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143-147 Vernon Street, Worc. 2 Multifamily Properties Offered at $2,275,000 in Worcester, MA
Investment Highlights
- Mixed-use 8-unit investment portfolio
- Three buildings on one 0.55-acre lot
- Updated kitchens and bathrooms in units
- Two 3-unit and one 2-family buildings
- Well maintained; same family ownership
- In-unit washers and dryers in many units
Executive Summary
Exceptional investment opportunity to acquire a well-maintained mixed-use 8-unit portfolio, proudly held by the same
family for two generations. The portfolio includes two three-unit buildings and one two-family, delivering a flexible and
desirable unit mix. The property features abundant off-street parking, two parking areas and a three-car garage.
Extensive care is evident throughout, with numerous updates to cosmetics, plumbing, electrical systems. Many units
have updated kitchens, bathrooms, forced hot air heating systems and are outfitted with in unit washer and dryer to
enhance tenant appeal. Rents are currently below market, presenting a compelling value-add opportunity with the ability
to increase annual income conservatively by $40,000. Ideally located near major highways, hospitals, and Union Station,
this asset offers strong fundamentals, excellent accessibility, and long-term upside.
family for two generations. The portfolio includes two three-unit buildings and one two-family, delivering a flexible and
desirable unit mix. The property features abundant off-street parking, two parking areas and a three-car garage.
Extensive care is evident throughout, with numerous updates to cosmetics, plumbing, electrical systems. Many units
have updated kitchens, bathrooms, forced hot air heating systems and are outfitted with in unit washer and dryer to
enhance tenant appeal. Rents are currently below market, presenting a compelling value-add opportunity with the ability
to increase annual income conservatively by $40,000. Ideally located near major highways, hospitals, and Union Station,
this asset offers strong fundamentals, excellent accessibility, and long-term upside.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $2,275,000 | Number of Properties | 2 |
| Price / SF | $185.11 / SF | Individually For Sale | 0 |
| Cap Rate | 5.98% | Total Building Size | 12,290 SF |
| Sale Type | Investment | Total Land Area | 0.56 AC |
| Status | Active |
| Price | $2,275,000 |
| Price / SF | $185.11 / SF |
| Cap Rate | 5.98% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 12,290 SF |
| Total Land Area | 0.56 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 147 Vernon St, Worcester, MA 01610 | Multifamily | 6,466 SF | 1910 | - |
| 143 Vernon St, Worcester, MA 01610 | Multifamily | 5,824 SF | 1910 | - |
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143-147 Vernon Street, Worc.