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$1,200,000
Est. payment /mo
10 Beds
6 Baths
3,296 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,296 sqft
Price per Sqft $364
MLS Listing ID 73410330
Bedrooms 10
Full Baths 6
Year Built 1890
Annual Tax Amount $13,488
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 5-9 Family
Property Description
This well-located 6-unit property at 345 Park Avenue features a mix of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, totaling 3,296 sq ft of living space. Four of the six units have been extensively renovated with granite countertops, new bathrooms, updated flooring, and modern finishes. All units are separately metered for gas heat, hot water, and electricity, with tenants paying their own utilities. The property includes six off-street parking spaces. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,330 monthly. Ideally positioned on the edge of the Piedmont neighborhood, it's just a block from the intersection of Park Avenue and Chandler Street and a short walk to Clark University, with WPI located just a mile away. With continued rent growth potential and strong rental demand driven by over 36,000 local students, 345 Park Avenue offers a compelling investment opportunity.
Location
State MA
County Worcester
Zoning BG-3
Direction Use GPS
Exterior
Total Parking Spaces 6
Garage No
Building
Story 6
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
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Julie Gross
Broker Associate | License ID: 9517677
Broker Associate License ID: 9517677