12 Winter St - Apartments FOR SALE


Worcester, MA 01604- Green Island
$1,000,000 USD
781-776-4002
12 Winter St, Worcester, MA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/7
null | 6.22% Cap Rate

12 Winter St
Worcester, MA 01604
Green Island


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Nearby Event Venues
  • Upside Potential with Rent Growth
  • Durable Brick Construction
  • Strong Rental Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 12 Winter Street in Worcester, MA (the “Property”). The three-story building contains five (5) 2-Bedroom/1-Bathroom units and one (1) Retail unit with 5,655 square feet of gross living area in 7,847 square feet of gross area. The Property is situated upon a 0.09-acre parcel and features five (5) off-street parking spaces. This property was gut renovated following the owner’s acquisition of the property in 2017. Current rents for the residential units are significantly below current market rates. The opportunity presents itself to dramatically raise rents to current market rates with minimal renovations needed to the units. Additionally, tenants pay all utilities except domestic water and sewer, with separate metering in place, further enhancing net operating income. 12 Winter Street is well-positioned in Worcester’s downtown area, offering strong access to the city’s central business district, vibrant retail corridors, and surrounding residential neighborhoods. The property benefits from convenient connectivity to major regional routes including Interstate 290, the Massachusetts Turnpike (I-90), and Route 9, as well as proximity to Worcester Union Station, providing direct MBTA Commuter Rail service to Boston and access to regional bus transit throughout Central Massachusetts

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,667

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Winter St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,916 SF

ZONING

BG-4

APN/PARCEL ID

WORC-000004-000018-000029-000030

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4002

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Dennis KelleherHorvath & TremblayMore Info
781-776-4002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.