$400,000
●
Multifamily -
Off Market
470 Massasoit Rd
Worcester, MA 01604
4 Beds
3 Baths
1,848 Ft²
$442,614
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Updated two family in sought after east side area* The first floor
includes: spacious eat-in kitchen with lots of counter space*
Dishwasher* Range & refrigerator remain* Oversized living room with
fireplace; three bedrooms and two full baths* Second level
one bedroom with great living room, kitchen, dining room and one
bedroom* Both units have laundry hook-ups* Garage* Shed* parking
for 4 cars* 2 minute walk to broadmeadow brook conservation area* 2
miles to Mass Pike*
Unit Size
1,848 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$211
Property Type
Multifamily
Property Taxes
$361
HOA Dues
-
Year Built
1943
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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 #72873947)
Price History
Property Highlights
Parking Available
Fireplace
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Paved
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Unit 1(High Speed Internet Hookup, Bathroom With Tub & Shower, Internet Available - Broadband), Unit 2(Ceiling Fans, Internet Available - Broadband), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Refrigerator, Washer, Dryer), Gas Water Heater, Electric Water Heater, Water Heater(Varies Per Unit), Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Wood, Vinyl, Carpet, Varies Per Unit, Unit 1(undefined), Unit 2(Hardwood Floors)
Laundry Features: Washer Hookup, Unit 1 Laundry Room
Rooms: 9
Has Fireplace
Fireplace Features: Unit 1(Fireplace - Wood burning)
Fireplaces: 1
Basement: Full, Walk-Out Access, Concrete, Unfinished
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Corner Lot, Level
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Acres: 0.18
Zoning: RS-7
Parcel Number: M:45 B:030 L:00010, 1801549
Water Source: Public
Financial Details
Tax Assessed Value: $265,800
Tax Annual Amount: $4,327
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping
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 |
|---|---|---|---|---|---|---|---|
|
07/30/2021
| |
4 Bed
|
3 Bath
|
1848 ft²
|
$389,900
4 Bed
3 Bath
1848 ft²
|
$400,000
+2.59%
09/27/2021
|
Ebenezer Pappoe
Weichert REALTORS®, Hope & Associates
|
|
06/30/2003
| |
5 Bed
|
3 Bath
|
2000 ft²
|
$309,900
5 Bed
3 Bath
2000 ft²
|
$285,000
-8.03%
09/30/2003
|
Elaine Vezina
Vezina Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017