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    5 Freeland Ter Worcester, MA 01603

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    For Sale
    $720,000

    Spacious three-family property with three-bedroom apartments near Clark University.

    Lot size:
    0.07 Acres

    Property Features for 5 Freeland Ter

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1890

    Source: Hive Property Group Agent Tetyana Ivanina

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

    Overview

    Three-Family Property Near Clark University

    This three-family property features three well-designed three-bedroom apartments filled with natural light. Located just a few blocks from Clark University, the property offers convenience to major routes, public transportation, and shopping. It is suitable for both owner-occupants and investors. Two units are vacant and well-maintained, offering the option for owner occupancy while renting out the other two. Each floor includes generous living and dining rooms, an eat-in kitchen, and three well-sized bedrooms. The second floor is occupied by a long-term tenant who wishes to stay. The property has a low-maintenance exterior with vinyl siding and a compact yard under 2,900 square feet. Additional income is generated by the coin-operated laundry in the basement. Parking is on-street.
    Location Intelligence

    Current Use by Public Records

    5 freeland Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -71.8257752
    Latitude
    42.2473725

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    FAQs

    What type of property is this?
    Triplex - Spacious three-family property with three-bedroom apartments near Clark University.
    Where is this triplex located?
    The property is located at 5 Freeland Ter Worcester, MA.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: - Two vacant, well-maintained units offer immediate owner-occupancy or rental income potential.; - Prime location near Clark University, major routes, public transportation, and shopping.; - Three spacious three-bedroom apartments provide ample living space.
    (508) 361-6047
    Request Owner's contact information
    5 Freeland Ter Worcester, MA 01603
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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
    5 Freeland Ter Worcester, MA 01603
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