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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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145 Eastern Ave , Worcester, MA 01605
$695,900
Est. Payment: $1,546.44/mo
7 Bed
3 Bath
3446 Sqft
Status: Contingent | Days on site: 199
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AN4146 - CN228463
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House Description

INVESTMENT OPPORTUNITY | OWNER-OCCUPANT POTENTIAL! Discover the value and income potential of 145 Eastern Ave, Worcester. This multi-family property offers an excellent opportunity for investors or owner-occupants looking to build equity and maximize rental income. The property features three floors. The 1st-floor unit is currently vacant but was previously rented for $2,350/month, while the 2nd floor currently rents for $1,750/month and the 3rd floor rents for $1,900/month. The occupied units are currently rented below market, providing potential for increased rental income over time. Current Gross Rental Income: $3,650/month. Previous 1st-Floor Rent: $2,350/month2025 Property Taxes: $7,025The vacant first floor provides flexibility for an owner-occupant to live in the property while collecting rental income from the other two units, or for an investor to lease the unit and increase overall cash flow. Based on the previous first-floor rent, leasing the vacant unit at $2,350/month would bring the gross rental income to approximately $6,000/month, or $72,000 annually, before considering any future rent increases. The property also offers potential for a fourth unit, creating an additional value-add opportunity, subject to buyer due diligence, zoning, permitting, and applicable city requirements. Additional features include off-street parking, basement/utility areas, and a convenient Worcester location. Whether you're looking to house hack, expand your rental portfolio, or take on a value-add multi-family investment, 145 Eastern Ave offers multiple strategies for creating long-term value. Buyers and buyers' agents are encouraged to conduct their own due diligence regarding rents, expenses, zoning, permits, unit count, and potential fourth-unit conversion.

Highlights

Listed by Patricia Yawson , 508-873-3192 Century 21 XSELL REALTY , 774-772-7072.

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1878

County

Worcester

Listing ID

73481325

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Microwave, ENERGY STAR Qualified Refrigerator, Rangetop - ENERGY STAR
Other:
  • Additional:Walk-In Closet(s), Mudroom
Water:Public

Exterior Features

Lot:Gentle Sloping
Garage Capacity:4
Zoning:RG-5
Roof:Shingle
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 4
Principal Interest
$1,546
Taxes
$585

Home Price

$695,900

Loan Details

30 yrs
%

Down Payment

20%
$139,180
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,546.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,546.44 $585.42 $0.00 $2,131.86
Yearly $18,557.33 $7,025.00 $0.00 $25,582.33
Total $556,720.00 $210,750.00 $0.00 $767,470.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Worcester, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.