Overview Property Details Payment Calculator Walkability

Pending

38-1/2 Bowdoin Street, Worcester MA 01609

$449,000

Estimated $1,128.72/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $224,500

Total Rent: 35940/year

Estimated CAP Rate: 6.93%

5 Bedrooms

2 Full Baths

2,266 SqFt

Total Parking: 0

2,039 SqFt

Don’t miss this fantastic investment property in a highly convenient Worcester location! This well-maintained multi-family home offers strong rental income with low upkeep. First-floor unit: Spacious 3-bedroom layout. Second-floor unit: Features 2 bedrooms plus a versatile ...

This home has been viewed 69 times

Last Checked: April 21st, 2025 at 6:23am (Source: MLS PIN #73351015)

Gross Income: $35,940

Gross Expenses: $4,808

Net Income Calc: $31,132

CAP Rate: 6.93%

Annual Expenses for 38-1/2 Bowdoin Street, Worcester MA 01609

Total Gross Expenses (Calculated)$4,808/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,808

Annual Income & Unit Breakdown for 38-1/2 Bowdoin Street, Worcester MA 01609

Total Gross Income (Calculated)$35,940

Unit 1

Rental Income$1,800

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$1,195

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 38-1/2 Bowdoin Street, Worcester MA 01609

Listing ID73351015

Property TypeMulti Family

Price$449,000 ($198.15/SqFt)

StyleMulti Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,266 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking0

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRG-5

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 38-1/2 Bowdoin Street, Worcester MA 01609

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$35,940

Total Net Income By Broker$35,940

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 38-1/2 Bowdoin Street, Worcester MA 01609

Real Estate Taxes$4,808

Tax Year2024

Assessed Value$349,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$35,940

BostonRealEstate.com Gross Income

Total Net Income By Broker$35,940

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.93%

Location Information for 38-1/2 Bowdoin Street, Worcester MA 01609

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University

Contact Information for 38-1/2 Bowdoin Street, Worcester MA 01609

Agent

Name: George Nanis

MLS ID: K9503102

Office ID: AN6259

National Association ID: 453011697

Address: 7 Phillips Street

City: Worcester

State: MA

Zip: 01581

Office

Name: Property Investors & Advisors, LLC

MLS Office ID: AN6259

Phone: 774-413-0272

Payment Calculator

$3,167.27 per month

30 Years Fixed, 6.75% Interest

Property Taxes $400.67

Principal & Interest $2,766.60

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Property Investors & Advisors, LLC

George Nanis

Agent Phone

Office Phone

(774) 413-0272

Text Agent Call Agent Call Office

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EXIT