Exceptional investment opportunity in Worcester's Vernon Hill neighborhood. Fully renovated top to bottom in 2018, this three family property features three spacious 3 bedroom, 1 bath units, each with in-unit laundry. Situated on an oversized lot with off street parking for up to six vehicles, this property offers strong rental appeal and excellent income potential. Conveniently located near I-290, Route 146, the Mass Pike, Union Station, shopping, dining, and schools, it provides easy access for commuters and tenants alike. As an added benefit, the current property management company is willing to continue managing the property at the seller's existing 5% management fee. Property is subject to the seller's 1031 exchange, with replacement property under contract. Whether you're expanding your portfolio or acquiring your next multifamily investment, this income producing property is an opportunity not to be missed.
This home has been viewed 8 times
Last Checked: June 11th, 2026 at 8:53pm (Source: MLS PIN #73534516)
Gross Income: $69,600
Gross Expenses: $10,593
Net Income Calc: $59,007
Water Views
Annual Expenses for 192 Vernon St, Worcester MA 01607
Total Gross Expenses (Calculated)$10,593/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax9093
Annual Income & Unit Breakdown for 192 Vernon St, Worcester MA 01607
Total Gross Income (Calculated)$69,600
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 192 Vernon St, Worcester MA 01607
Listing ID73534516
Property TypeMulti Family / 3 Family
Price799900 ($214.28/SqFt)
Style3 Family - 3 Units Up/down
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total3733
Approximate Lot Size (Acres)0.26
Total Parking6
Garage Parking0
Year Built1890
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningRG-5
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 192 Vernon St, Worcester MA 01607
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsSee Inclusion/Exclusion Attachment
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 192 Vernon St, Worcester MA 01607
Real Estate Taxes9093
Tax Year2025
Assessed Value$689,400
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 192 Vernon St, Worcester MA 01607
Elementary SchoolQuinsigamond Elem
Middle SchoolWorcester Middle
High SchoolWorcester Hs
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 192 Vernon St, Worcester MA 01607