This multi-family investment property offers a solid rental income potential with a prime location. With a total of 9 bedrooms and 4 bathrooms, this property has a spacious layout offering great flexibility. Investment Highlights: Strong rental demand in Worcester due to its proximity to local universities, healthcare institutions, and a growing downtown area. Recent updates and maintenance in common areas and individual units, ensuring lower immediate expenses for the new owner (see attached). Potential for significant cash flow with rent increases as property values in the area continue to rise. Well-maintained exterior and solid infrastructure.
Sold for $700,000 on 12/09/24
$700,000
13 Gilman St, Worcester, MA 01605
9beds
3,284sqft
3 Family - 3 Units Up/Down
Built in 1923
-- sqft lot
$724,600 Zestimate®
$213/sqft
$2,442 Estimated rent
Home value
$724,600
$659,000 - $797,000
$2,442/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 09, 2024 at 11:51am
Listed by:
DelRose McShane Team 617-848-0000,
Coldwell Banker Realty - Belmont 617-484-5300,
Jenna DiSalvio 617-272-6126
Bought with:
MG Group
Century 21 North East
Source: MLS PIN,MLS#: 73303190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Laundry: Washer & Dryer Hookup
Features
- Living Room, Kitchen, Laundry Room, Dining Room
- Flooring: Tile, Hardwood
- Basement: Full,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,284
- Total interior livable area: 3,284 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Paved
- Garage spaces: 2
- Uncovered spaces: 2
Features
- Patio & porch: Porch
Lot
- Size: 6,000 sqft
- Features: Level
Details
- Parcel number: 1770945
- Zoning: RL-7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Block, Stone
- Roof: Shingle
Condition
- Year built: 1923
Utilities & green energy
- Electric: Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Oven, Varies per Unit
Community & neighborhood
Security
- Security features: Security System
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, University
Location
- Region: Worcester
HOA & financial
Other financial information
- Total actual rent: 5840
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2024 | Sold | $700,000+2.3%$213/sqft |
Source: MLS PIN #73303190 | ||
| 10/24/2024 | Contingent | $684,000$208/sqft |
Source: MLS PIN #73303190 | ||
| 10/16/2024 | Listed for sale | $684,000+137.6%$208/sqft |
Source: MLS PIN #73303190 | ||
| 10/7/2016 | Sold | $287,899-0.6%$88/sqft |
Source: EXIT Realty solds #630003899770945462 | ||
| 8/15/2016 | Pending sale | $289,499$88/sqft |
Source: Exit Realty Partners #71952249 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,935 +2.7% | $677,400 +7% |
| 2024 | $8,704 +7.6% | $633,000 +12.2% |
| 2023 | $8,091 +10.4% | $564,200 +17.1% |
Find assessor info on the county website
Neighborhood: 01605
Nearby schools
GreatSchools rating
- 4/10Wawecus Road SchoolGrades: K-6Distance: 0.5 mi
- 3/10Burncoat Middle SchoolGrades: 7-8Distance: 0.9 mi
- 2/10Burncoat Senior High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$724,600
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
$724,600