13 Groton Pl - Apartments FOR SALE


Worcester, MA 01604- Franklin Plantation
$1,000,000 USD
508-635-8259
13 Groton Pl, Worcester, MA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/60
null | Request Cap Rate

13 Groton Pl
Worcester, MA 01604
Franklin Plantation


OVERVIEW

This is a five-unit multifamily offering comprised of two buildings on one deeded parcel. The property is currently stabilized with existing income and presents the opportunity for incremental value improvement over time. The lower level unit was remodeled within recent years and will be delivered vacant, allowing flexibility for owner occupancy or new market rate tenancy. The remaining units are occupied, with potential for gradual rent growth through light improvements and market alignment. The property is located near major hospitals such as Saint Vincent and UMass, universities, Union Train Station, many local small businesses and major highway access, supporting strong long-term rental demand.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

5

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,163 SF

ZONING

RG-5

APN/PARCEL ID

WORC-000004-000012-000021

ASK ABOUT THIS PROPERTY

James KalogeropoulosRE/MAX PartnersMore Info
508-635-8259

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James KalogeropoulosRE/MAX PartnersMore Info
508-635-8259

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