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INVESTMENT SNAPSHOT
About this property
Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include newer vinyl siding, newer vinyl replacement windows, and a newer rubber roof. Interiors feature fresh paint, recently refinished hardwood floors, and updated hardware. Two parking spots (tandem) behind property can provide additional rental income. Ideal for investors seeking a hassle-free, income-producing asset in a vibrant area with strong rental demand from students and professionals.
Property details
| Units | 6 |
| Living area | 5,802 sqft |
| Lot size | 3,813 sqft |
| Year built | 1920 |
| Price / sqft | $190 |
| County | Worcester |
| MLS # | 73489300 |
Listing status
| Days on market | 78 days |
| Listed on | March 19, 2026 |
Taxes & financials
| Annual property tax | $14,839 |
| Tax year | 2026 |
| Assessed value | $1,125,000 |
| Zoning | BG-2 |
| Gross income (actual) | $128,400/yr |
| Net operating income (actual) | $128,400/yr |
| Total actual rent | $10,800/mo |
Building & lot
| Stories | 5 |
| Total rooms | 24 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Off Street |
| Basement | Unfinished |
| Foundation | Stone |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Worcester →
Listing courtesy of Longwood Residential, LLC — Michael Tinsley. 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 1038 Main Street, Worcester MA 01603 have?
It is a 6-unit multi-family property with 5,802 sqft of living area, built in 1920.
How long has 1038 Main Street, Worcester MA 01603 been on the market?
1038 Main Street, Worcester MA 01603 has been listed for 78 days (since March 19, 2026).
What is the estimated cap rate on this 6-family in Worcester?
Based on area median rents, the estimated cap rate is about 7.7%, 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 $1,100,000 across 6 units, that works out to roughly $183,333 per unit.
What are the property taxes on 1038 Main Street, Worcester MA 01603?
Annual property taxes are $14,839 (2026), on an assessed value of $1,125,000.
What is the price per square foot?
At $1,100,000 for 5,802 sqft, that's about $190 per square foot.
Is there parking?
2 total parking spaces (off street).
Where is this property located?
1038 Main Street, Worcester MA 01603 is in Worcester, Worcester County, MA 01603.
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