10 Ellsworth St, Worcester, MA 01610

Property Details for 10 Ellsworth St

Year built

1900

Property type

Commercial real estate

Description

This exceptional investment opportunity in Worcester's thriving Canal District presents a remarkable chance to acquire a well-situated multifamily property. The property comprises two buildings: a recently renovated three-family building boasting approximately 4,500 square feet of living space, featuring modern kitchens, updated bathrooms, and open-concept living areas. The renovation, completed in 2019, included new heating systems and a new roof, minimizing future maintenance costs. A second, two-family building offers additional potential for income generation through customization or further value enhancement. The entire property encompasses 6,140 square feet on a 5,388 square foot lot, with five units in total, each offering significant rental income potential. The property is ideally located near Polar Park and the Worcester Public Market, attracting tenants seeking a vibrant urban lifestyle. Convenient access to major roadways, including Routes 146 and 290, ensures easy commutes for residents. With four parking spaces and a permitted MG2 zoning designation, this property offers a compelling combination of location, features, and potential for strong returns. Built in 1900, this property is a rare find in a highly sought-after neighborhood, presenting an unparalleled opportunity for growth and a substantial return on investment. The asking price is $850,000, representing $170,000 per unit and $138.44 per square foot. This is a three-story building.

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Longitude

-71.8005299

Latitude

42.2522666