
5 Freeland Ter Worcester — Photo 1 of 22
$730,000
Investment Analysis — 5 Freeland Ter
Worcester, MA 01603
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-unit multi-family in 01603 carries an estimated $7,260/mo in gross rent — about a 8.18% cap rate and $59,723/yr in estimated NOI at the $730,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,198
Style
3 Family
Built
1890
You can send your kids to college completely for free just by living in this freshly updated, fully vacant three-decker home at 5 Freeland Terrace. This is a life-changing opportunity for a hardworking family to stop paying rent, build real wealth, and secure a bright future. By living in one spacious unit and renting out the other two floors, your tenants will help pay your mortgage while you gain a path to higher education that usually feels out of reach. This rare property sits in a special neighborhood zone where anyone who lives here for five consecutive years qualifies to attend Clark University tuition-free. This massive benefit applies to you, your kids, extended family, and even your tenants, making it incredibly easy to find renters. To qualify for this amazing program, a person just needs to live in this neighborhood zone for at least five full, continuous years before starting college, apply and meet Clark University's standard academic rules to get in, and remember that while the scholarship pays for 100% of the tuition, families still cover housing, food, and books. Units 1 & 3 are certified deleaded and because the entire building is recently renovated and completely empty, you can move right in, choose your own tenants, or maximize your cash flow by exploring room-by-room student rentals.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Range • Refrigerator
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Public Transportation • Park • Highway Access • University
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Property History
$730,000
Aug 27, 2026
MLS® 73568993
$2,000
Jun 25, 2026
MLS® 73449838
$2,100
Jun 25, 2026
MLS® 73448692
$690,000
Jun 15, 2026
MLS® 73454589
$690,000
Nov 13, 2025
MLS® 73454589
$2,000
Oct 30, 2025
MLS® 73449838
$2,100
Oct 28, 2025
MLS® 73448692
Listing Agent: John Snyder
Listing Office: Redfin Corp.
MLS® Number: 73568993