HomeWorcesterMulti Family29 Passway Five, Worcester MA 01602
29 Passway Five, Worcester MA 01602 — photo 1 of 401 / 40
$625,000
29 Passway Five, Worcester MA 01602
2 units · 7 bd · 2 ba · 2,506 sqft · $312,500/unit
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INVESTMENT SNAPSHOT

Signal Score79 / 100
Est. Cap Rate4.5%
GRM14.5
Gross Scheduled Income$43,193/yr
Estimates from area median rents — directional, not an appraisal.

About this property

Unlock the possibilities with this spacious two-family home in Worcester! Whether you're looking to offset your mortgage with rental income, accommodate extended family, or grow your real estate portfolio, this property offers the flexibility today's buyers are searching for.One of its standout features is the rare off-street parking for up to six vehicles, providing exceptional convenience for homeowners, tenants, and guests alike.The sun-filled upper unit offers four generously sized bedrooms, a full bath, and a bonus office space—perfect for remote work, a playroom, or additional living space. The lower unit features a private entrance, three bedrooms, and a full bath, making it an excellent option for rental income, multi-generational living, or guest accommodations.Ideally situated near major highways, public transportation, shopping, restaurants, and everyday amenities, this commuter-friendly property combines comfort, convenience, and strong income-producing potential.

Property details

Units2
Living area2,506 sqft
Lot size10,000 sqft
Year built1954
Price / sqft$249
CountyWorcester
MLS #73527133

Listing status

Days on market4 days
Listed onMay 30, 2026

Taxes & financials

Annual property tax$4,495
Tax year2025
Assessed value$368,900
ZoningRL-7
Gross income (actual)$60,000/yr
Net operating income (actual)$60,000/yr
Total actual rent$5,000/mo

Building & lot

Stories2
Total rooms11
Lot size0.23 acres
Garage spaces0
Parking spaces2
ParkingPaved Drive, Off Street
BasementFull, Finished
FoundationStone
RoofShingle

Utilities & systems

SewerPublic Sewer
WaterPublic

Location

More about investing in Worcester

Listing courtesy of The Neighborhood Realty Group — Yaquelin Richard. 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 Passway Five, Worcester MA 01602 have?

It is a 2-unit multi-family property with 2,506 sqft of living area, built in 1954.

How long has 29 Passway Five, Worcester MA 01602 been on the market?

29 Passway Five, Worcester MA 01602 has been listed for 4 days (since May 30, 2026).

What is the estimated cap rate on this 2-family in Worcester?

Based on area median rents, the estimated cap rate is about 4.5%, with a Signal Score of 79/100. These are directional estimates, not an appraisal.

What is the price per unit?

At a list price of $625,000 across 2 units, that works out to roughly $312,500 per unit.

What are the property taxes on 29 Passway Five, Worcester MA 01602?

Annual property taxes are $4,495 (2025), on an assessed value of $368,900.

What is the price per square foot?

At $625,000 for 2,506 sqft, that's about $249 per square foot.

Is there parking?

2 total parking spaces (paved drive, off street).

Where is this property located?

29 Passway Five, Worcester MA 01602 is in Worcester, Worcester County, MA 01602.

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