Spacious and full of natural light, this three-family property features three well-designed three-bedroom apartments just a few blocks from Clark University. The prime location on a side street while still offering outstanding convenience to the major routes, easy access to public transportation, shopping, and, making it ideal for both owner-occupants and investors. With two vacant and well-maintained units, you can choose one to owner occupy and build an equity by renting the other two. Each floor includes a generous living and dining rooms, eat-in kitchen and three well-sized bedrooms. The second floor is occupied by a long-term tenant who will stay. Investors will appreciate the low-maintenance exterior with vinyl siding, no driveway to care for, and a compact under 2,900sq.ft. yard that’s simple to manage. Additional income is generated by the coin-operated laundry in the basement. Parking is on-street. Schedule an appointment to see this opportunity!
This home has been viewed 18 times
Last Checked: November 18th, 2025 at 7:29am (Source: MLS PIN #73454589)
Gross Income: $26,400
Gross Expenses: $11,311
Net Income Calc: $15,089
CAP Rate: 2.10%
Annual Expenses for 5 Freeland Ter, Worcester MA 01603
Total Gross Expenses (Calculated)$11,311/year
APOD AvailableNo
Heating
Electricity$1,080
Water
Gas
Insurance$3,743
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,488
Annual Income & Unit Breakdown for 5 Freeland Ter, Worcester MA 01603
Total Gross Income (Calculated)$26,400
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$2,200
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 5 Freeland Ter, Worcester MA 01603
Listing ID73454589
Property TypeMulti Family / 3 Family
Price$720,000 ($225.14/SqFt)
Style3 Family - 3 Units Up/down
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total3,198 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking0
Garage Parking
Year Built1890
Year Built SourcePublic Records
Year Renovated
Year Built DetailsRenovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCleared
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
ZoningRG5
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 5 Freeland Ter, 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$4,823
Total Gross Income By Broker$54,000
Total Net Income By Broker$54,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 5 Freeland Ter, Worcester MA 01603
Real Estate Taxes$6,488
Tax Year2025
Assessed Value$491,900
Financial Data Source
Total Gross Expenses By Broker$4,823
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$54,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$54,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.10%
Location Information for 5 Freeland Ter, Worcester MA 01603
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 5 Freeland Ter, Worcester MA 01603