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This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-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 also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. The property also features a new roof. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 8.21% cap rate at $135,714 per unit, this property represents a strong investment opportunity in the growing Worcester market.

More Info

Basic Information

  • Gross Income $117,000
  • Mls StatusPrice Changed
  • Parcel Number M:07 B:036 L:24+31,1769405

Tax Information

  • Tax Assessed Value $710,600
  • Tax Year 2026
  • Taxes$9,771

Parking

  • Covered Spaces 5
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces10

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 7
  • Bedrooms9
  • Full Bath7

Basic Information

  • List Price$950,000
  • MLS Number73516009
  • Modification Date06/02/2026
  • Property SubType5-9 Family

Location

  • Address3 Chelsea Street
  • Building Number3
  • CountyWorcester
  • StateMA
  • StreetChelsea Street
  • TownWorcester
  • Zip01610

Building

  • Building Area Units Square Feet
  • FoundationStone
  • Garage Spaces5
  • Levels 5
  • Rooms21
  • Stories5
  • Units7
  • Year Built1887
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.21

Utilities

  • Electric Expense 1549
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,652
  • Lot Size Square Feet 8,976
  • Lot Size Units Acres
  • Square Feet3,652

Legal

  • ZoningRG-5

Other

  • Date Listed05/11/2026
  • Farm Land Area Units Square Feet

Map Location

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Listed by Ethan Lazar of Horvath & Tremblay

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