145 Eastern Ave, Worcester, MA 01605
145 Eastern Ave, Worcester, MA 01605
145 Eastern Ave, Worcester, MA 01605
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$685,900
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7 Beds
3 Baths
3,446 SqFt
Price Dropped by $10K

145 Eastern Ave Worcester, MA 01605

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Alex Greenwood

Alex Greenwood

+1(978) 290-2414

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Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,446 sqft

Price per Sqft $199

MLS Listing ID 73481325

Bedrooms 7

Full Baths 3

Year Built 1878

Annual Tax Amount $7,025

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type 3 Family

Property Description

INVESTMENT OPPORTUNITY | OWNER-OCCUPANT POTENTIAL! Discover the value and income potential of 145 Eastern Ave, Worcester. This multi-family property offers an excellent opportunity for investors or owner-occupants looking to build equity and maximize rental income. The property features three floors. The 1st-floor unit is currently vacant but was previously rented for $2,350/month, while the 2nd floor currently rents for $1,750/month and the 3rd floor rents for $1,900/month. The occupied units are currently rented below market, providing potential for increased rental income over time. Current Gross Rental Income: $3,650/month. Previous 1st-Floor Rent: $2,350/month2025 Property Taxes: $7,025The vacant first floor provides flexibility for an owner-occupant to live in the property while collecting rental income from the other two units, or for an investor to lease the unit and increase overall cash flow. Based on the previous first-floor rent, leasing the vacant unit at $2,350/month would bring the gross rental income to approximately $6,000/month, or $72,000 annually, before considering any future rent increases. The property also offers potential for a fourth unit, creating an additional value-add opportunity, subject to buyer due diligence, zoning, permitting, and applicable city requirements. Additional features include off-street parking, basement/utility areas, and a convenient Worcester location. Whether you're looking to house hack, expand your rental portfolio, or take on a value-add multi-family investment, 145 Eastern Ave offers multiple strategies for creating long-term value. Buyers and buyers' agents are encouraged to conduct their own due diligence regarding rents, expenses, zoning, permits, unit count, and potential fourth-unit conversion.

Location

State MA

County Worcester

Zoning RG-5

Direction Off Belmont St

Rooms

Basement Partially Finished

Interior

Interior Features Walk-In Closet(s), Mudroom

Heating Natural Gas, Electric

Appliance Microwave, ENERGY STAR Qualified Refrigerator, Rangetop - ENERGY STAR

Exterior

Utilities Available for Gas Range

Roof Type Shingle

Total Parking Spaces 4

Garage No

Building

Lot Description Gentle Sloping

Story 6

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

MLSPIN
Listed by Century 21 XSELL REALTY

NEARBY SCHOOL & BUSINESS

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Alex Greenwood

Alex Greenwood

Agent License ID: 9572106

+1(978) 290-2414

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145 Eastern Ave

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