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INVESTMENT SNAPSHOT
About this property
Discover a rare investment opportunity in the heart of Main South Worcester with this expansive nine-bedroom, three-family property located just moments from Clark University, Elm Park, and convenient public transportation. The first and second floors boast high ceilings and substantial floor plans where bedrooms are thoughtfully spaced to maximize occupant privacy, while the third-floor attic unit surprises with its spacious, open atmosphere highlighted by skylights and a large kitchen. While all three units are currently generating rental income significantly below market rates, the property is primed for immediate value-add potential and optimized cash flow. Key recent updates include a renovated first-floor bathroom, a 2023 heating system for the second floor, and freshly repaired front steps, complementing a newer roof, siding, windows, and boiler. With separately metered utilities and minimal exterior maintenance requirements, this turnkey asset awaits its max potential!
Property details
| Units | 3 |
| Living area | 3,365 sqft |
| Lot size | 3,308 sqft |
| Year built | 1890 |
| Price / sqft | $183 |
| County | Worcester |
| MLS # | 73501875 |
Listing status
| Days on market | 40 days |
| Listed on | April 15, 2026 |
Taxes & financials
| Annual property tax | $7,247 |
| Tax year | 2026 |
| Assessed value | $545,700 |
| Zoning | 1050 |
| Gross income (actual) | $54,000/yr |
| Net operating income (actual) | $39,745/yr |
| Total actual rent | $4,500/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.08 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | Common |
| Basement | Full, Unfinished |
| Foundation | Stone |
Utilities & systems
| Heating | Natural Gas, Radiant |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator, Freezer |
Location
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Listing courtesy of eXp Realty LLC - Corporate Office — Montivista Real Estate Group. 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 45 May St, Worcester MA 01610 have?
It is a 3-unit multi-family property with 3,365 sqft of living area, built in 1890.
How long has 45 May St, Worcester MA 01610 been on the market?
45 May St, Worcester MA 01610 has been listed for 40 days (since April 15, 2026).
What is the estimated cap rate on this 3-family in Worcester?
Based on area median rents, the estimated cap rate is about 6.8%, with a Signal Score of 98/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $615,000 across 3 units, that works out to roughly $205,000 per unit.
What are the property taxes on 45 May St, Worcester MA 01610?
Annual property taxes are $7,247 (2026), on an assessed value of $545,700.
What is the price per square foot?
At $615,000 for 3,365 sqft, that's about $183 per square foot.
Where is this property located?
45 May St, Worcester MA 01610 is in Worcester, Worcester County, MA 01610.
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