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1022 Main St, Worcester MA 01603

$539,000

Estimated $1,330.15/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $179,666.67

Total Rent: 75600/year

Estimated CAP Rate: 13.01%

8 Bedrooms

3 Full Baths

2,472 SqFt

Total Parking: 9 (2 Garage)

7,592 SqFt

Opportunity knocks with this unique mixed-use property just a short walk from Clark University! Featuring 12 rooms, 6 bedrooms, 3 full baths, and 1 half bath, this property offers great potential for investors or homeowners. With a 7,592 sq.ft. lot and 2,500 sq.ft. of living space, the home includes a partially finished basement with room for more, plus parking for 7+ cars on a paved driveway.Currently used as a single-family home, it could be converted to a rooming house, multi-family residence with commercial space, or other uses with the appropriate city approvals. Located near the Clark University baseball field, St. Vincent Hospital, Polar Park Stadium, and I-290, the property is in a prime location. Buyers are responsible for due diligence and any necessary permits or approvals. Don’t miss this excellent investment opportunity!

This home has been viewed 71 times

Last Checked: November 19th, 2025 at 7:38am (Source: MLS PIN #73360427)

Gross Income: $75,600

Gross Expenses: $5,473

Net Income Calc: $70,127

CAP Rate: 13.01%

Annual Expenses for 1022 Main St, Worcester MA 01603

Total Gross Expenses (Calculated)$5,473/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,473.87

Annual Income & Unit Breakdown for 1022 Main St, Worcester MA 01603

Total Gross Income (Calculated)$75,600

Unit 1

Rental Income$1,500

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,900

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,900

Lease

Bedrooms5

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 1022 Main St, Worcester MA 01603

Listing ID73360427

Property TypeMulti Family / 3 Family

Price$539,000 ($218.04/SqFt)

Style3 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,472 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking9 (2 Garage)

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningBG-3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesLake/pond, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 1022 Main St, Worcester MA 01603

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$75,600

Total Net Income By Broker$75,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1022 Main St, Worcester MA 01603

Real Estate Taxes$5,473.87

Tax Year2024

Assessed Value$398,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$75,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$75,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)13.01%

Location Information for 1022 Main St, Worcester MA 01603

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 1022 Main St, Worcester MA 01603

Agent

Name: Zhichao Chen

Office

Name: Space Realty

Phone: 917-376-6662

Payment Calculator

, Interest

Property Taxes 456.16

Principal & Interest 3321.15

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Space Realty

Zhichao Chen

Agent Phone

Office Phone

(917) 376-6662

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

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1022 Main St, Worcester MA 01603

$539,000

Annual Expenses for 1022 Main St, Worcester MA 01603

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Financial Information for 1022 Main St, Worcester MA 01603

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Zhichao Chen