Active
11 Days on market
16 Reservoir St Worcester — Photo 1 of 4

16 Reservoir St Worcester — Photo 1 of 4

$699,865

Investment Analysis — 16 Reservoir St

Worcester, MA 01605 — Belmont Hill

Based on rent reported on the MLS listing, a 3-unit multi-family in 01605 carries $5,000/mo in gross rent — about a 5.43% cap rate and $37,984/yr in estimated NOI at the $699,865 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

9

Baths

3

SqFt

4,125

Style

3 Family

Built

1890

Long-time property owner has decided to retire. Good time to purchase, Presenting a distinguished multi-family residence in the Belmont St Hill area. This expansive 4125 sq ft property stands as an inviting and income ready, offering a unique blend of historic charm and contemporary living. Can enjoy living in the city with all the city perks. Close distance to hospital services, bus routes, schools and commuter access. The property encompasses nine well-proportioned bedrooms, providing ample private accommodations across its three stories. Complementing these are one full bathroom per unit, designed to facilitate convenience and comfort for all residents. Beyond the interior, the property features a private yard, offering an exclusive outdoor space for relaxation or recreation. Property has recently had some updates. Permits was applied and currently being closed out by the licensed contractor. This exceptional property represents a significant opportunity for those seeking a substantial and versatile living arrangement. Like more income? Property may be eligible to add another unit with the ADU process to have 4th unit. Like more information. Feel free to message.

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 MLS and other third-party data may be inaccurate or out of date.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$699,865
Annual Taxes$7,616

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms18
FireplacesNone
FlooringCarpet
BasementFull, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBrick/Mortar
ZoningRG-5

Property & Lot

Acres0.1
SqFt Lot4,339
Lot FeaturesSloped

Neighborhood

Public Transportation • Medical Facility • Highway Access • House of Worship • Public School • T-Station

Geography

Listing Provided By

Listing Agent: Ray Lopolito

Listing Office: Starterline

MLS® Number: 73571126