
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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Medical Facility • Highway Access • House of Worship • Public School • T-Station
Geography
Listing Agent: Ray Lopolito
Listing Office: Starterline
MLS® Number: 73571126