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This centrally located value-add 6-unit property at 38 Benefit in Worcester, Massachusetts, consists of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 5,216 sq. ft. of living space on a 0.11-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property benefits from brand new high efficiency Navien hot water heaters. Three of the six units have been recently renovated featuring new kitchens, updated bathrooms, and new flooring. There is an opportunity to dramatically increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units as all units are currently TAW. Listed at a 7.95% cap rate, this property represents a strong investment opportunity in the growing Worcester market.

More Info

Basic Information

  • Gross Income $78,600
  • Lot Features Corner Lot
  • Mls StatusUnder Agreement
  • Parcel Number M:06 B:031 L:00010,1767893

Tax Information

  • Tax Assessed Value $503,800
  • Tax Year 2026
  • Taxes$6,690

Parking

  • Parking Features Off Street
  • Parking Spaces4

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms8
  • Full Bath6

Basic Information

  • List Price$825,000
  • MLS Number73501042
  • Modification Date04/23/2026
  • Property SubType5-9 Family
  • Purchase Contract Date04/23/2026

Location

  • Address38 Benefit Street
  • Building Number38
  • CountyWorcester
  • StateMA
  • StreetBenefit Street
  • TownWorcester
  • Zip01610

Building

  • Building Area Units Square Feet
  • FoundationStone
  • Levels 5
  • Rooms20
  • Stories5
  • Units6
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.11

Utilities

  • Electric Expense 660
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 5,216
  • Lot Size Square Feet 4,920
  • Lot Size Units Acres
  • Square Feet5,216

Legal

  • ZoningRG-5

Other

  • Date Listed04/14/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Ethan Lazar of Horvath & Tremblay

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