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You are here:
Home Massachusetts Worcester Multi-Family Homes for Sale

5 Massasoit Rd Worcester, MA 01604

$599,900
3 Unit
4 Beds
3 Baths
4112 SQFT
0.09 Acre
5 Massasoit Rd
Worcester, MA 01604

Property Description

**BACK ON MARKET; previous buyer unable to secure financing giving you a second chance at this great property!** Entrepreneurs and investors, this one's for you! This mixed-use building in the heart of Worcester is a dynamic blend of commercial and residential space. A newly vacant commercial unit is a blank canvas; transform the space to suit your specific needs. Formerly utilized for food service so can be easily revamped for the same or redesigned into countless possibilities for a new venture. Bring your business plans to fruition while having the added bonus of an additional $3,575 revenue from the residential units above. Well-maintained, spacious 2 bedroom units have in-unit laundry and separate utilities. Location is second to none within close proximity to highway access, Polar Park, and colleges. Now is the time to seize this opportunity and make your mark!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Tile Floor
  • Common Appliances: Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil, Space Heater
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated
  • Gross Operating Income: 72900
  • Gross Expenses: 23036
  • Electric Expenses: 240
  • Water/Sewer: 4600
  • INSC: 4300
  • Management Fee: 2376
  • Miscellaneous Expense: 390
  • Net Operating Income: 49864

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Dryer, for Gas Oven, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73266036
  • Last Updated: 12/16/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/23/2024Active$599,900$146MLSPIN
11/19/2024Extended$599,900$146MLSPIN
11/19/2024Active$599,900$146MLSPIN
11/15/2024Back on Market$599,900$146MLSPIN
09/23/2024Under Agreement$599,900$146MLSPIN
09/09/2024Contingent$599,900$146MLSPIN
09/07/2024Active$599,900$146MLSPIN
09/03/2024Back on Market$599,900$146MLSPIN
08/23/2024Under Agreement$599,900$146MLSPIN
08/06/2024Active$599,900$146MLSPIN
08/02/2024Back on Market$599,900$146MLSPIN
07/22/2024Under Agreement$599,900$146MLSPIN
07/21/2024Active$599,900$146MLSPIN
07/17/2024New$599,900$146MLSPIN
08/26/2022Sold$470,400$103MLSPIN
02/02/2021Under Agreement$499,999$110MLSPIN
02/02/2021Reactivated$499,999$110MLSPIN
01/16/2021Expired$499,999$110MLSPIN
01/11/2021Contingent$499,999$110MLSPIN
07/29/2020Active$529,000$116MLSPIN
07/29/2020Active$499,999$110MLSPIN

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Map & Resources

Worcester East Middle School

Public Middle School, Grades: 7-8

0.23mi

Rice Square School

Public Elementary School, Grades: K-6

0.26mi

Saint Stephen Elementary School

Grades: 1-6

0.36mi

St. Stephen Elementary School

Private School, Grades: PK-8

0.37mi

La Familia Dual Language School

Public Elementary School, Grades: PK-6

0.37mi

Worcester Cultural Academy Charter Public School

Charter School, Grades: K-4

0.41mi

Grafton Street School

Public Elementary School, Grades: K-6

0.54mi

Union Hill School

Public Elementary School, Grades: K-6

0.56mi

Pepe's

Italian Restaurant

0.9mi

Bocato

Restaurant

0.92mi

Lock 50

Restaurant

0.92mi

Saint Vincent Hospital at Worcester Medical Center

Hospital

1.17mi

Worcester Fire Department

Fire Station

0.65mi

Worcester Fire Department

Fire Station

0.68mi

Franklin Street Station

Fire Station

0.91mi

Worcester Fire Department

Fire Station

1.16mi

Warner Theater

Theatre

0.58mi

Dennis F Shine Jr Swimming Pool

Swimming Pool. Sports: Swimming

0.8mi

Broad Meadow Brook Wildlife Sanctuary

Nature Reserve

0.37mi

Crow Hill & Fitzgerald Brook Conservation Restriction

Nature Reserve

0.49mi

Mulcahy Field

Municipal Park

0.14mi

Fay Street Historic District

Park

0.58mi

Providence Street Historic District

Park

0.67mi

Holmes Field

Municipal Park

0.75mi

Vernon Hill Playground

Municipal Park

0.75mi

Gaskin Field

Park

0.75mi

Banis St Playground

Playground

0.26mi

Shale St Playground

Playground

0.62mi

Price Chopper

Supermarket

0.44mi

Walgreens

Pharmacy

0.62mi

Family Dollar

Variety Store

0.61mi

Seller's Representative: Jim Black Group, Real Broker MA, LLC
MLS ID#: 73266036

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-12-16 10:05:00

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