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

2 Henchman St Worcester, MA 01605

26 Days on Boston Pads
15 Photos
$2,950,000
13 Unit
33 Beds
13 Baths
15075 SQFT
0.26 Acre
2 Henchman St
Worcester, MA 01605

Property Description

Henchman & Moen, consists of three adjoining multi-family investment properties located at 2 & 2 ½ Henchman Street and 8 Moen Street in Worcester, MA (the“Property”). This well-maintained 13-unit property consists of six 2-bedroom/1-bathroom units and seven 3-bedroom/1-bathroom units, totaling 15,075 sq. ft. of living space on a 0.26-acre parcel. 11 of the 13 units have been extensively renovated with new kitchens, bathrooms, and flooring. All units have lead certificates and are separately metered for heat, hot water, and electricity, which are paid directly by the tenants. The property also features an on-site laundry facility and three parking spaces. The opportunity exists to increase rents in the renovated units and implement programmatic upgrades to the remaining two unrenovated units to maximize rental income. The property is steps from Downtown Worcester, WPI and UMass Memorial Medical Center. This is an excellent investment opportunity in one of MA’s most dynamic markets.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 13
  • Total Floors: 8
  • Total Bedrooms: 33
  • Total Full Baths: 13

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 296892
  • Gross Expenses: 66848
  • Electric Expenses: 6001
  • Water/Sewer: 10222
  • INSC: 13000
  • Repairs & Maintenance: 6500
  • RFS: 3900
  • Miscellaneous Expense: 5750
  • Net Operating Income: 215200

Utilities

  • 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

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Fieldstone
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73315510
  • Last Updated: 11/29/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/29/2024Active$2,950,000$196MLSPIN
11/25/2024New$2,950,000$196MLSPIN
12/03/2022Sold$1,800,000$189MLSPIN
10/26/2022Under Agreement$1,800,000$189MLSPIN
10/24/2022Contingent$1,800,000$189MLSPIN
10/22/2022New$1,800,000$189MLSPIN

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Map & Resources

Worcester Polytechnic Institute - Gateway Park Campus

University

0.09mi

The Nativity School of Worcester

Private School, Grades: 5-8

0.18mi

Ma Academy for Math and Science School

Public School, Grades: 11-12

0.18mi

Massachusetts Academy of Math and Science at WPI

Public Secondary School, Grades: 11-12

0.19mi

Worcester Polytechnic Institute

University

0.24mi

Massachusetts College of Pharmacy & Health Sciences

University

0.49mi

Venerini Academy

Private School, Grades: PK-8

0.5mi

Venerini Academy

Private School, Grades: PK-8

0.54mi

Michael's Cigar Bar

Bar

0.76mi

Greater Good Imperial Brewing

Bar

0.78mi

Whiskey Lounge

Bar

0.8mi

Wormtown Brewery

Bar

0.95mi

Brew City Grill & Brew House

Bar

0.95mi

Jeff's Place

Bar

0.97mi

Victory Bar & Cigar

Bar

0.98mi

The Dive Bar

Bar

1.21mi

UMass Memorial Medical Center - Memorial Campus

Hospital

0.22mi

UMass Memorial Medical Center - Hahnemann Campus

Hospital

0.57mi

Saint Vincent Hospital at Worcester Medical Center

Hospital

0.7mi

Family Health Center of Worcester

Hospital

1.44mi

UMass Memorial Medical Center - University Campus

Hospital

1.51mi

Worcester Fire Department

Fire Station

0.37mi

Worcester Fire Department

Fire Station

0.82mi

Franklin Street Station

Fire Station

1.16mi

Worcester Center For Crafts

Arts Centre

0.61mi

The Hanover Theatre Conservatory for the Performing Arts

Arts Centre

1.14mi

Upper Perrault Hall

Cinema

0.53mi

Worcester Art Museum

Gallery

0.37mi

Franklin Square Salon Gallery

Gallery

1.15mi

ArtsWorcester

Gallery

1.2mi

Worcester Art Museum

Museum

0.35mi

Salisbury Mansion

Museum

0.44mi

Sports & Recreation Center Pool

Swimming Pool

0.77mi

YWCA Central Massachusetts Pool

Swimming Pool

1.17mi

React Fitness Club

Fitness Centre

0.46mi

Orangetheory Fitness

Fitness Centre

0.71mi

True North Performance Training

Fitness Centre

1.3mi

Central Rock Gym Worcester

Fitness Centre. Sports: Climbing

1.39mi

O'Connell Field

Sports Centre. Sports: American Football

0.38mi

Rooftop Field

Sports Centre. Sports: Soccer

0.67mi

Downtown Dog Park

Dog Park

1.15mi

Gateway Park

Park

0.22mi

Institute Park

Municipal Park

0.3mi

Green Hill Park

Municipal Park

0.33mi

Lincoln Square

Park

0.35mi

Bell Hill Park

Park

0.57mi

Fairmont Park

Municipal Park

0.61mi

Betty Price Playground

Park

0.64mi

Green Hill Golf Course

Golf Course

0.65mi

Betty Price Playground

Playground

0.65mi

Cristoforo Colombo Spray Park

Playground

0.86mi

Piedmont Playground

Playground

1.29mi

Plymouth St. Playground

Playground

1.3mi

Shale St Playground

Playground

1.3mi

Homer Gage Medical Library

Library

0.33mi

Worcester Art Museum Library

Library

0.37mi

George C. Gordon Library

Library

0.52mi

Worcester Law Library

Library

0.64mi

Bowditch and Dewey Library

Library

0.79mi

Dumphy Memorial Library

Library

0.85mi

Blais Family Library

Library

0.88mi

Worcester Historical Museum Research Library

Library

0.93mi

Shaw's

Supermarket

0.93mi

Price Chopper

Supermarket

1mi

Price Rite

Supermarket

1.1mi

Ed Hyder's Mediterranean Marketplace

Supermarket

1.36mi

Honey Farms

Convenience

0.65mi

Tony's news

Convenience

0.77mi

Yatco Food Mart

Convenience

0.92mi

Family Dollar

Variety Store

1.08mi

Seller's Representative: Ethan Lazar, Horvath & Tremblay
MLS ID#: 73315510

© 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 2024-11-29 03:05:00