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Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor's portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today's market.

More Info

Basic Information

  • Gross Income $183,000
  • Listing Terms Contract
  • Lot Features Corner Lot, Additional Land Avail., Gentle Sloping
  • Mls StatusActive
  • Parcel Number 1768060
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $1,168,000
  • Tax Year 2025
  • Taxes$16,560

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Shared Driveway, Off Street, Common, Paved
  • Parking Spaces17

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms17
  • Full Bath4

Basic Information

  • List Price$1,580,000
  • MLS Number73514871
  • Modification Date05/27/2026
  • Property SubType5+ Family - Rooming House

Location

  • Address5 Claremont Street
  • Building Number5
  • CountyWorcester
  • NeighborhoodSouth Worcester
  • StateMA
  • StreetClaremont Street
  • SubdivisionSouth Worcester
  • TownWorcester
  • Zip01610

Building

  • BasementFull, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter, Stone, Brick/Mortar
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms30
  • Stories3
  • Units17
  • Utilities For Gas Range, For Electric Dryer, Washer Hookup
  • Year Built1896
  • Year Built Details Actual, Certified Historic
  • Year Built Source Public Records

Property

  • Acreage0.68

Interior

  • Flooring Hardwood

Utilities

  • Electric 220 Volts, Circuit Breakers, Common
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 10,450
  • Lot Size Square Feet 29,768
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet10,450

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • University
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • ZoningRG-5

Other

  • Date Listed05/07/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by DelRose McShane Team of Coldwell Banker Realty - Belmont

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