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1038 Main Street, Worcester MA 01603

$1,100,000

Estimated $3,020/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $183,333.33

Total Rent: 84600/year

Estimated CAP Rate:

12 Bedrooms

Baths

5802

Total Parking: 2

3,813 (0.09)

Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include newer vinyl siding, newer vinyl replacement windows, and a newer rubber roof. Interiors feature fresh paint, recently refinished hardwood floors, and updated hardware. Two parking spots (tandem) behind property can provide additional rental income. Ideal for investors seeking a hassle-free, income-producing asset in a vibrant area with strong rental demand from students and professionals.

This home has been viewed 5 times

Last Checked: June 27th, 2026 at 4:29am (Source: MLS PIN #73489300)

Gross Income: $84,600

Gross Expenses: $14,838

Net Income Calc: $69,762

Annual Expenses for 1038 Main Street, Worcester MA 01603

Total Gross Expenses (Calculated)$14,838/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14838.75

Annual Income & Unit Breakdown for 1038 Main Street, Worcester MA 01603

Total Gross Income (Calculated)$84,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 1038 Main Street, Worcester MA 01603

Listing ID73489300

Property TypeMulti Family / 4 Family

Price1100000 ($189.59/SqFt)

Style4 Family - Rooming House

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total5802

Approximate Lot Size (Acres)0.09

Total Parking2

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningBG-2

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 1038 Main Street, Worcester MA 01603

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSome Of The Sellers' Personal Items Are Not Included In The Sale.

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 1038 Main Street, Worcester MA 01603

Real Estate Taxes14838.75

Tax Year2026

Assessed Value$1,125,000

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 1038 Main Street, Worcester MA 01603

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 1038 Main Street, Worcester MA 01603

Agent

Name: Michael Tinsley

Office

Name: Longwood Residential, LLC

Phone: 617-396-3100

Payment Calculator

, Interest

Property Taxes 1236.56

Principal & Interest 6777.85

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Longwood Residential, LLC

Michael Tinsley

Agent Phone

Office Phone

(617) 396-3100

Text Agent Call Agent Call Office

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    [description] => Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include newer vinyl siding, newer vinyl replacement windows, and a newer rubber roof. Interiors feature fresh paint, recently refinished hardwood floors, and updated hardware. Two parking spots (tandem) behind property can provide additional rental income. Ideal for investors seeking a hassle-free, income-producing asset in a vibrant area with strong rental demand from students and professionals.
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    [unparsed] => 1038 Main Street, Worcester MA 01603
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EXIT

38 More Photos

Withdrawn

1038 Main Street, Worcester MA 01603

$1,100,000

Annual Expenses for 1038 Main Street, Worcester MA 01603

Annual Income & Unit Breakdown for 1038 Main Street, Worcester MA 01603

General Information for 1038 Main Street, Worcester MA 01603

Disclosures for 1038 Main Street, Worcester MA 01603

Financial Information for 1038 Main Street, Worcester MA 01603

Location Information for 1038 Main Street, Worcester MA 01603

Contact Information for 1038 Main Street, Worcester MA 01603

Agent

Office

Payment Calculator

Exclusive Listing Agent

Longwood Residential, LLC

Michael Tinsley