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22 Waverly St 32 Unit Apartment Building $14,000,000 ($437,500/Unit) Worcester, MA 01604
EXECUTIVE SUMMARY
Rare opportunity to own a fully renovated 32-unit apartment building in a prime location! This historic school building has been completely modernized with a new roof, all new utilities, and updated interiors throughout. Featuring 30 spacious 1-bedroom apartments and 2 stylish studios, each unit offers quartz countertops, new appliances, and modern finishes. Residents benefit from 19 storage areas, 3 parking lots, a ButterflyMX intercom system, and a full security system. Perfectly situated within walking distance to Polar Park, fine restaurants, and the vibrant nightlife scene, with quick access to major highways for commuting convenience. This property blends historic charm with modern living, making it a highly desirable choice for tenants seeking comfort, safety, and convenience in the heart of the city.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $14,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $437,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.71 AC |
| No. Units | 32 | Building Size | 27,024 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | RG-5 - Apartment | ||
| Price | $14,000,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 27,024 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Zoning | RG-5 - Apartment |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,489,300 (2025) | |
| Land Assessment | $493,300 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $996,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$493,300 (2025)
Improvements Assessment
$996,000 (2025)
Total Assessment
$1,489,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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22 Waverly St
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