Solid 3-family opportunity in Worcester, ideal for investors or owner occupants seeking a value-add property with strong potential. This building offers an excellent chance to build equity through updates and improvements over time. Unit 1 is vacant and has been recently updated, providing a great head start. Unit 2 will be delivered vacant and is ready for your renovations or market-rate rental plans. Unit 3 is tenant at will with rents well below market, creating clear income-growth potential. Additional features include separate utilities, a newly installed heating system in Unit 3, and ample off-street parking, a valuable convenience in the city. With significant long-term potential, this property is a great opportunity to customize, improve, and capitalize on Worcester’s strong rental market. Conveniently located near restaurants, hospitals, universities, shopping, and public transportation, it also offers easy access to I 290, I 190, the Mass Pike (I 90), Route 9, and Route 146.
This home has been viewed 13 times
Last Checked: December 7th, 2025 at 7:18am (Source: MLS PIN #73460134)
Gross Income: $9,600
Gross Expenses: $5,155
Net Income Calc: $4,445
CAP Rate: 0.68%
Annual Expenses for 230 Pleasant, Worcester MA 01609
Total Gross Expenses (Calculated)$5,155/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,155
Annual Income & Unit Breakdown for 230 Pleasant, Worcester MA 01609
Total Gross Income (Calculated)$9,600
Unit 1
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$800
LeaseN
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 230 Pleasant, Worcester MA 01609
Listing ID73460134
Property TypeMulti Family / 3 Family
Price$650,000 ($218.41/SqFt)
Style3 Family - 3 Units Up/down
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total2,976 SqFt
Approximate Lot Size (Acres)0.16 acres
Total Parking9
Garage Parking
Year Built1870
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
ZoningBG-3
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 230 Pleasant, Worcester MA 01609
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$9,600
Total Net Income By Broker$9,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 230 Pleasant, Worcester MA 01609
Real Estate Taxes$5,155
Tax Year2025
Assessed Value$390,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$9,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$9,600
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)0.68%
Location Information for 230 Pleasant, Worcester MA 01609
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation
Contact Information for 230 Pleasant, Worcester MA 01609