Active
17 Days on market
5 Freeland Ter Worcester — Photo 1 of 22

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.

View Standard Listing

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.

Immersive Experience

Property Details

Financials

Original Price$730,000
Annual Taxes$6,488

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms18
FireplacesNone
Flooring--
BasementFull, Unfinished

Climate & Utilities

HeatingNatural Gas, Electric
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRG-5

Property & Lot

Acres0.07
SqFt Lot2,860
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Park • Highway Access • University

Geography

Property History

Listed
$730,000

Aug 27, 2026

MLS® 73568993

Terminated
$2,000

Jun 25, 2026

MLS® 73449838

Terminated
$2,100

Jun 25, 2026

MLS® 73448692

Expired
$690,000

Jun 15, 2026

MLS® 73454589

Listed
$690,000

Nov 13, 2025

MLS® 73454589

Listed
$2,000

Oct 30, 2025

MLS® 73449838

Listed
$2,100

Oct 28, 2025

MLS® 73448692

Listing Provided By

Listing Agent: John Snyder

Listing Office: Redfin Corp.

MLS® Number: 73568993