78 Downing St, Worcester, MA 01610
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78 Downing St, Worcester, MA 01610
78 Downing St, Worcester, MA 01610
78 Downing St, Worcester, MA 01610
78 Downing St, Worcester, MA 01610
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John J. Dean Jr.

John J. Dean Jr.

Engel & Völkers Americas

+1(617) 553-1926
$ 1,300,000
Est. payment /mo
Save
Pending

78 Downing St Worcester, MA 01610

15 Beds

6 Baths

5,861 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,861 sqft

Price per Sqft $221

MLS Listing ID 73469808

Bedrooms 15

Full Baths 6

Year Built 1920

Annual Tax Amount $15,126

Tax Year 2025

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type 5-9 Family

Property Description

Superb opportunity to acquire a stabilized 6-family directly across from Clark University, generating $11,550/month in rental income and a strong $106,100 NOI. Additional revenue comes from coin-op laundry and a heated basement storage/workshop. The property offers a desirable mix of three 2 bed/1 bath units and three 3 bed/1 bath units, plus a fully leased 4-car garage. All apartments are renovated with modern layouts that attract quality tenants. The building is sprinklered, fully insulated, separately metered with tenant-paid electric, and five units are deleaded. In a prime walk-to-campus location with consistent rental demand, this asset is ideal for portfolio buyers or 1031 investors seeking stable income, long-term appreciation, and minimal deferred maintenance. All apartments are leased through Summer 2027. Both garages rented for $700/month, and a basement storage unit can add $200/month when leased.

Location

State MA

County Worcester

Zoning RG-5

Direction off Park Ave, By Clark University

Exterior

Garage Spaces 4.0

Total Parking Spaces 14

Garage Yes

Building

Lot Description Level

Story 5

Foundation Irregular

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Property Investors & Advisors, LLC

NEARBY SCHOOLS & PROPERTIES

John J. Dean Jr.

John J. Dean Jr.

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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78 Downing St

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