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Active

5 Freeland Ter, Worcester MA 01603

$700,000

Estimated $1,676/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $233,333.33

Total Rent: 0/year

Estimated CAP Rate:

9 Bedrooms

Baths

3198

Total Parking: 0

2,860 (0.07)

You can send your kids to college completely for free just by living in this freshly updated, fully vacant three-decker home at 5 Freeland Terrace. This is a life-changing opportunity for a hardworking family to stop paying rent, build real wealth, and secure a bright future. By living in one spacious unit and renting out the other two floors, your tenants will help pay your mortgage while you gain a path to higher education that usually feels out of reach. This rare property sits in a special neighborhood zone where anyone who lives here for five consecutive years qualifies to attend Clark University tuition-free. This massive benefit applies to you, your kids, extended family, and even your tenants, making it incredibly easy to find renters. To qualify for this amazing program, a person just needs to live in this neighborhood zone for at least five full, continuous years before starting college, apply and meet Clark University's standard academic rules to get in, and remember that while the scholarship pays for 100% of the tuition, families still cover housing, food, and books. Units 1 & 3 are certified deleaded and because the entire building is recently renovated and completely empty, you can move right in, choose your own tenants, or maximize your cash flow by exploring room-by-room student rentals.

This home has been viewed 5 times

Last Checked: September 19th, 2026 at 6:18am (Source: MLS PIN #73568993)

Gross Income: $0

Gross Expenses: $6,488

Net Income Calc: $6,488

Annual Expenses for 5 Freeland Ter, Worcester MA 01603

Total Gross Expenses (Calculated)$6,488/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6488

Annual Income & Unit Breakdown for 5 Freeland Ter, Worcester MA 01603

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 5 Freeland Ter, Worcester MA 01603

Listing ID73568993

Property TypeMulti Family / 3 Family

Price700000 ($218.89/SqFt)

Style3 Family

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3198

Approximate Lot Size (Acres)0.07

Total Parking0

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRG-5

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 5 Freeland Ter, Worcester MA 01603

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator In Basement And Table In The Kitchen.

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 5 Freeland Ter, Worcester MA 01603

Real Estate Taxes6488

Tax Year2025

Assessed Value$491,900

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 5 Freeland Ter, Worcester MA 01603

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 5 Freeland Ter, Worcester MA 01603

Agent

Name: John Snyder

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 540.67

Principal & Interest 4313.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

John Snyder

Agent Phone

Office Phone

(617) 340-7803

Text Agent Call Agent Call Office

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EXIT

19 More Photos

Active

5 Freeland Ter, Worcester MA 01603

$700,000

Annual Expenses for 5 Freeland Ter, Worcester MA 01603

Annual Income & Unit Breakdown for 5 Freeland Ter, Worcester MA 01603

General Information for 5 Freeland Ter, Worcester MA 01603

Disclosures for 5 Freeland Ter, Worcester MA 01603

Financial Information for 5 Freeland Ter, Worcester MA 01603

Location Information for 5 Freeland Ter, Worcester MA 01603

Contact Information for 5 Freeland Ter, Worcester MA 01603

Agent

Office

Payment Calculator

Exclusive Listing Agent

Redfin Corp.

John Snyder