This two-family property offers an outstanding investment opportunity! The first floor has been beautifully renovated into a spacious 3-bedroom, 2-bath unit, with an additional area that could be used for commercial space or storage—further increasing its income potential. Utilities are separately metered, and a landlord meter has been installed for effortless management. The first floor also holds a lead certificate, ensuring peace of mind for future tenants. The second floor features a charming 4-bedroom unit with an updated bathroom, modern kitchen, and electric heat. Off-street parking adds convenience. With strong income potential and a turnkey setup, plus the possibility to convert the property into a 3-unit house, this is a must-see for savvy investors!
This home has been viewed 66 times
Last Checked: September 24th, 2025 at 4:29am (Source: MLS PIN #73384298)
Gross Income: $47,400
Gross Expenses: $4,573
Net Income Calc: $42,827
CAP Rate: 8.10%
Annual Expenses for 629 Cambridge Street, Worcester MA 01610
Total Gross Expenses (Calculated)$4,573/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$4,573
Annual Income & Unit Breakdown for 629 Cambridge Street, Worcester MA 01610
Total Gross Income (Calculated)$47,400
Unit 1
Rental Income$1,650
LeaseN
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 2(water)
Unit 2
Rental Income$2,300
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent IncludesUnit 2(water)
General Information for 629 Cambridge Street, Worcester MA 01610
Listing ID73384298
Property TypeMulti Family
Price$529,000 ($219.5/SqFt)
StyleMulti Family
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total2,410 SqFt
Approximate Lot Size (Acres)0.12 acres
Total Parking4
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningRG-5
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 629 Cambridge Street, Worcester MA 01610
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$25,200
Total Net Income By Broker$25,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 629 Cambridge Street, Worcester MA 01610
Real Estate Taxes$4,573
Tax Year2025
Assessed Value$332,600
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$25,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$25,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)8.10%
Location Information for 629 Cambridge Street, Worcester MA 01610
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 629 Cambridge Street, Worcester MA 01610