Active
16 Days on market
120 Southgate St Worcester — Photo 1 of 42

120 Southgate St Worcester — Photo 1 of 42

$999,900

Investment Analysis — 120 Southgate St

Worcester, MA 01603

Based on rent reported on the MLS listing, a 6-unit multi-family in 01603 carries $11,000/mo in gross rent — about a 9.51% cap rate and $95,127/yr in estimated NOI at the $999,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

17

Baths

6

SqFt

5,535

Style

5-9 Family

Built

1910

Great investment opportunity at 120 Southgate St in Worcester! This well-maintained six-family property has been remodeled throughout and is in excellent overall condition. The property currently generates over $11,000 per month in rental income, providing a strong and established income stream for the next owner.Most of the units are occupied by long-term tenants, offering excellent tenant stability and consistent rental history. The apartments have been updated and well cared for, and the property has been maintained in a way that allows a new owner to step in without taking on a major renovation project.With six units, strong existing rents, long-term tenants, and a building that is in great shape, this is an excellent opportunity for an investor looking for a solid Worcester multifamily property. There is also potential for future rental growth as leases turn over and market rents continue to increase.A great addition to an existing portfolio or an excellent opportunity for an investor looking for a larger multifamily property with substantial monthly income. Come see 120 Southgate St and appreciate the condition, income, and overall quality this property has to offer.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$999,900
Annual Taxes$5,193

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms35
FireplacesNone
FlooringWood
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Stone
ZoningRG-5

Property & Lot

Acres0.13
SqFt Lot5,535
Lot Features--

Geography

Listing Provided By

Listing Agent: Michael Duran

Listing Office: Limitless Real Estate Group, LLC

MLS® Number: 73569397