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    6 Milton St Worcester, MA 01605

    For Sale
    $2,500,000

    12-unit multifamily property in Worcester's Poet Hill neighborhood.

    Lot size:
    0.24 Acres

    Property Features for 6 Milton St

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1905

    Source: Property Investors & Advisors, LLC Agent Brian Allen

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

    Overview

    Worcester Multifamily Investment Opportunity

    This property features 12 de-leaded residential units located in Worcester's Poet Hill neighborhood. The property is located 0.2 miles from Trolley Yard, minutes from downtown, and under 10 minutes from 8 colleges and 4 major hospitals. It features in-place income of $18,250 per month, with potential for rent growth to $24,992 per month proforma, yielding a 9% Proforma CAP Rate. The property offers efficient management and turnkey appeal for both local and out-of-town investors. The location is in one of Worcester's rental markets.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8037215
    Latitude
    42.2822901

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    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily property in Worcester's Poet Hill neighborhood.
    Where is this apartment building located?
    The property is located at 6 Milton St Worcester, MA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Strong in-place income of $18,250/month with $24,992/month proforma.; - 9% Proforma CAP Rate.; - 12 de-leaded residential units in Worcester's desirable Poet Hill neighborhood.
    (508) 868-0927
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    6 Milton St 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
    6 Milton St Worcester, MA 01605
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