
121 Illinois St Worcester — Photo 1 of 25
$699,900
Investment Analysis — 121 Illinois St
Worcester, MA 01603
Based on rent reported on the MLS listing, a 3-unit multi-family in 01603 carries $4,410/mo in gross rent — about a 4.41% cap rate and $30,855/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,912
Style
3 Family
Built
1917
Exceptional opportunity, this impressive fully occupied multi-family, blends classic charm and functional design. Well maintained and recent updates including 2 heat systems, interior hallway/porch painting, porch windows, plumbing improvements, bathroom upgrades in all three units, porch windows, exterior stairs. This property is fully lead certified and is equipped with a hard-wired Fire Alarm System. There are nine well-proportioned bedrooms, ample closets, classic front-to-back living room space that could double as a home office or maybe 4th bedroom. Spacious full bathrooms all with tub/shower combo. The property also includes a dedicated laundry room in unit. A three-car detached garage provides additional income. The generous 9731 square foot corner lot offers a potential expansion option. Explore the possibilities and envision your future income potential with this versatile Worcester property. Conveniently located near major routes, Union Station, hospitals, and walking distance to Clark University.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Medical Facility • Laundromat • Bike Path • Highway Access
Geography
Listing Agent: Kelly A. Nelson
Listing Office: Blue Sky Realty
MLS® Number: 73571134