3 Chelsea St - Apartments FOR SALE


Worcester, MA 01610- South Worcester
$1,000,000 USD
781-776-4002
3 Chelsea St, Worcester, MA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/9
null | 7.01% Cap Rate

3 Chelsea St
Worcester, MA 01610
South Worcester


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Nearby Higher Education
  • Upside Potential with Rent Growth
  • Parking Revenue
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 3 Chelsea Street in Worcester, MA (the “Property”). The two-story building contains two (2) 2-Bedroom/1-Bathroom units and five (5) Studio units with 3,652 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 garage bays and an additional garage space which are both fully leased to two long term tenants. 3 Chelsea Street is well-positioned in Worcester’s Green Island neighborhood, offering strong access to the city’s downtown core, neighborhood retail corridors, and surrounding residential communities. The property benefits from convenient connectivity to major regional routes including Interstate 290, the Massachusetts Turnpike (I-90), and Route 146, as well as proximity to Worcester Union Station, providing direct MBTA Commuter Rail service to Boston and access to regional bus transit.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,857

CAP RATE

7.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Chelsea St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RG-5

APN/PARCEL ID

WORC-000007-000036-000024-000031

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.