Exceptional opportunity to own a completely renovated 3-family property less than a quarter mile from Clark University. Additional value-add potential exists in the attic, with due diligence already underway and architectural plans initiated for a potential 4th unit, subject to required municipal approvals. The property features three spacious 4-bedroom units, each completely gut-renovated with open-concept layouts, tall ceilings, hardwood floors, recessed lighting, and abundant natural light. Modern kitchens feature oversized islands, quartz countertops, stainless steel appliances, and in-unit laundry rooms. Major improvements include new plumbing, heating, electrical, spray foam insulation, windows, roof, siding, and plaster. All utilities have been separately metered, allowing tenants to be responsible for their individual utility usage and helping maximize rental income and operating efficiency for the next owner. With 12 total bedrooms, ample off-street parking, outdoor space, and a highly desirable location near Clark University, Main Street, University Park, and neighborhood amenities, this property offers strong rental potential with all of the major capital improvements already completed. A rare opportunity to acquire a fully renovated, income-producing 3-family in a prime Worcester location. Project to be complete 10/28.
This home has been viewed 7 times
Last Checked: October 22nd, 2026 at 5:58pm (Source: MLS PIN #73588012)
Gross Income: $0
Gross Expenses: $4,646
Net Income Calc: $4,646
Water Views
Annual Expenses for 39 Gates St, Worcester MA 01610
Total Gross Expenses (Calculated)$4,646/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax4646
Annual Income & Unit Breakdown for 39 Gates St, Worcester MA 01610
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor3
Levels in Unit1
Rent IncludesHeat
General Information for 39 Gates St, Worcester MA 01610
Listing ID73588012
Property TypeMulti Family / 3 Family
Price969000 ($231.38/SqFt)
Style3 Family - 3 Units Up/down
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total4188
Approximate Lot Size (Acres)0.21
Total Parking9
Garage Parking0
Year Built1895
Year Built SourcePublic Records
Year Built DetailsApproximate,Renovated Since,Under Construction
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 ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 39 Gates St, Worcester MA 01610
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceMeasured
ExclusionsSurveillance Devices
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 39 Gates St, Worcester MA 01610
Real Estate Taxes4646
Tax Year2026
Assessed Value$352,200
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 39 Gates St, Worcester MA 01610
Elementary SchoolGoddard School Of Science
High SchoolUniversity Pk Campus School
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 39 Gates St, Worcester MA 01610