$652,000
●
Multifamily -
Off Market
74 Esther St
Worcester, MA 01607
11 Beds
3 Baths
3,866 Ft²
$651,090
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Cash Cow!!!!!! Solid Turnkey 3-Family home with great rents and
convenient to all area amenities. Close to Polar park Kelly Square.
3/4-bedroom spacious units with good amount of parking.
Washer/Dryers in all floors. All 3 Units have long term tenants who
pay on time. Lots of improvements done by, new landlord meter, New
water heaters, New Boiler. Lead compliance for all 3 units from
2010, foundation resealing, Complete clean up of the yard,1st and
second floor upgraded. Tenants pay their own electricity, heater.
Sold as-is, where-is. Note: Sellers have never occupied property.
Seller make any representations as to the accuracy of any
information contained herein. Buyer(s)/buyer agent must conduct
their own due diligence, verification(s)
Unit Size
3,866 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$168
Property Type
Multifamily
Property Taxes
$504
HOA Dues
-
Year Built
1900
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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 years ago (MLSPIN #73053238)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Common, Paved
Interior Details
Full Bathrooms: 3
Interior Features: Other (See Remarks)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator)
Rooms: 24
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Deck
Lead Paint: None
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: RG-5
Parcel Number: M:10 B:010 L:00022, 1771920
Water Source: Public
Financial Details
Tax Assessed Value: $397,800
Tax Annual Amount: $6,051
Utilities Details
Heating Type: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas), Unit 3(Hot Water Baseboard, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Park
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 |
|---|---|---|---|---|---|---|---|
|
10/28/2022
| |
11 Bed
|
3 Bath
|
3866 ft²
|
$650,000
11 Bed
3 Bath
3866 ft²
|
$652,000
+0.31%
06/30/2023
|
Dave White
OwnerEntry.com
|
|
04/16/2018
| |
11 Bed
|
3 Bath
|
3865 ft²
|
$299,900
11 Bed
3 Bath
3865 ft²
|
$283,000
-5.64%
05/01/2018
|
Juliana B. Danquah
Century 21 XSELL REALTY
|
|
11/03/2009
| |
11 Bed
|
3 Bath
|
3525 ft²
|
$105,000
11 Bed
3 Bath
3525 ft²
|
$105,000
12/07/2009
|
Benjamin Virga
|
Building Info
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