Motivated seller! Three-family with a huge parking lot in the city's most actively developed area. Property is stabilized and currently makes $4600 in rents per month. All units are below market value and the total rent could be $5300. There is additional income from the newly setup coin-op laundry. Pro forma financial statement available upon request. Sits in a very lively neighborhood, short walk to the Polar Park and the Canal District with bars, restaurants and the Worcester Public Market. Off street parking for up to 10 cars. All 3 units have some updates done in the past 2 years. 3 furnaces installed in 2016. Lead certificates for all units. Landlord meter. Unit 3 is TAW. Potential for future expansion with a large walk-up attic. Great opportunity to own a piece of real estate in the city's most thriving and transforming area. Suitable for owner occupants or investors.
Sold for $460,000 on 07/10/23
$460,000
27 Lafayette St, Worcester, MA 01608
8beds
2,697sqft
3 Family - 3 Units Up/Down
Built in 1890
-- sqft lot
$607,200 Zestimate®
$171/sqft
$2,322 Estimated rent
Home value
$607,200
$565,000 - $650,000
$2,322/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 10, 2023 at 10:42pm
Listed by:
Jason Saphire 877-249-5478,
www.HomeZu.com 877-249-5478
Bought with:
Nichole Hunter
Chinatti Realty Group, Inc.
Source: MLS PIN,MLS#: 73106181
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Features
- Basement: Dirt Floor
- Has fireplace: No
Interior area
- Total structure area: 2,697
- Total interior livable area: 2,697 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 10
Lot
- Size: 4,393 sqft
Details
- Parcel number: 1765979
- Zoning: BG-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1890
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Green energy
- Energy efficient items: Other (See Remarks)
Community & neighborhood
Location
- Region: Worcester
HOA & financial
Other financial information
- Total actual rent: 4600
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2023 | Sold | $460,000-16.3%$171/sqft |
Source: MLS PIN #73106181 | ||
| 5/24/2023 | Price change | $549,900-3.5%$204/sqft |
Source: MLS PIN #73106181 | ||
| 5/15/2023 | Price change | $569,900-1.7%$211/sqft |
Source: MLS PIN #73106181 | ||
| 5/3/2023 | Listed for sale | $579,900+173.5%$215/sqft |
Source: MLS PIN #73106181 | ||
| 5/16/2016 | Sold | $212,000+92.7%$79/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,052 -8.9% | $458,800 -5% |
| 2024 | $6,641 +8.9% | $483,000 +13.6% |
| 2023 | $6,099 +10.7% | $425,300 +17.4% |
Find assessor info on the county website
Neighborhood: 01608
Nearby schools
GreatSchools rating
- 5/10Jacob Hiatt Magnet SchoolGrades: PK-6Distance: 0.6 mi
- 3/10Worcester East Middle SchoolGrades: 7-8Distance: 0.9 mi
- 4/10University Pk Campus SchoolGrades: 7-12Distance: 1.3 mi
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Estimated market value
$607,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$607,200