$1,000,000

3 Chelsea St, Worcester, MA 01610

  • 9 beds |
  • 7 baths |
  • 3,652 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1887
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon 5 car garage
  • Property Price Per Square Feet Icon $274/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

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. 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 7.8% cap rate at $142,857 per unit, this property represents a strong investment opportunity in the growing Worcester market.

Listing Status:
Active
Date Added:
May 11, 2026
Data Last Updated:
May 21, 2026 at 3:09PM
Listing Office:
Horvath & Tremblay : 781-776-4000
Listing Agent:
Ethan Lazar : 617-910-1219
MLS ID:
73516009
  • Fireplace: Fireplaces: 0
  • Parking: Paved DriveOff StreetParking spaces: 10
  • General: 5Stone
  • Road/Access: Public
  • Originating MLS: MLS Property Information Network
  • County: Worcester
  • Zoning: RG-5M:07 B:036 L:24+311769405
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Ethan Lazar , Horvath & Tremblay

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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