1524 Main St, Worcester, MA 01603
MULTI_FAMILY - Worcester, MA
- Added:
- Jun 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 26 at 3:06 am
Property Features for 1524 Main St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RL-7
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 9, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4
- Parking
- 5
- Standard status
- Active
- APN
- 1776911
- Size
- 4,260 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8978
Building Details
- Year built
- 1910
- Floors in Building
- 6
- Number of units
- 5
Listing agent Clifford Ponte License #9554597 (508) 677-3233
Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA (508) 677-3233
Listing date Jun 24, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Five‑family property built in 1910, fully vacant and delivered with all units vacant
- Four of the five units have been renovated with modern updates throughout
- All new hot water tanks and brand‑new, never‑used appliances in the renovated units
- One unit has been taken down to the studs with new plumbing and electrical wiring already completed
- Includes off‑street parking
- Sold as is
Overview
The building is located at 1524 Main St in Worcester, Massachusetts. The site includes off-street parking, which can help support tenant convenience and day-to-day access.
With all units delivered vacant, this building can be a straightforward fit for owner-occupants or investors who want the flexibility to complete the remaining unit and establish their own operating approach. The renovation progress already in place across the majority of units may appeal to buyers looking to reduce near-term work compared with a fully unrenovated asset, while the AS-IS structure allows customization based on the next owner’s plans.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.9k | $25.80 |
| − Vacancy | −$5.5k | −$1.29 |
| EGI | $104.4k | $24.51 |
| − OpEx | −$47.0k | −$11.03 |
| NOI | $57.4k | $13.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.861464
- Latitude
- 42.240597
