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INVESTMENT OPPORTUNITY | OWNER-OCCUPANT POTENTIAL! Discover the value and income potential of 145 Eastern Ave, Worcester. This multi-family property offers an excellent opportunity for investors or owner-occupants looking to build equity and maximize rental income. The property features three floors. The 1st-floor unit is currently vacant but was previously rented for $2,350/month, while the 2nd floor currently rents for $1,750/month and the 3rd floor rents for $1,900/month. The occupied units are currently rented below market, providing potential for increased rental income over time. Current Gross Rental Income: $3,650/month. Previous 1st-Floor Rent: $2,350/month2025 Property Taxes: $7,025The vacant first floor provides flexibility for an owner-occupant to live in the property while collecting rental income from the other two units, or for an investor to lease the unit and increase overall cash flow. Based on the previous first-floor rent, leasing the vacant unit at $2,350/month would bring the gross rental income to approximately $6,000/month, or $72,000 annually, before considering any future rent increases. The property also offers potential for a fourth unit, creating an additional value-add opportunity, subject to buyer due diligence, zoning, permitting, and applicable city requirements. Additional features include off-street parking, basement/utility areas, and a convenient Worcester location. Whether you're looking to house hack, expand your rental portfolio, or take on a value-add multi-family investment, 145 Eastern Ave offers multiple strategies for creating long-term value. Buyers and buyers' agents are encouraged to conduct their own due diligence regarding rents, expenses, zoning, permits, unit count, and potential fourth-unit conversion.
More Info
Basic Information
- Gross Income $72,000
- Lot Features Gentle Sloping
- Mls StatusActive
- Parcel Number 1777911
- Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)
Tax Information
- Tax Assessed Value $618,500
- Tax Year 2025
- Taxes$7,025
Parking
- Parking Features Off Street
- Parking Spaces4
Rooms
- Bathroom3
- Bathrooms Total Decimal 3
- Bedrooms7
- Full Bath3
Basic Information
- List Price$695,900
- MLS Number73481325
- Modification Date08/10/2026
- Property SubType3 Family
Location
- Address145 Eastern Avenue
- Building Number145
- CountyWorcester
- StateMA
- StreetEastern Avenue
- TownWorcester
- Zip01605
Building
- BasementPartially Finished
- Building Area Units Square Feet
- FoundationBrick/Mortar
- Levels 6
- Rooms13
- Stories6
- Units3
- Utilities For Gas Range
- Year Built1878
- Year Built Details Actual
- Year Built Source Public Records
Property
- Acreage0.09
Interior
- Interior Features Walk-In Closet(s), Mudroom
Exterior
- RoofShingle
Utilities
- Heat SystemYes
- Heating Natural Gas, Electric
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 3,446
- Lot Size Square Feet 4,080
- Lot Size Units Acres
- Square Feet3,446
Amenities
- Appliances IncludedMicrowave, ENERGY STAR Qualified Refrigerator, Rangetop - ENERGY STAR
- Other AmenitiesBasement
Legal
- ZoningRG-5
Other
- Date Listed03/02/2026
- Farm Land Area Units Square Feet
- View Count5
Map Location
Listed by Patricia Yawson of Century 21 XSELL REALTY
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