Fully Renovated 7-Unit in Worcester – New Heating Systems, Garage, and Off-Street Parking. 75 Chatham Street is a fully renovated 7-unit multifamily generating $9587/month in current rent, with additional upside once the vacant unit is leased. Every unit has been renovated, and five of the building's heating systems are newly installed, cutting near-term capital needs for a buyer. The property offers a rare amount of parking for an urban multifamily — a two-bay garage with a loft above it, plus 10 off-street spaces — along with coin-op laundry for added income and convenience. All utilities are individually metered, keeping operating expenses predictable for ownership. A walk-up attic adds further upside, offering potential square footage that could be finished down the line. Located near public transportation, shopping, and medical facilities, 75 Chatham Street is positioned for stable, long-term tenant demand in a well-established Worcester rental pocket. Open House Saturday, August 15th & Sunday, August 16th, 12:00 PM–1:30 PM.
This home has been viewed 25 times
Last Checked: September 14th, 2026 at 4:49am (Source: MLS PIN #73555872)
Gross Income: $71,844
Gross Expenses: $17,000
Net Income Calc: $54,844
Annual Expenses for 75 Chatham St, Worcester MA 01609
Total Gross Expenses (Calculated)$17,000/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax17000
Annual Income & Unit Breakdown for 75 Chatham St, Worcester MA 01609
Total Gross Income (Calculated)$71,844
Unit 1
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor0
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor0
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseY
Bathrooms1 Full
Rent IncludesHeat
Unit 4
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Rent IncludesHeat
General Information for 75 Chatham St, Worcester MA 01609
Listing ID73555872
Property TypeMulti Family / 5+ Family
Price1349995 ($212.33/SqFt)
Style5-9 Family
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total6358
Approximate Lot Size (Acres)0.56
Total Parking14 (2 Garage)
Garage Parking2
Year Built1905
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Area2569
Foundation Description
Accessible Features
Outdoor Space
ZoningRG-5
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 75 Chatham St, Worcester MA 01609
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWine Refrigerator
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 75 Chatham St, Worcester MA 01609
Real Estate Taxes17000
Tax Year2026
Assessed Value$806,500
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 75 Chatham St, Worcester MA 01609
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 75 Chatham St, Worcester MA 01609