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15 Circuit Ave E, Worcester MA 01603

$949,000

Estimated $2,417.05/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $237,250

Total Rent: 51600/year

Estimated CAP Rate: 4.33%

12 Bedrooms

4 Full Baths

4,196 SqFt

Total Parking: 3

8,100 SqFt

Prime 4-Unit Multifamily in Worcester’s Prestigious Columbus Park Neighborhood! This well-maintained property features four spacious 3-bedroom apartments, each with separate heat and electric meters, and showcases several recent updates throughout. Ideally located on a tree-lined street in one of Worcester’s most desirable areas—an established residential enclave known for its large, stately homes—just minutes from Clark University, Worcester State, Coes Reservoir, and the Hadwen Arboretum. Three units are currently leased with expirations or renewal opportunities approaching, while one beautifully renovated unit is vacant and ready for immediate occupancy. Comparable 3-bedroom apartments in the area are currently achieving average rents of approximately $2,400 per month, further underscoring the property’s income potential.

This home has been viewed 9 times

Last Checked: June 14th, 2025 at 6:18pm (Source: MLS PIN #73388191)

Gross Income: $51,600

Gross Expenses: $10,539

Net Income Calc: $41,061

CAP Rate: 4.33%

Annual Expenses for 15 Circuit Ave E, Worcester MA 01603

Total Gross Expenses (Calculated)$10,539/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,539

Annual Income & Unit Breakdown for 15 Circuit Ave E, Worcester MA 01603

Total Gross Income (Calculated)$51,600

Unit 1

Rental Income$1,450

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,450

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,400

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 15 Circuit Ave E, Worcester MA 01603

Listing ID73388191

Property TypeMulti Family / 4 Family

Price$949,000 ($226.17/SqFt)

Style4 Family

CityWorcester

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,196 SqFt

Approximate Lot Size (Acres)0.19 acres

Total Parking3

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpacePatio, Porch

ZoningRes

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 15 Circuit Ave E, 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$51,600

Total Net Income By Broker$51,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 15 Circuit Ave E, Worcester MA 01603

Real Estate Taxes$10,539

Tax Year2025

Assessed Value$799,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$51,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$51,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.33%

Location Information for 15 Circuit Ave E, Worcester MA 01603

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Private School, University

Contact Information for 15 Circuit Ave E, Worcester MA 01603

Agent

Name: Ben Hicks

MLS ID: CN203261

Office ID: AN7238

Address: 74 South Walnut Street

City: Quincy

State: MA

Zip: 02169

Office

Name: Bridgemont Realty LLC

MLS Office ID: AN7238

Phone: 617-529-0751

Payment Calculator

, Interest

Property Taxes 878.25

Principal & Interest 5847.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Bridgemont Realty LLC

Ben Hicks

Agent Phone

Office Phone

(617) 529-0751

Text Agent Call Agent Call Office

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EXIT

Active

15 Circuit Ave E, Worcester MA 01603

$949,000

Annual Expenses for 15 Circuit Ave E, Worcester MA 01603

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Bridgemont Realty LLC

Ben Hicks