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    19 Elizabeth St Worcester, MA 01605

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    For Sale
    $800,000

    Three-story building with five residential units in Worcester's Bell Hill.

    Lot size:
    0.11 Acres

    Property Features for 19 Elizabeth St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1910

    Source: Horvath & Tremblay Agent Ethan Lazar

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

    Overview

    Worcester Multifamily Investment Opportunity

    Located in Worcester's Bell Hill neighborhood, 19 Elizabeth St is a three-story building featuring five residential units. The property includes two 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and two 3-bedroom/1-bathroom units. The building encompasses 4,965 square feet of living area within a gross area of 8,222 square feet, situated on a 0.11-acre parcel. The units are separately metered for heat (gas and electric), hot water (gas), and electricity, with tenants responsible for direct payment, except for Unit 3's electric bill, which includes electric heat and is the landlord's responsibility. Three of the five units have been recently renovated. There is a value-add opportunity to significantly increase the current rent roll to market rents and potentially convert the 3-bedroom units into 4-bedroom units.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7907118
    Latitude
    42.2707717

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    FAQs

    What type of property is this?
    Apartment building - Three-story building with five residential units in Worcester's Bell Hill.
    Where is this apartment building located?
    The property is located at 19 Elizabeth St Worcester, MA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Five residential units in a central location.; - Value-add opportunity to increase rent roll to market rents.; - Potential to convert 3-bedroom units into 4-bedroom units.
    (617) 910-1219
    Request Owner's contact information
    19 Elizabeth St Worcester, MA 01605
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    Worcester, MA 01605
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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
    19 Elizabeth St Worcester, MA 01605
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