1. Massachusetts
  2. Worcester
  3. 345 Park Ave
$1,200,000

345 Park Ave, Worcester, MA 01610

  • 10 beds |
  • 6 baths |
  • 3,296 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $364/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

This well-located 6-unit property at 345 Park Avenue features a mix of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, totaling 3,296 sq ft of living space. Four of the six units have been extensively renovated with granite countertops, new bathrooms, updated flooring, and modern finishes. All units are separately metered for gas heat, hot water, and electricity, with tenants paying their own utilities. The property includes six off-street parking spaces. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,330 monthly. Ideally positioned on the edge of the Piedmont neighborhood, it’s just a block from the intersection of Park Avenue and Chandler Street and a short walk to Clark University, with WPI located just a mile away. With continued rent growth potential and strong rental demand driven by over 36,000 local students, 345 Park Avenue offers a compelling investment opportunity.

Listing Status:
Active
Date Added:
July 28, 2025 at 05:00AM
Listing Office:
Horvath & Tremblay : 781-776-4000
Listing Agent:
Ethan Lazar : 617-910-1219
MLS ID:
73410330
  • Fireplace: Fireplaces: 0

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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Location

Schools Nearby

W

Woodland Academy

93 Woodland St, Worcester, MA, 01610

Grades KG-6

0.46 miles away

C

Claremont Academy

15 Claremont St, Worcester, MA, 01610

Grades 7-12

0.45 miles away

C

Claremont Academy

15 Claremont St, Worcester, MA, 01610

Grades 7-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.