$323,000
●
Multifamily -
Off Market
54 Esther
Worcester, MA 01607
4 Beds
2 Baths
1,584 Ft²
$1,884
Est. Monthly
About This Property
Investors and owner-occupants take note! Discover the potential of
this 2-family home featuring 2 bedrooms, 1 bath, a large living
room in each, and separate utilities. The second-floor unit has
been tastefully updated with new flooring and paint and is ready
for immediate occupancy - currently vacant. The first-floor unit is
rented at a rate significantly below market value, presenting an
opportunity for higher future income. Already conveniently set up
with washer and dryer hookups in both units. A brand new front
deck, and a spacious fenced-in backyard. Roof is newer, and both
hot water heaters have been replaced recently. Conveniently located
near major routes, and just steps away from Kelley Square, Polar
Park, Worcester Public Market, and the up-and-coming Canal
District, this property offers instant equity and growth potential.
NO private showings of first floor unit - only available at OH.
PLEASE DO NOT DISTURB TENANT!
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$208
Property Type
Multifamily
Property Taxes
$268
HOA Dues
-
Year Built
1890
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (MLSPIN #73299703)
Price History
Property Highlights
Parking Available
Parking Details
Has Open Parking
Parking Features: On Street
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Appliances: Range, Refrigerator
Flooring Type: Vinyl, Carpet, Wood, Stone/Ceramic Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup, Washer & Dryer Hookup
Rooms: 8
Basement: Full, Dirt Floor, Unfinished
Exterior Details
Square Footage: 1584
Year Built Source: Public Records
Year Built: 1890
Building Area Total: 1584
Levels: 2
Building Area Units: Square Feet
Construction Materials: Frame
Pool is Private
Lot Features: Level
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Lot Size Square Feet: 3371
Water Source: Public
Financial Details
Tax Assessed Value: $234,200
Tax Annual Amount: $3,220
Utilities Details
Cooling Type: None
Heating Type: Forced Air, Natural Gas, Space Heater, Unit Control
Sewer : Public Sewer
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 |
|---|---|---|---|---|---|---|---|
|
10/08/2024
| |
4 Bed
|
2 Bath
|
1584 ft²
|
$360,000
4 Bed
2 Bath
1584 ft²
|
$323,000
-10.28%
01/31/2025
|
Henry Rowe
Byrnes Real Estate Group LLC
|
|
11/24/1997
| |
4 Bed
|
-
|
1753 ft²
|
$42,900
4 Bed
-
1753 ft²
|
$32,500
-24.24%
02/02/1998
|
Frederick Bross
RE/MAX Advantage 1
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017