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    38-1/2 Bowdoin St Worcester, MA 01609

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    For Sale
    $449,000

    Well-maintained multifamily home in convenient location with strong rental income.

    Lot size:
    0.05 Acres

    Property Features for 38-1/2 Bowdoin St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1910

    Source: Property Investors & Advisors, LLC Agent George Nanis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Worcester Multifamily Investment Opportunity

    This multifamily property is located in a convenient Worcester location. The property is well-maintained and offers rental income. The first-floor unit features a 3-bedroom layout. The second-floor unit includes 2 bedrooms plus a bonus room. Both units have closet and storage space. There is shared basement laundry for tenant convenience. The property also features attic space. On-street parking is available, and public transportation is easily accessible, with a bus line nearby. The location is near schools and shopping.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8070603
    Latitude
    42.2679645

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    FAQs

    What type of property is this?
    Multifamily property - Well-maintained multifamily home in convenient location with strong rental income.
    Where is this multifamily property located?
    The property is located at 38-1/2 Bowdoin St Worcester, MA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Strong rental income potential with low upkeep.; - Highly convenient Worcester location near schools and shopping.; - Two units: a spacious **3-bedroom unit** and a **2-bedroom unit with a bonus room.**
    (508) 612-1573
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38-1/2 Bowdoin St Worcester, MA 01609
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