
215 Millbury St Worcester — Photo 1 of 24
$749,000
Investment Analysis — 215 Millbury St
Worcester, MA 01610
Based on rent reported on the MLS listing, a 3-unit multi-family in 01610 carries $3,500/mo in gross rent — about a 3.39% cap rate and $25,412/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,276
Style
3 Family - 3 Units Up/Down
Built
1890
Exceptional 3-family opportunity in the heart of Worcester near Kelley Sqare and within walking distance of Polar Park! Ideal for investors or owner-occupants, this well-positioned property offers three spacious 3-bedroom, 1-bath units with soaring ceilings and generous room sizes. Updated kitchens and baths, along with updated flooring throughout the units; carpeting remains in the third-floor bedrooms. Units 1 & 2 are tenants-at-will, providing existing rental income; Unit 3 is owner-occupied., which offers flexibility for future owner occupancy or additional rental income. Tenants pay their own heat, hot water, gas and electric, helping limit owner-paid utility expenses. Third-party Rentometer data indicates a median rent of approximately $2,200/month for comparable 3BR/1BA rentals within a 2-mile radius, highlighting potential rental upside. Additional features include 6+ paved off-street parking spaces, updated pavement, and storage areas in the back of each unit. Convenient to restaurants, shopping, public transportation, schools, medical facilities, downtown Worcester and major routes. Zoning is Business General (BG-3), providing another long-term potential (buyers and buyer agents to independently verify). A compelling opportunity to acquire a Worcester 3-family with existing income, separate meters, rental upside and long-term investment potential. Showings at first OH on 9/12 & 9/13, 11:30 AM–1:30 PM. Offers due 9/15 at 5 PM.
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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Listing Agent: Le Doan
Listing Office: eXp Realty LLC
MLS® Number: 73575067
