Exceptional Income Opportunity with Business Potential! This versatile 3-family property with extra 2000sqft commercial unit at 23 Suffolk St is a standout for investors or owner-occupants. The building features a fully renovated unit, while a second unit has been enhanced with brand-new hardwood floors. Each residential level offers a spacious 3-bedroom layout with energy-efficient windows.The property’s unique advantage is the full, walk-out basement designed for business use. With its own entrance and durable concrete and hardwood flooring, this space is ideal to be renovated to a studio, office, kitchen, or workshop. Strategically located in a BG-2 zone just steps from Union Station and a massive new 360+ unit residential development currently under construction, this location offers incredible future foot traffic and visibility. Includes a 1-car garage and additional off-street parking on a private side street.Listing agent is also the seller of the property
This home has been viewed 4 times
Last Checked: May 27th, 2026 at 4:29am (Source: MLS PIN #73494275)
Gross Income: $42,000
Gross Expenses: $8,809
Net Income Calc: $33,191
Water Views
Annual Expenses for 23 Suffolk St, Worcester MA 01604
Total Gross Expenses (Calculated)$8,809/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax8809.6
Annual Income & Unit Breakdown for 23 Suffolk St, Worcester MA 01604
Total Gross Income (Calculated)$42,000
Unit 1
Rental Income$0
LeaseN
Bedrooms0
Bathrooms1 Half
Floor1
Levels in Unit0
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Rent Includes
Unit 4
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor4
Rent Includes
General Information for 23 Suffolk St, Worcester MA 01604
Listing ID73494275
Property TypeMulti Family / 3 Family
Price749000 ($189.72/SqFt)
Style3 Family
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total3948
Approximate Lot Size (Acres)0.06
Total Parking3 (1 Garage)
Garage Parking1
Year Built1910
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningBG-2
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 23 Suffolk St, Worcester MA 01604
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOther
ExclusionsPersonal Property
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 23 Suffolk St, Worcester MA 01604
Real Estate Taxes8809.6
Tax Year2025
Assessed Value$667,900
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 23 Suffolk St, Worcester MA 01604
Neighborhood(s)
Area Amenities
Contact Information for 23 Suffolk St, Worcester MA 01604