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

1 Cheney St Worcester, MA 01610

24 Days on Boston Pads
29 Photos
$799,999
3 Unit
12 Beds
3 Baths
4368 SQFT
0.11 Acre
1 Cheney St
Worcester, MA 01610

Property Description

*Ask about 1st Time Homebuyer programs w/ grants up to $50,000, 3% down payment & closing costs covered* Exceptional investment or owner-occupant opportunity in the heart of Worcester! Perfectly situated just steps from Clark University within the tuition-free zone, this property draws consistent rental demand from students, professionals, and families alike. The well-maintained three-family home offers spacious 4-bedroom units, each with in-unit laundry and separate utilities for added convenience. Enjoy five off-street parking spaces—a rare amenity in this neighborhood. With market rents of approximately $2,500 per unit, the property projects a cap rate of 8–9%. Conveniently located near public transportation, shopping, restaurants, and major highways—this is an exceptional income-producing opportunity in one of Worcester’s fastest-growing areas.

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 12
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Park, Public School, Public Transportation, Shopping, University
  • Basement Features: Dirt Floor, Full, Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 74268
  • Net Operating Income: 74268

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: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Wood
  • Lead Paint: Certified Treated, Yes
  • Warranty: No

Other Information

  • MLS ID# 73453782
  • Last Updated: 11/18/25

Date Event Price Price/Sq Ft Source
11/15/2025Active$799,999$183MLSPIN
11/12/2025New$799,999$183MLSPIN

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View Breakdown

Map & Resources

Clark University

University

0.08mi

Clark University

University

0.08mi

Clark University (Clark University)

University

0.22mi

Canterbury School

Public Elementary School, Grades: PK-6

0.22mi

Clark University (Clark University)

University

0.22mi

Goddard School/Science Technical

Public Elementary School, Grades: PK-6

0.25mi

University Park Campus School

Public Secondary School, Grades: 7-12

0.31mi

Woodland Academy

Public Elementary School, Grades: K-6

0.38mi

Beatnik's

Bar

0.52mi

The Den

Cafe

0.13mi

Belen Casa de Pan

Cafe

0.15mi

The Bistro

Cafe

0.19mi

Jazzman’s

Cafe

0.26mi

IKrave cafe

Cafe

0.49mi

Acoustic Java Café and Roastery

Cafe

0.58mi

Yoway Cafe & Frozen Yogurt

Ice Cream & Bubble Tea (Cafe)

0.61mi

Family Health Center of Worcester

Hospital

0.66mi

Fairlawn Rehabilitation Hospital

Hospital

1.02mi

Worcester Fire Department

Fire Station

0.56mi

Webster Square Fire Station

Fire Station

0.75mi

Worcester Fire Station #2 South Division

Fire Station

0.93mi

Pleasant Street Firehouse

Fire Station

1.07mi

Clark University Police

Police

0.27mi

College of the Holy Cross Public Safety

Police

0.98mi

Cinema 360

Cinema

0.16mi

Fitton Football Stadium

Stadium

0.69mi

Cantor Art Gallery

Gallery

0.92mi

Daniels Theater

Theatre

0.19mi

Michelson Theater

Theatre

0.29mi

Fenwick Theatre

Theatre

0.89mi

Kneller Athletic Center Pool

Swimming Pool

0.29mi

Worcester YMCA Central Community Branch Pool

Swimming Pool

0.81mi

Kneller Athletic Center

Sports Centre

0.28mi

Dolan Field House

Sports Centre

0.43mi

Corash Tennis Courts

Sports Centre. Sports: Tennis

0.54mi

Filton Baseball Field

Sports Centre. Sports: Baseball

0.68mi

Filton Field

Sports Centre. Sports: American Football

0.7mi

Sinnott Family Tennis Facility

Sports Centre. Sports: Tennis

0.75mi

University Park

Municipal Park

0.07mi

Beaver Street Historic District

Park

0.34mi

South Worcester Playground

Municipal Park

0.41mi

Oread Castle Park

Park

0.6mi

Castle Square

Park

0.65mi

College Square

Park

0.7mi

Beaver Brook Park

Municipal Park

0.75mi

Crompton Park

Municipal Park

0.78mi

Beaver Brook Playground

Playground

0.84mi

Coes Playground

Playground

0.9mi

Grunauer Hair Salon

Hairdresser

0.15mi

Santana Company

Hairdresser

0.15mi

Studio 31 Tattoo Social Club

Tattoo

0.64mi

Familia Barber Shop

Hairdresser

0.67mi

OMG! Braces

Orthodontics

0.65mi

Gulf

Gas Station

0.56mi

Gulf

Gas Station

0.59mi

Speedway

Gas Station. Self Service: Yes

0.84mi

Walgreens

Pharmacy

0.84mi

Santiago's Market

Supermarket

0.31mi

America's Food Basket

Supermarket

0.5mi

Price Rite

Supermarket

0.56mi

Asian Supermarket

Supermarket

0.63mi

Price Chopper

Supermarket

0.66mi

Big Y

Supermarket

0.78mi

Sweet Home Furniture

Furniture

0.54mi

Seller's Representative: Johnny Long, PRIVI Realty LLC
MLS ID#: 73453782

© 2025 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 2025-11-18 21:22:00

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