14
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$695,900
Est. payment /mo
7 Beds
3 Baths
3,446 SqFt
Active
145 Eastern Ave Worcester, MA 01605
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Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,446 sqft
Price per Sqft $201
MLS Listing ID 73481325
Bedrooms 7
Full Baths 3
Year Built 1878
Annual Tax Amount $7,025
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 3 Family
Property Description
INVESTMENT OPPORTUNITY | OWNER-OCCUPANT POTENTIAL! Discover the value and income potential of 145 Eastern Ave, Worcester. This multi-family property offers an excellent opportunity for investors or owner-occupants looking to build equity and maximize rental income. The property features three floors. The 1st-floor unit is currently vacant but was previously rented for $2,350/month, while the 2nd floor currently rents for $1,750/month and the 3rd floor rents for $1,900/month. The occupied units are currently rented below market, providing potential for increased rental income over time. Current Gross Rental Income: $3,650/month. Previous 1st-Floor Rent: $2,350/month2025 Property Taxes: $7,025The vacant first floor provides flexibility for an owner-occupant to live in the property while collecting rental income from the other two units, or for an investor to lease the unit and increase overall cash flow. Based on the previous first-floor rent, leasing the vacant unit at $2,350/month would bring the gross rental income to approximately $6,000/month, or $72,000 annually, before considering any future rent increases. The property also offers potential for a fourth unit, creating an additional value-add opportunity, subject to buyer due diligence, zoning, permitting, and applicable city requirements. Additional features include off-street parking, basement/utility areas, and a convenient Worcester location. Whether you're looking to house hack, expand your rental portfolio, or take on a value-add multi-family investment, 145 Eastern Ave offers multiple strategies for creating long-term value. Buyers and buyers' agents are encouraged to conduct their own due diligence regarding rents, expenses, zoning, permits, unit count, and potential fourth-unit conversion.
Location
State MA
County Worcester
Zoning RG-5
Direction Off Belmont St
Rooms
Basement Partially Finished
Interior
Interior Features Walk-In Closet(s), Mudroom
Heating Natural Gas, Electric
Appliance Microwave, ENERGY STAR Qualified Refrigerator, Rangetop - ENERGY STAR
Exterior
Utilities Available for Gas Range
Roof Type Shingle
Total Parking Spaces 4
Garage No
Building
Lot Description Gentle Sloping
Story 6
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Century 21 XSELL REALTY
NEARBY SCHOOL & BUSINESS
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