Investment Analysis — 12 Richmond Ave

Worcester, MA 01602

Based on rent reported on the MLS listing, a 3-unit multi-family in 01602 carries $6,350/mo in gross rent — about a 5.68% cap rate and $50,581/yr in estimated NOI at the $889,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,953

Style

3 Family

Built

1890

WEST SIDE THREE-FAMILY ideally located approximately one mile from WPI, Worcester State University, and Assumption University. All three units have been remodeled and updated. The first-floor unit features a modern kitchen with stainless steel appliances, spacious living and dining areas, and gleaming hardwood floors. The second-floor unit offers a similar layout with access to additional living space and a walk-up attic, providing added flexibility. The lower-level unit offers three rooms, including one bedroom, and has also been remodeled. The property also features a 6-car garage with potential for additional rental income. Conveniently located less than a minute's walk to a coffee shop, markets, and neighborhood amenities.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.