5 Claremont Street, Worcester, MA 01610
5 Claremont Street, Worcester, MA 01610
5 Claremont Street, Worcester, MA 01610
28
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$1,580,000
Est. payment /mo
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17 Beds
4 Baths
10,450 SqFt
New

5 Claremont Street Worcester, MA 01610

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Chris Cassidy

Chris Cassidy

+1(978) 590-7326

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 10,450 sqft

Price per Sqft $151

MLS Listing ID 73514871

Bedrooms 17

Full Baths 4

Year Built 1896

Annual Tax Amount $16,560

Tax Year 2025

Lot Size 0.680 Acres

Acres 0.68

Property Sub-Type 5+ Family - Rooming House

Property Description

Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor's portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today's market.

Location

State MA

County Worcester

Area South Worcester

Zoning RG-5

Direction Take I-90 W. Take exit 127 from I-90 W. Take Centre Ave and Bellevue St. to Claremont St.

Rooms

Basement Full, Walk-Out Access, Interior Entry, Concrete, Unfinished

Interior

Flooring Hardwood

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University

Utilities Available for Gas Range, for Electric Dryer, Washer Hookup

Total Parking Spaces 17

Garage No

Building

Lot Description Corner Lot, Additional Land Avail., Gentle Sloping

Story 3

Foundation Concrete Perimeter, Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Coldwell Banker Realty - Belmont

Nearby Locations

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Chris Cassidy

Chris Cassidy

Agent | License ID: 9013586

+1(978) 590-7326

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5 Claremont Street