47 4th St - Apartments FOR SALE


Worcester, MA 01602- Webster Square
$4,000,000 USD
978-621-1290
47 4th St, Worcester, MA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

47 4th St
Worcester, MA 01602
Webster Square


OVERVIEW

Attention Investors...! This $4M investment is a mixed-use multifamily development that will feature exceptional construction with nine (9) luxurious condominiums (4 duplexes & 1 single unit ), all are three bedroom & two bath units, garage in 1,176 sf. The project is seventy (70) % complete and estimated to require $1.0M to achieve occupancy. Each unit completed with gourmet kitchens, gleaming hardwood floors, washer and dryer, walk-in closets, and multiple well-appointed bathrooms. Ample parking surrounding the building. This property is a must-see for the serious buyer seeking strong investment returns. It was appraised in January 2024 for $6.25M with 2026 market pricing projected to be $725,000/unit. This property is one of a Worcester Metro portfolio being offered separately or as a package of two or more. This five property portfolio is valued at $27.1M.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$826 USD /SF

# OF UNITS

9

PRICE/UNIT

$444,444

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

5

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R6B

APN/PARCEL ID

WORC-000042-000035-000003A,WORC-000042-000035-000003B

ASK ABOUT THIS PROPERTY

Duncan ChapmanKeller Williams North CentralMore Info
978-621-1290

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Duncan ChapmanKeller Williams North CentralMore Info
978-621-1290

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