See Home Value
$590,000
● Multifamily - Off Market

5 Massasoit Rd

Worcester, MA 01604
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,112 Ft²
$3,868
Est. Monthly
6.33%
Cap Rate

About This Property

**BACK ON MARKET; previous buyer unable to secure financing giving you a second chance at this great property!** Entrepreneurs and investors, this one's for you! This mixed-use building in the heart of Worcester is a dynamic blend of commercial and residential space. A newly vacant commercial unit is a blank canvas; transform the space to suit your specific needs. Formerly utilized for food service so can be easily revamped for the same or redesigned into countless possibilities for a new venture. Bring your business plans to fruition while having the added bonus of  an additional $3,575 revenue from the residential units above. Well-maintained, spacious 2 bedroom units have in-unit laundry and separate utilities. Location is second to none within close proximity to highway access, Polar Park, and colleges. Now is the time to seize this opportunity and make your mark!
Unit Size
4,112 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$146
Property Type
Multifamily
Property Taxes
$922
HOA Dues
-
Year Built
1920

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Last updated: 2 years ago (MLSPIN #73266036)

Price History

Date / Event Date Event Price
Feb 19, 2025 Sold
Sold
Dec 24, 2024 In contract -
In contract
Nov 15, 2024 Relisted $599,900
Relisted
Sep 9, 2024 In contract -
In contract
Sep 4, 2024 Relisted $599,900
Relisted
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Property Highlights

Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Office/Den, Living Room, Dining Room, Kitchen
Appliances: Range, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Vinyl, Varies, Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup
Rooms: 12
Basement: Full, Interior Entry, Unfinished
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 3 Family - 3 Units Up/Down
Levels: 6
Stories (Total): 6
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Corner Lot, Cleared, Level
Lot Size Area: 0.09
Lot Size Units: Acres
Lot Size Acres: 0.09
Zoning: BL-1
Parcel Number: M:34 B:001 L:00021, 1792230
Water Source: Public
Financial Details
Tax Assessed Value: $465,600
Tax Annual Amount: $11,058
Utilities Details
Utilities: for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air, Window Unit(s)
Heating Type: Forced Air, Electric, Natural Gas, Baseboard
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20240717
07/17/2024
4 Bed
3 Bath
4112 ft²
$599,900
bedrooms
4 Bed
bathrooms
3 Bath
square feet
4112 ft²
$590,000 -1.65%
02/19/2025
Thu T. Nguyen
Karmichael Realty
20200729
07/29/2020
4 Bed
3 Bath
4550 ft²
$499,999
bedrooms
4 Bed
bathrooms
3 Bath
square feet
4550 ft²
$499,999
08/26/2022
Michael Hoefling
Redwood Tree Realty
20171011
10/11/2017
4 Bed
2 Bath
4550 ft²
$419,000
bedrooms
4 Bed
bathrooms
2 Bath
square feet
4550 ft²
$400,000 -4.53%
01/19/2018
Joseph Abramoff
Real Living Barbera Associates | Worcester

Building Info

5 Massasoit Road 5 Massasoit Road, Worcester, MA 01604
More about this Building
5 Massasoit Road
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