Overview Property Details Payment Calculator Walkability

Active

2 Henchman St, Worcester MA 01605

$2,800,000

Estimated $5,624.52/month Calculator

Multi Family

Total Units: 13

Price Per Unit: $215,384.62

Total Rent: 99924/year

Estimated CAP Rate: 1.48%

33 Bedrooms

13 Full Baths

15,075 SqFt

Total Parking: 3

11,325 SqFt

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...

This home has been viewed 14 times

Last Checked: April 29th, 2025 at 5:08am (Source: MLS PIN #73364161)

Gross Income: $99,924

Gross Expenses: $58,385

Net Income Calc: $41,539

CAP Rate: 1.48%

Annual Expenses for 2 Henchman St, Worcester MA 01605

Total Gross Expenses (Calculated)$58,385/year

APOD AvailableYes

Heating

Electricity$6,001

Water$10,222

Gas$10,222

Insurance$13,000

Sewer$10,222

Trash Removal$3,900

Repair & Maintenance$6,500

Management

Miscellaneous$5,750

Real Estate Tax$13,012

Annual Income & Unit Breakdown for 2 Henchman St, Worcester MA 01605

Total Gross Income (Calculated)$99,924

Unit 1

Rental Income$2,150

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,877

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,150

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$2,150

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 2 Henchman St, Worcester MA 01605

Listing ID73364161

Property TypeMulti Family

Price$2,800,000 ($185.74/SqFt)

Style5+ Family - 5+ Units Side By Side

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total15,075 SqFt

Approximate Lot Size (Acres)0.26 acres

Total Parking3

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

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 2 Henchman St, Worcester MA 01605

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$69,010

Total Gross Income By Broker$304,704

Total Net Income By Broker$220,459

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 2 Henchman St, Worcester MA 01605

Real Estate Taxes$13,012

Tax Year2025

Assessed Value$986,500

Financial Data SourceOwner

Total Gross Expenses By Broker$69,010

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$304,704

BostonRealEstate.com Gross Income

Total Net Income By Broker$220,459

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.48%

Location Information for 2 Henchman St, Worcester MA 01605

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 2 Henchman St, Worcester MA 01605

Agent

Name: Ethan Lazar

MLS ID: CN252872

Office ID: AN2723

Address: 350 West 4th Street

City: Boston

State: MA

Zip: 02127

Office

Name: Horvath & Tremblay

MLS Office ID: AN2723

Phone: 781-776-4000

Payment Calculator

$18,337.04 per month

30 Years Fixed, 6.75% Interest

Property Taxes $1,084.33

Principal & Interest $17,252.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Ethan Lazar

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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    [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.
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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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[water] => Array
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[water_expense] => Array
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[year_built] => 1900
    [year_built_details] => Approximate
    [year_built_source] => Public Records
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    [zoning] => RG-5
    [zoning_details] => 
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EXIT

Active

2 Henchman St, Worcester MA 01605

$2,800,000

Annual Expenses for 2 Henchman St, Worcester MA 01605

Annual Income & Unit Breakdown for 2 Henchman St, Worcester MA 01605

General Information for 2 Henchman St, Worcester MA 01605

Disclosures for 2 Henchman St, Worcester MA 01605

Financial Information for 2 Henchman St, Worcester MA 01605

Location Information for 2 Henchman St, Worcester MA 01605

Contact Information for 2 Henchman St, Worcester MA 01605

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Ethan Lazar