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Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,550/month in rental income and a strong $106,100 NOI. Additional revenue comes from coin-op laundry and a heated basement storage/workshop. The property offers a desirable mix of three 2 bed/1 bath units and three 3 bed/1 bath units, plus a fully leased 4-car garage. All apartments are renovated with modern layouts that attract quality tenants. The building is sprinklered, fully insulated, separately metered with tenant-paid electric, and five units are deleaded. In a prime walk-to-campus location with consistent rental demand, this asset is ideal for portfolio buyers or 1031 investors seeking stable income, long-term appreciation, and minimal deferred maintenance. All apartments are leased through Summer 2027. Both garages rented for $700/month, and a basement storage unit can add $200/month when leased.

More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $136,200
  • Lot Features Level
  • Mls StatusUnder Agreement
  • Parcel Number M:08 B:001 L:00020,1769653

Tax Information

  • Tax Assessed Value $1,146,800
  • Tax Year 2025
  • Taxes$15,126

Parking

  • Covered Spaces 4
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Shared Driveway
  • Parking Spaces10

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms15
  • Full Bath6

Basic Information

  • List Price$1,300,000
  • MLS Number73469808
  • Modification Date05/17/2026
  • Property SubType5-9 Family
  • Purchase Contract Date04/13/2026

Location

  • Address78 Downing Street
  • Building Number78
  • CountyWorcester
  • StateMA
  • StreetDowning Street
  • TownWorcester
  • Zip01610

Building

  • Building Area Units Square Feet
  • FoundationIrregular
  • Garage Spaces4
  • Levels 5
  • Rooms28
  • Stories5
  • Units6
  • Year Built1920
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Property

  • Acreage0.22

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 5,861
  • Lot Size Square Feet 9,518
  • Lot Size Units Acres
  • Square Feet5,861

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningRG-5

Other

  • Date Listed01/19/2026
  • Farm Land Area Units Square Feet
  • View Count2

Map Location

Driving Directions

Listed by Brian Allen of Property Investors & Advisors,LLC

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