Rare Find! Nice 3-Family on Shrewsbury Street w/ Amazing Equity Potential! 1st Floor is Vacant & 2nd/3rd Floor at TAW. Nice Solid Building with a recent roof 5-7 years old. Apartments can use cosmetic updating to increase rents, cash flow and overall property value immediately. All 3 floors are 2 bedrooms w/ the option to convert to 3 bedroom units. The basement has a finished area for great bonus space. Vinyl Siding, Fenced in Yard w/ Patio, front/Back Porches & Laundry Hookups! 1st Floor Vacant, 2nd/3rd Floor at TAW paying $800 and $1100. Market rents for all units is $1800 per month. Open House this Sunday 11-12:00pm!
This home has been viewed 20 times
Last Checked: January 28th, 2026 at 7:20am (Source: MLS PIN #73465335)
Gross Income: $64,800
Gross Expenses: $6,844
Net Income Calc: $57,956
Annual Expenses for 247 Shrewsbury St, Worcester MA 01604
Total Gross Expenses (Calculated)$6,844/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6844
Annual Income & Unit Breakdown for 247 Shrewsbury St, Worcester MA 01604
Total Gross Income (Calculated)$64,800
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 247 Shrewsbury St, Worcester MA 01604
Listing ID73465335
Property TypeMulti Family / 3 Family
Price625000 ($175.22/SqFt)
Style3 Family
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total3567
Approximate Lot Size (Acres)0.09
Total Parking0
Garage Parking0
Year Built1912
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Area0
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningMG-2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 247 Shrewsbury St, Worcester MA 01604
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsNo
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 247 Shrewsbury St, Worcester MA 01604
Real Estate Taxes6844
Tax Year2025
Assessed Value$518,900
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 247 Shrewsbury St, Worcester MA 01604
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 247 Shrewsbury St, Worcester MA 01604