Discover a rare investment opportunity in the heart of Main South Worcester with this expansive nine-bedroom, three-family property located just moments from Clark University, Elm Park, and convenient public transportation. The first and second floors boast high ceilings and substantial floor plans where bedrooms are thoughtfully spaced to maximize occupant privacy, while the third-floor attic unit surprises with its spacious, open atmosphere highlighted by skylights and a large kitchen. While all three units are currently generating rental income significantly below market rates, the property is primed for immediate value-add potential and optimized cash flow. Key recent updates include a renovated first-floor bathroom, a 2023 heating system for the second floor, and freshly repaired front steps, complementing a newer roof, siding, windows, and boiler. With separately metered utilities and minimal exterior maintenance requirements, this turnkey asset awaits its max potential!
This home has been viewed 5 times
Last Checked: June 18th, 2026 at 6:18am (Source: MLS PIN #73501875)
Gross Income: $54,000
Gross Expenses: $7,247
Net Income Calc: $46,753
Annual Expenses for 45 May St, Worcester MA 01610
Total Gross Expenses (Calculated)$7,247/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax7247
Annual Income & Unit Breakdown for 45 May St, Worcester MA 01610
Total Gross Income (Calculated)$54,000
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
Rent IncludesHeat
General Information for 45 May St, Worcester MA 01610
Listing ID73501875
Property TypeMulti Family / 3 Family
Price615000 ($182.76/SqFt)
Style3 Family
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total3365
Approximate Lot Size (Acres)0.08
Total Parking0
Garage Parking0
Year Built1890
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
Zoning1050
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 45 May St, Worcester MA 01610
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsRefrigerator And Some Personal Belongings
Financial Data SourceEstimated
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 45 May St, Worcester MA 01610
Real Estate Taxes7247
Tax Year2026
Assessed Value$545,700
Financial Data SourceEstimated
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 45 May St, Worcester MA 01610
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 45 May St, Worcester MA 01610