Investment Analysis — 31 North St

Worcester, MA 01605

Based on rent reported on the MLS listing, a 3-unit multi-family in 01605 carries $5,550/mo in gross rent — about a 7.52% cap rate and $43,636/yr in estimated NOI at the $580,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

2,244

Style

3 Family

Built

1910

Here is your opportunity to purchase a de-leaded 3 family with units redone in 2022, new kitchens baths and appliances. Mini splits on each floor for heat/AC. Vacant Third floor so you can move right in. Located in Worcester’s desirable Poet Hill neighborhood. Just 0.2 miles from Trolley Yard, minutes to downtown, and under 10 minutes to 8 colleges and 4 major hospitals. Turnkey appeal for both local and out-of-town investors. Ideal location in one of Worcester’s hottest rental markets. Easy to show.

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 MLS and other third-party data may be inaccurate or out of date.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.

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