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Adam Dow

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

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17-19 King St , Worcester, MA 01610
$849,900
Est. Payment: $1,888.67/mo
41 Bed
10 Bath
17806 Sqft
Status: Under Agreement | Days on site: 3
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AN8069 - K9502917
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House Description

A compelling opportunity for an experienced investor to acquire two fully vacant buildings with plenty of off-street parking and renovate them into a stabilized, income-producing asset. Situated on a 32,254-square-foot lot, the property includes a substantial rooming house and a three-family building, offering approximately 17,806 square feet of combined living area with 41 bedrooms and 10 bathrooms. Full vacancy provides immediate access to complete renovations, address deferred maintenance, upgrade building systems, and reposition the property without working around existing tenants. Once renovated and stabilized, the combination of rooming-house accommodations and traditional multifamily units offers the potential for diversified rental income and long-term value creation. The property requires significant improvements and is best suited for a qualified investor familiar with renovation and specialized housing operations. Property is being sold as-is.

Highlights

Listed by James Kalogeropoulos , 774-696-1810 RE/MAX Partners , 508-635-1600.

Property Type

Multi-Family

Lot/Acreage
0.74

Year Built

1900

County

Worcester

Listing ID

73573403

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:41
  • Bathrooms:10
  • Full Bathrooms:10
Floor:Tile,Carpet,Varies,Hardwood
Water:Public

Exterior Features

Lot:Cleared,Level
Garage Capacity:10
Zoning:RG-5
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Common,Paved,Parking Spaces: 10
Principal Interest
$1,889
Taxes
$1,389

Home Price

$849,900

Loan Details

30 yrs
%

Down Payment

20%
$169,980
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Monthly Price:
$1,888.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,888.67 $1,388.69 $0.00 $3,277.35
Yearly $22,664.00 $16,664.24 $0.00 $39,328.24
Total $679,920.00 $499,927.20 $0.00 $1,179,847.20

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.