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    21-23 Clement St Worcester, MA 01603

    For Sale
    $610,000

    Investment opportunity near Clark University with income potential.

    Lot size:
    0.15 Acres

    Property Features for 21-23 Clement St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1918

    Source: LAER Realty Partners Agent Jonathan Evans

    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 is located steps from Clark University. It features three spacious 2-bedroom units. Two units are currently rented on a tenant-at-will basis at $1,500 per month each, which is below market rates. The third unit offers flexibility for an owner-occupant or additional rental income once leased. The property is located two blocks from Clark University and minutes from Main Street, providing access to restaurants, cafes, University Park, Crystal Park, and major commuter routes. Each unit includes two bedrooms, one bath, and living areas. The property also offers separate utilities and a manageable lot.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -71.8268604
    Latitude
    42.2488472

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    FAQs

    What type of property is this?
    Triplex - Investment opportunity near Clark University with income potential.
    Where is this triplex located?
    The property is located at 21-23 Clement St Worcester, MA.
    What is the asking price?
    The asking price for this property is $610,000.
    What are key features of this property?
    This property features: - Prime location: Steps from Clark University and minutes from Main Street.; - Three spacious 2-bedroom units.; - Income potential: Two units currently rented at $1,500/month each.
    (617) 800-9111
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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
    21-23 Clement St Worcester, MA 01603
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