97 Eastern Ave Worcester — Photo 1 of 41
$600,000
Investment Analysis — 97 Eastern Ave
Worcester, MA 01605
Based on rent reported on the MLS listing, a 3-unit multi-family in 01605 carries $3,450/mo in gross rent — about a 4.04% cap rate and $24,245/yr in estimated NOI at the $600,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
3
SqFt
3,143
Style
3 Family - 3 Units Up/Down
Built
1890
Welcome to 97 Eastern Ave, a well-located three-family property offering an excellent opportunity for investors or owner-occupants looking to build equity and generate rental income. This spacious triple-decker features three generously sized 2-3 bedroom, 1-bath units, providing desirable layouts and strong rental potential. Each unit offers bright living spaces, hardwood flooring, eat-in kitchens with pantry areas, and convenient washer/dryer hookups. Replacement windows and separate living areas add to the property's functionality and appeal.The third-floor unit offers elevated views of Worcester and presents an excellent opportunity for an owner-occupant or investor to maximize the property's income potential. Additional features include unfinished basement/storage space, and a large rear yard. Conveniently located near public transportation, UMass Memorial Medical Center, Route 290, shopping, dining, and major commuter routes.Whether you're looking to house-hack, expand your rental portfolio, or capitalize on Worcester's strong rental market, 97 Eastern Ave offers the space, location, and income potential to make this a compelling investment. Don't miss this opportunity to own a multi-family property in one of Central Massachusetts' most active markets! Units that are rented are month-to-month.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: Silvano Gomes
Listing Office: J. Christopher Real Estate Group
MLS® Number: 73569401