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3 Chelsea St, Worcester MA 01610

$950,000

Estimated $2,355/month Calculator

Multi Family

Total Units: 7

Price Per Unit: $135,714.29

Total Rent: 60000/year

Estimated CAP Rate:

9 Bedrooms

Baths

3652

Total Parking: 15 (5 Garage)

8,976 (0.21)

This well located 7-unit property at 3 Chelsea St in Worcester, Massachusetts, consists of four studio apartments and two 2-bedroom/1-bathroom units on a 0.21-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property also features two sources of parking income. The five front garage bays are rented to one operator for $700/month and there is a large contractor garage behind the property rented for $750/month. The property also features a new roof. There is an opportunity to dramatically increase rents through systematic improvements to unit interiors. Additionally, the property is situated just .3 miles from the College of Holy Cross. Listed at a 8.21% cap rate at $135,714 per unit, this property represents a strong investment opportunity in the growing Worcester market.

This home has been viewed 13 times

Last Checked: June 25th, 2026 at 8:28am (Source: MLS PIN #73516009)

Gross Income: $60,000

Gross Expenses: $33,108

Net Income Calc: $26,892

Annual Expenses for 3 Chelsea St, Worcester MA 01610

Total Gross Expenses (Calculated)$33,108/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9771

Annual Income & Unit Breakdown for 3 Chelsea St, Worcester MA 01610

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 3 Chelsea St, Worcester MA 01610

Listing ID73516009

Property TypeMulti Family / 5+ Family

Price950000 ($260.13/SqFt)

Style5-9 Family

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3652

Approximate Lot Size (Acres)0.21

Total Parking15 (5 Garage)

Garage Parking5

Year Built1887

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 3 Chelsea St, Worcester MA 01610

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsFireplace Mantel In Living Room Is Excluded.

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 3 Chelsea St, Worcester MA 01610

Real Estate Taxes9771

Tax Year2026

Assessed Value$710,600

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 3 Chelsea St, Worcester MA 01610

Neighborhood(s)

Area Amenities

Contact Information for 3 Chelsea St, Worcester MA 01610

Agent

Name: Ethan Lazar

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 814.25

Principal & Interest 5853.6

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Ethan Lazar

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

12 More Photos

Pending

3 Chelsea St, Worcester MA 01610

$950,000

Annual Expenses for 3 Chelsea St, Worcester MA 01610

Annual Income & Unit Breakdown for 3 Chelsea St, Worcester MA 01610

General Information for 3 Chelsea St, Worcester MA 01610

Disclosures for 3 Chelsea St, Worcester MA 01610

Financial Information for 3 Chelsea St, Worcester MA 01610

Location Information for 3 Chelsea St, Worcester MA 01610

Contact Information for 3 Chelsea St, Worcester MA 01610

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Ethan Lazar