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22 Florence St, Worcester MA 01610

$1,000,000

Estimated $2,258/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $200,000

Total Rent: 88320/year

Estimated CAP Rate:

10 Bedrooms

Baths

3254

Total Parking: 0

6,900 (0.16)

The multi-story building contains five (5) 2-Bedroom/1-Bathroom units with 3,254 square feet of gross living area in 5,526 square feet of gross area. The Property is situated upon a 0.16-acre parcel and has on-street parking. All five units were recently renovated. Renovations include brand new kitchens, new flooring, and new bathrooms. Several of the units were also upgraded with brand new mini split air conditioning units. The Property is currently fully occupied at slightly below market rents offering upside to the purchaser with little to no additional expenditure needed. Net operating income is further improved by separately metered heat, hot water, and electricity which the tenants pay directly. The owner is only responsible for domestic water & sewer. 22 Florence Street is well-positioned in Worcester's established Vernon Hill neighborhood just steps from Clark University. This offers convenient access to downtown Worcester, neighborhood retail corridors, and surrounding residential communities. The opportunity exists to acquire a well maintained and recently improved asset in a desirable urban market. Listed at an 8.34% cap rate.

This home has been viewed 5 times

Last Checked: October 13th, 2026 at 6:53am (Source: MLS PIN #73561773)

Gross Income: $88,320

Gross Expenses: $21,575

Net Income Calc: $66,745

Water Views

Annual Expenses for 22 Florence St, Worcester MA 01610

Total Gross Expenses (Calculated)$21,575/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7635

Annual Income & Unit Breakdown for 22 Florence St, Worcester MA 01610

Total Gross Income (Calculated)$88,320

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 22 Florence St, Worcester MA 01610

Listing ID73561773

Property TypeMulti Family

Price1000000 ($307.31/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3254

Approximate Lot Size (Acres)0.16

Total Parking0

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 22 Florence St, Worcester MA 01610

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsKitchen Table

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 22 Florence St, Worcester MA 01610

Real Estate Taxes7635

Tax Year2026

Assessed Value$574,900

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 22 Florence St, Worcester MA 01610

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 22 Florence St, Worcester MA 01610

Agent

Name: Ethan Lazar

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 636.25

Principal & Interest 6161.68

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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    [unparsed] => 22 Florence St, Worcester MA 01610
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EXIT

20 More Photos

Pending

22 Florence St, Worcester MA 01610

$1,000,000

Annual Expenses for 22 Florence St, Worcester MA 01610

Annual Income & Unit Breakdown for 22 Florence St, Worcester MA 01610

General Information for 22 Florence St, Worcester MA 01610

Disclosures for 22 Florence St, Worcester MA 01610

Financial Information for 22 Florence St, Worcester MA 01610

Location Information for 22 Florence St, Worcester MA 01610

Contact Information for 22 Florence St, Worcester MA 01610

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Ethan Lazar