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$299,000
● Multifamily - Off Market

702 Franklin

Worcester, MA
bedrooms
9 Beds
bathrooms
3 Baths
square feet
3,020 Ft²
$530,711
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION - Investors take notice! Sought after Harrington Way neighborhood Updated 3 Family, walking distance to UMASS Med Center, Bio Tech Park, and Shrewsbury Street.  Large backyard and steps from park. New sidewalks.  3 bed/1 bath each unit. Lovingly maintained and updated by owner-occupants for last 60 years.  Call for a private showing!
Unit Size
3,020 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$99
Property Type
Multifamily
Property Taxes
$362
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71906272)

Price History

Date / Event Date Event Price
Dec 30, 2015 Sold
Premium
Sold
Sep 16, 2015 Listed by The Pros Real Estate Services $299,000
Listed by The Pros Real Estate Services

Property Highlights

Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Bathroom With Tub & Shower)
Appliances: Unit 1(Washer, Dryer), Unit 2(Range, Microwave), Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Carpet, Wood Laminate, Unit 1(undefined)
Rooms: 18
Basement: Full, Dirt Floor
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 3 Family - 3 Units Up/Down
Stories (Total): 6
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: Unknown
Lot Features: Level
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: 105
Parcel Number: 1779506
Water Source: Public
Financial Details
Tax Assessed Value: $216,300
Tax Annual Amount: $4,342
Utilities Details
Utilities: for Gas Range
Heating Type: Unit 1(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University, Sidewalks

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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 71906272
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