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3 Chelsea St 3 Chelsea St 7 Unit Apartment Building $950,000 ($135,714/Unit) 8.21% Cap Rate Worcester, MA 01610



Investment Highlights
- Access & Connectivity
- Nearby Higher Education
- Parking Revenue
- Area Amenities & Demand Drivers
- Upside Potential with Rent Growth
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 3 Chelsea Street in Worcester, MA (the “Property”). The two-story building contains two (2) 2-Bedroom/1-Bathroom units and five (5) Studio units with 3,652 square feet of gross living area in 7,847 square feet of gross area. The Property is situated upon a 0.21-acre parcel and features five garage bays and an additional garage space which are both fully leased to two long term tenants. 3 Chelsea Street is well-positioned in Worcester’s Green Island neighborhood, offering strong access to the city’s downtown core, neighborhood retail corridors, and surrounding residential communities. The property benefits from convenient connectivity to major regional routes including Interstate 290, the Massachusetts Turnpike (I-90), and Route 146, as well as proximity to Worcester Union Station, providing direct MBTA Commuter Rail service to Boston and access to regional bus transit.
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $135,714 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 7,847 SF |
| Cap Rate | 8.21% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RG-5 | ||
| Price | $950,000 |
| Price Per Unit | $135,714 |
| Sale Type | Investment |
| Cap Rate | 8.21% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,847 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | RG-5 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WORC-000007-000036-000024-000031 | Improvements Assessment | $360,400 |
| Land Assessment | $88,700 | Total Assessment | $449,100 |
Property Taxes
Parcel Number
WORC-000007-000036-000024-000031
Land Assessment
$88,700
Improvements Assessment
$360,400
Total Assessment
$449,100
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3 Chelsea St | 3 Chelsea St
