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22 Florence StWorcester, MA 01610

Worcester County

$1,000,000List price
10Beds
5Baths
3,254Sq Ft
1890Year built
0.16Acre lot
5Stories
7 weeks agoOn market

Description

The multi-story building contains five (5) 2-Bedroom/1-Bathroom units with 3,254 square feet of gross living area in 5,526 square feet of gross area. The Property is situated upon a 0.16-acre parcel and has on-street parking. All five units were recently renovated. Renovations include brand new kitchens, new flooring, and new bathrooms. Several of the units were also upgraded with brand new mini split air conditioning units. The Property is currently fully occupied at slightly below market rents offering upside to the purchaser with little to no additional expenditure needed. Net operating income is further improved by separately metered heat, hot water, and electricity which the tenants pay directly. The owner is only responsible for domestic water & sewer. 22 Florence Street is well-positioned in Worcester's established Vernon Hill neighborhood just steps from Clark University. This offers convenient access to downtown Worcester, neighborhood retail corridors, and surrounding residential communities. The opportunity exists to acquire a well maintained and recently improved asset in a desirable urban market. Listed at an 8.34% cap rate.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1890
Stories
5
Living area
3,254 Sq Ft
Lot size
0.16 acres
Zoning
RG-5
Days on market
51
MLS® Listing#
73561773

Property Features

Cooling
Ductless
Heating
Natural Gas · Electric
Basement
Unfinished
Parking
On Street
Lot features
Other
Foundation
Other
Roof
Shingle
Community
Pool · Tennis Court(s) · Park · Stable(s) · Golf · Other
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$7,635Tax year 2026
Assessed value
$574,900
Parcel number
1768167

Directions

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Listing Courtesy: Horvath & Tremblay - 7817764000

Presented by: Ethan Lazar

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.

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