54 Freeland St Worcester, MA 01603
MULTI_FAMILY - Worcester, MA
- Added:
- May 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 14 at 7:06 am
Property Features for 54 Freeland St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RG-5
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 9, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3
- Parking
- 12
- Fireplace
- 1
- Standard status
- Pending
- APN
- M:08 B:035 L:00036,1770245
- Size
- 3,768 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9398
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
Listing agent Sarah Gustafson (508) 754-3020
Listing office Keller Williams Pinnacle Central 67 Millbrook Street, Suite 422, Worcester, MA (508) 754-3020
Listing date May 29, 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.
Investment Insights
Based on property information with market context.
Located in the Clark University neighborhood, the home places tenants within walking distance of Clark, University Park Campus School, dining, and transit. Off-street parking is a meaningful advantage in this area, helping preserve convenience and daily usability for residents. The property is zoned RG-5, supporting residential use within the local zoning framework.
For investors, the combination of bedroom count, full-bath capacity, and the rare parking amenity can support durable rental demand. Owner-occupants may also find the configuration appealing for multi-generational living while generating income. The listing notes that long-term residents may qualify for Clark’s University Park Partnership tuition scholarship, with eligibility tied to 5+ years of residency and admission requirements.
Key Highlights
- 1910 home in the Clark University neighborhood
- 9 bedrooms and 3 full bathrooms
- 4‑car garage for off‑street parking
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 | $97.2k | $25.80 |
| − Vacancy | −$4.9k | −$1.29 |
| EGI | $92.4k | $24.51 |
| − OpEx | −$41.6k | −$11.03 |
| NOI | $50.8k | $13.48 |
