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INVESTMENT SNAPSHOT
About this property
Well-maintained 4-family investment property with tenant-at-will agreements in place, giving the next owner flexibility to make future changes as needed. The property sits on a generous lot with potential for improved outdoor use or additional finish work, subject to buyer due diligence and applicable approvals. Unit 2 has a rent increase currently in process, which is expected to improve the overall rent roll. Features include hardwood flooring throughout and gas heating systems. Strong rental property with upside for an investor seeking stable income and future value-add potential.
Property details
| Units | 4 |
| Living area | 4,931 sqft |
| Lot size | 7,818 sqft |
| Year built | 1890 |
| Price / sqft | $174 |
| County | Worcester |
| MLS # | 73512572 |
Listing status
| Days on market | 30 days |
| Listed on | May 5, 2026 |
Taxes & financials
| Annual property tax | $9,371 |
| Tax year | 2025 |
| Assessed value | $710,500 |
| Zoning | RG-5 |
| Gross income (actual) | $80,100/yr |
| Net operating income (actual) | $80,100/yr |
| Total actual rent | $6,675/mo |
Building & lot
| Stories | 3 |
| Total rooms | 23 |
| Lot size | 0.18 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street |
| Basement | Partially Finished |
| Foundation | Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Realty Negotiations, LLC — Olivia Grabka. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 15 Russell St, Worcester MA 01609 have?
It is a 4-unit multi-family property with 4,931 sqft of living area, built in 1890.
How long has 15 Russell St, Worcester MA 01609 been on the market?
15 Russell St, Worcester MA 01609 has been listed for 30 days (since May 5, 2026).
What is the estimated cap rate on this 4-family in Worcester?
Based on area median rents, the estimated cap rate is about 6.5%, with a Signal Score of 96/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $859,999 across 4 units, that works out to roughly $215,000 per unit.
What are the property taxes on 15 Russell St, Worcester MA 01609?
Annual property taxes are $9,371 (2025), on an assessed value of $710,500.
What is the price per square foot?
At $859,999 for 4,931 sqft, that's about $174 per square foot.
Is there parking?
6 total parking spaces (paved drive, off street).
Where is this property located?
15 Russell St, Worcester MA 01609 is in Worcester, Worcester County, MA 01609.
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