Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    47 Benefit St Worcester, MA 01610

    For Sale
    $830,000

    Six-unit property with vacancy and development potential near downtown Worcester.

    Lot size:
    0.21 Acres

    Property Features for 47 Benefit St

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1890

    Source: Engel & Volkers Wellesley Agent Sarah Lewis

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

    Overview

    Six-Unit Multifamily Property

    This six-family property offers an opportunity to expand a real estate portfolio in a robust rental market. The building features three 2-bedroom units and three 1-bedroom units. Four of the six units are currently vacant, providing flexibility for tenant placement or renovation to enhance cash flow. The property requires updates, but includes separately metered gas and electric, off-street parking, balconies with city views, and stained glass windows. It is located near downtown, major routes, and less than a mile from Kelly Square and Polar Park.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8102287
    Latitude
    42.2534099

    Nearby Similar for Sale

    • $699,900
      3,289 SF

      Worcester Multi-Family Residential Property

      Residential income property in Worcester, Massachusetts, with 3,289 square feet.
      23 Ashton St, Worcester, MA 01604
      View Details
    • $589,900
      Pending

      Worcester Two-Family Home

      Well-maintained two-family home in a quiet Worcester neighborhood.
      7 W Hampton St, Worcester, MA 01610
      View Details
    • $800,000
      Pending

      Worcester Multifamily Investment Opportunity

      Four residential units near downtown Worcester with recent interior updates.
      49 Dorchester St, Worcester, MA 01610
      View Details
    • $1,650,000
      Pending

      Worcester Multifamily Investment Opportunity

      Two well-maintained buildings near WPI and Elm Park.
      9-11 Dover St, Worcester, MA 01609
      View Details
    • $950,000
      4,567 SF

      Worcester Three-Family Near UMass Chan

      Well-maintained three-family near UMass Chan, offering strong income potential.
      311 Plantation St, Worcester, MA 01604
      View Details
    • $824,900
      Pending

      Meticulously Maintained Worcester Three-Family Home

      9-bedroom, three-family home near Elm Park and WPI.
      32 Blossom St, Worcester, MA 01609
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit property with vacancy and development potential near downtown Worcester.
    Where is this apartment building located?
    The property is located at 47 Benefit St Worcester, MA.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: - Six-family property in a strong rental market.; - Prime location near downtown, major routes, Kelly Square, and Polar Park.; - Opportunity to increase cash flow through renovation and tenant placement due to 4 vacant units.
    (603) 440-5241
    Request Owner's contact information
    47 Benefit St Worcester, MA 01610
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    47 Benefit St
    Worcester, MA 01610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    47 Benefit St Worcester, MA 01610
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.