5 Claremont Street, Worcester, MA 01610
- $1,345,000
- 17
- BD
- 4
- BA
- 10,450
- SqFt
- List Price
- $1,345,000
- Price Change
- ▼ $235,000 1781205910
- Status
- ACTIVE
- MLS#
- 73514871
- Bedrooms
- 17
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 10,450
- Lot Size (Acres)
- 0.68
- Year Built
- 1896
Property Description
Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.
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Additional Information
- Area
- South Worcester
- Taxes
- $16,560
- Parking Description
- Paved Drive, Shared Driveway, Off Street, Common, Paved
- Lot Description
- Corner Lot, Additional Land Avail., Gentle Sloping
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: DelRose McShane Team from Listing Office: Coldwell Banker Realty - Belmont.
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