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Worcester 01603 Webster Square
72 Florence St
$730,000
● Multifamily - Off Market

72 Florence St

Worcester, MA 01603
bedrooms
6 Beds
bathrooms
2 Baths
square feet
2,102 Ft²
$3,896
Est. Monthly

About This Property

Extremely RARE FIND!! Over The top Luxury 2-Family DIRECTLY Across from Clark University! Gutted to the Studs, FULLY Renovated w/ a 2-Car Garage & Central AC for Both Floors! Newer Roof, Windows, Brand New Gas Forced Hot Air Heating Systems, Central AC, Plumbing & 200amp Electrical Service! Paved Driveway, New Porches, New Walkways, & Nice Back Yard! 3 Bedrooms & 1 Bathroom on Each Floor w/ Hardwood Flooring, Eat-in Kitchen Fully Equipped w/ Stainless Steel Appliances, Dishwasher, Built-in Microwaves, Granite Counter-tops, High End Luxury Tiled Bathrooms, Recess Lighting, large Bedrooms & Great Closet Space w/ Laundry Hookups in Each unit! Rent out each floor for $3600 per month each or rent by the room for $1200 each! Steps to Clark University! Open House this Saturday 11/23 from 12-1:30pm!
Unit Size
2,102 Ft²
Days on Market
-
Land Size
-
Price per sqft
$347
Property Type
Multifamily
Property Taxes
$316
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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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: 4 months ago (MLSPIN #73313926)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Nov 19, 2024 Listed by The DiRoberto Group Inc. $729,000
Listed by The DiRoberto Group Inc.
Aug 16, 2023 Sold
Premium
Sold
May 3, 1996 Sold
Premium
Sold
Apr 17, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 961
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,560
  • Total Building Area: 1,702
  • Gross Building Area: 3,143
  • Building Area: 1,702
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,702
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731203

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 8-009-00014
  • Parcel: WORC M:08 B:009 L:00014
  • Block: 9
  • Lot: 14
  • Municipality: WORCESTER
  • Latitude: 42.2511
  • Longitude: -71.8263

    Address

  • Full Address: 72 Florence St
  • Address - House Number: 72
  • Address - Street Name: Florence
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C004
  • 4-Digit Zip Code: 2706
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $363,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2075
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 71
  • Final Value: 351,878
  • High Value: 424,913
  • Low Value: 278,843

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,800
  • Assessed Land Value: $81,800
  • Assessed Improvements Value: $172,000

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 67404
  • Previous Sale Recording Date: May 03, 1996
  • Previous Sale Amount: $101,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Webster Square

Stats & Trends

Median Asking:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2345 ft²

Average Home Age

93.4 years

Currently For Sale

25 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73313926

Frequently Asked Questions

When was property at 72 Florence Street built and last sold?
The property at 72 Florence Street was built in 1900 and last sold on Aug 11, 2023 for $267,000.
How much is this home worth?
The estimated value of the home located at 72 Florence Street is $721,461.
What are some comparable homes to 72 Florence Street?
There are currently no comparable homes to 72 Florence Street.
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