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.
For sale
$1,200,000
345 Park Ave, Worcester, MA 01610
10beds
3,296sqft
Est.:
5-9 Family
Built in 1890
-- sqft lot
$1,197,500 Zestimate®
$364/sqft
$-- HOA
What's special
Modern finishesNew bathroomsGranite countertopsOff-street parking spacesUpdated flooring
- 11 days
- on Zillow |
- 422 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 12:11am
Listed by:
Ethan Lazar,
Horvath & Tremblay
Source: MLS PIN,MLS#: 73410330
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,296
- Total interior livable area: 3,296 sqft
- Finished area above ground: 3,296
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Lot
- Size: 4,825 Square Feet
Details
- Parcel number: M:06 B:012 L:00002,1767195
- Zoning: BG-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Worcester
Financial & listing details
- Price per square foot: $364/sqft
- Tax assessed value: $1,022,600
- Annual tax amount: $13,488
- Date on market: 7/28/2025
- Total actual rent: 10330
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