$290,000
●
Multifamily -
Off Market
216 Providence St
Worcester, MA 01607
4 Beds
2 Baths
2,160 Ft²
$464,410
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model
About This Property
**Beautiful Investment Property** This 2 family home is in
excellent move in condition. Total of 10 Rooms, 4 Beds and 2 Baths.
All units are in great condition Updated kitchen with granite
countertops and stainless steel appliances, Updated Plumbing in the
past two years, Boilers & Water Heaters for both units are only 2
years old. Newer roof approximately 2 years old, Each unit has a
separate electric meter including owner's meter, Two car garage.
New hardwood floors in both units. Nice backyard space, Close to
public transportation with easy access to Route 146, 290 & Mass
Pike. This property is fully rented, as an owner occupant the other
unit can help pay the mortgage. **GROUP SHOWING SATURDAY 1/20/2018
FROM 2PM TO 3:30PM.**
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$139
Property Type
Multifamily
Property Taxes
$255
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 #72270193)
Price History
Property Highlights
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower), Unit 2(Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Sunroom), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Sunroom)
Appliances: Unit 1(Range, Dishwasher, Refrigerator, Vent Hood), Unit 2(Range, Dishwasher, Refrigerator, Vent Hood), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Wood, Tile, Unit 1(undefined), Unit 2(Wood Flooring, Stone/Ceramic Tile Floor)
Rooms: 12
Basement: Full, Interior Entry
Exterior Details
Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: Yes
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:009 L:00002, 1771868
Water Source: Public
Financial Details
Tax Assessed Value: $159,200
Tax Annual Amount: $3,060
Utilities Details
Utilities: for Gas Range, for Gas Dryer
Heating Type: Unit 1(Gas), Unit 2(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Walk/Jog Trails, Bike Path, Highway Access, 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 |
|---|---|---|---|---|---|---|---|
|
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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