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Active

73 Southgate St, Worcester MA 01603

$753,000

Estimated $1,706/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $188,250

Total Rent: 86400/year

Estimated CAP Rate:

10 Bedrooms

Baths

4087

Total Parking: 4

5,105 (0.12)

Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer’s agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.

This home has been viewed 6 times

Last Checked: September 14th, 2026 at 6:13pm (Source: MLS PIN #73567595)

Gross Income: $86,400

Gross Expenses: $5,825

Net Income Calc: $80,575

Water Views

Annual Expenses for 73 Southgate St, Worcester MA 01603

Total Gross Expenses (Calculated)$5,825/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5825

Annual Income & Unit Breakdown for 73 Southgate St, Worcester MA 01603

Total Gross Income (Calculated)$86,400

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit0

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 73 Southgate St, Worcester MA 01603

Listing ID73567595

Property TypeMulti Family / 4 Family

Price753000 ($184.24/SqFt)

Style4 Family

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total4087

Approximate Lot Size (Acres)0.12

Total Parking4

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningMixed USe

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 73 Southgate St, Worcester MA 01603

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsThe Furnishings In The Home Are Negotiable

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 73 Southgate St, Worcester MA 01603

Real Estate Taxes5825

Tax Year2022

Assessed Value$383,000

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 73 Southgate St, Worcester MA 01603

Neighborhood(s)

Area Amenities

Contact Information for 73 Southgate St, Worcester MA 01603

Agent

Name: Mulryan and Maher Group

Office

Name: Lamacchia Realty, Inc.

Phone: 508-832-5324

Payment Calculator

, Interest

Property Taxes 485.42

Principal & Interest 4639.75

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Mulryan and Maher Group

Agent Phone

Office Phone

(508) 832-5324

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Active

73 Southgate St, Worcester MA 01603

$753,000

Annual Expenses for 73 Southgate St, Worcester MA 01603

Annual Income & Unit Breakdown for 73 Southgate St, Worcester MA 01603

General Information for 73 Southgate St, Worcester MA 01603

Disclosures for 73 Southgate St, Worcester MA 01603

Financial Information for 73 Southgate St, Worcester MA 01603

Location Information for 73 Southgate St, Worcester MA 01603

Contact Information for 73 Southgate St, Worcester MA 01603

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lamacchia Realty, Inc.

Mulryan and Maher Group