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Active

15 May St, Worcester MA 01610

$1,090,000

Estimated $2,550/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $218,000

Total Rent: 90000/year

Estimated CAP Rate:

15 Bedrooms

Baths

4571

Total Parking: 5

6,256 (0.14)

Five-unit investment opportunity with tremendous value-add potential! Offering 4,571 SF, 15 bedrooms, 5.5 bathrooms, and ample off-street parking on a corner lot in Worcester's sought-after University Park neighborhood. Two fully renovated vacant units (a 5-bedroom and a 2-bedroom) provide immediate lease-up potential. The remaining units include two 2-bedroom apartments (one with two levels of living) and a 4-bedroom apartment, all occupied on a tenant-at-will basis, providing flexibility and upside. Separately metered utilities allow tenants to pay their own heat, hot water, and electricity, helping minimize operating expenses. Four of the five units are lead compliant. A full walkout basement offers shared laundry, storage, and additional income potential. Conveniently located near Clark University, public transportation, shopping, and restaurants. One Open House Only: Saturday, July 11, 1:00 PM–2:00 PM.

This home has been viewed 19 times

Last Checked: July 19th, 2026 at 5:03am (Source: MLS PIN #73545346)

Gross Income: $90,000

Gross Expenses: $16,586

Net Income Calc: $73,414

Annual Expenses for 15 May St, Worcester MA 01610

Total Gross Expenses (Calculated)$16,586/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9386

Annual Income & Unit Breakdown for 15 May St, Worcester MA 01610

Total Gross Income (Calculated)$90,000

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 15 May St, Worcester MA 01610

Listing ID73545346

Property TypeMulti Family

Price1090000 ($238.46/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total4571

Approximate Lot Size (Acres)0.14

Total Parking5

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRG-5

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 15 May St, Worcester MA 01610

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher / Dryer

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 15 May St, Worcester MA 01610

Real Estate Taxes9386

Tax Year2025

Assessed Value$711,600

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 15 May St, Worcester MA 01610

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 15 May St, Worcester MA 01610

Agent

Name: Ben Hicks

Office

Name: Bridgemont Realty LLC

Phone: 617-529-0751

Payment Calculator

, Interest

Property Taxes 782.17

Principal & Interest 6716.23

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Bridgemont Realty LLC

Ben Hicks

Agent Phone

Office Phone

(617) 529-0751

Text Agent Call Agent Call Office

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EXIT

17 More Photos

Active

15 May St, Worcester MA 01610

$1,090,000

Annual Expenses for 15 May St, Worcester MA 01610

Annual Income & Unit Breakdown for 15 May St, Worcester MA 01610

General Information for 15 May St, Worcester MA 01610

Disclosures for 15 May St, Worcester MA 01610

Financial Information for 15 May St, Worcester MA 01610

Location Information for 15 May St, Worcester MA 01610

Contact Information for 15 May St, Worcester MA 01610

Agent

Office

Payment Calculator

Exclusive Listing Agent

Bridgemont Realty LLC

Ben Hicks