Property summary
This exceptional multifamily investment property, located at 15 Bowdoin St, Worcester, MA 01609, presents a compelling value-add opportunity. The portfolio comprises 21 units across five buildings, offering a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments, totaling 17,664 net rentable square feet. Currently boasting 36 beds, the property features ample parking with 25 spaces, a significant advantage in this market. The current Net Operating Income (NOI) stands… at $214,059, yielding a 5.35% cap rate. However, a comprehensive value-add strategy is projected to significantly increase profitability, with a pro-forma NOI of $337,359 and a pro-forma cap rate of 8.43%. The asking price is $4,000,000, translating to an attractive price per unit of $261. The property's strategic location, approximately 0.6 miles from Worcester Polytechnic Institute (WPI), makes it highly desirable for student housing and long-term tenants. The existing buildings offer immediate income generation, while the potential for rent increases and property upgrades presents a clear path to enhanced returns. This portfolio represents a rare chance to acquire a well-positioned multifamily asset with substantial upside potential in a thriving Massachusetts market. Detailed financial statements and property information are available upon request.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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