby. Tenants in place.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$162
Property Type
Multifamily
Property Taxes
$445
HOA Dues
-
Year Built
1924
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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 years ago (MLSPIN #72693483)
Price History
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo, Mudroom, Office/Den), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo, Mudroom, Office/Den)
Appliances: Unit 1(Range, Dishwasher, Disposal, Refrigerator, Dryer, Vent Hood), Unit 2(Range, Disposal, Compactor, Refrigerator, Washer, Dryer)
Flooring Type: Hardwood
Rooms: 10
Basement: Full, Bulkhead
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: Certified Treated
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Zoning: RG-5
Parcel Number: 1771868
Water Source: Public
Financial Details
Tax Assessed Value: $296,600
Tax Annual Amount: $5,339
Utilities Details
Heating Type: Unit 1(Gas), Unit 2(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, 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 |
|---|---|---|---|---|---|---|---|
|
10/02/2025
| |
4 Bed
|
2 Bath
|
2160 ft²
|
$549,999
4 Bed
2 Bath
2160 ft²
|
$552,000
+0.36%
11/14/2025
|
The Home Group
Coldwell Banker Realty - Lynnfield
|
|
07/17/2020
| |
4 Bed
|
2 Bath
|
2160 ft²
|
$349,900
4 Bed
2 Bath
2160 ft²
|
$355,700
+1.66%
09/18/2020
|
Albert Carroll
WEICHERT, REALTORS® - Briarwood Real Estate
|
|
01/12/2018
| |
4 Bed
|
2 Bath
|
2160 ft²
|
$299,900
4 Bed
2 Bath
2160 ft²
|
$290,000
-3.30%
03/20/2018
|
Yudi Ramirez
Keller Williams Realty Greater Worcester
|
|
04/07/2015
| |
4 Bed
|
2 Bath
|
2160 ft²
|
$119,900
4 Bed
2 Bath
2160 ft²
|
$115,000
-4.09%
05/29/2015
|
Dorothy Stone
ERA Key Realty Services - Worcester
|
|
08/04/2006
| |
4 Bed
|
2 Bath
|
2001 ft²
|
$259,900
4 Bed
2 Bath
2001 ft²
|
$263,000
+1.19%
09/29/2006
|
Mary Dooley - McMahon
RE/MAX Vision
|
Building Info
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