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INVESTMENT SNAPSHOT
About this property
ATTENTION INVESTORS! Fully occupied 3-family offering immediate rental income with value-add potential. Each unit features 6 rooms, 3 bedrooms, hardwood floors, and replacement windows. Lead certificates in place for all units. Major updates include newer roof, oil tanks (2025), and hot water tanks. A new furnace will be installed prior to closing. Current rents are below market due to long-term tenants-at-will, presenting an opportunity to increase cash flow over time. Property needs cosmetic updates and is ideal for investors seeking to build equity and maximize returns. Conveniently located near highways, public transportation, shopping, restaurants, and colleges. Strong rental demand area with excellent long-term investment potential. SELLER CREDIT AVAILABLE. Don't miss this opportunity to add a solid income-producing asset to your portfolio.
Property details
| Units | 3 |
| Living area | 2,746 sqft |
| Lot size | 5,341 sqft |
| Year built | 1900 |
| Price / sqft | $214 |
| County | Worcester |
| MLS # | 73503777 |
Listing status
| Days on market | 48 days |
| Listed on | April 18, 2026 |
Taxes & financials
| Annual property tax | $7,264 |
| Tax year | 2025 |
| Assessed value | $550,700 |
| Zoning | RG-5 |
| Gross income (actual) | $57,000/yr |
| Net operating income (actual) | $43,991/yr |
| Total actual rent | $4,750/mo |
| Insurance expense | $1,278/yr |
Building & lot
| Stories | 3 |
| Total rooms | 18 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full, Interior Entry, Unfinished |
| Foundation | Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Heating | Oil |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Dryer, Washer Hookup |
Location
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Listing courtesy of Property Investors & Advisors, LLC — Ana Roque. 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 29 Cambridge St, Worcester MA 01603 have?
It is a 3-unit multi-family property with 2,746 sqft of living area, built in 1900.
How long has 29 Cambridge St, Worcester MA 01603 been on the market?
29 Cambridge St, Worcester MA 01603 has been listed for 48 days (since April 18, 2026).
What is the estimated cap rate on this 3-family in Worcester?
Based on area median rents, the estimated cap rate is about 7.2%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $589,000 across 3 units, that works out to roughly $196,333 per unit.
What are the property taxes on 29 Cambridge St, Worcester MA 01603?
Annual property taxes are $7,264 (2025), on an assessed value of $550,700.
What is the price per square foot?
At $589,000 for 2,746 sqft, that's about $214 per square foot.
Where is this property located?
29 Cambridge St, Worcester MA 01603 is in Worcester, Worcester County, MA 01603.
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