USAMAWorcester22 Florence St
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$1,000,000

Pending

15 days ago

22 Florence St, Worcester, MA

House

MLS® 73561773

10 Bed

5 Bath

3254 sqft

0

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3254 sqft
Garage 
Taxes $7,635
Lot Size 0.16 Acres
Approx. Age 1890
Avg. Price Per Sqft $307
MLS® Number 73561773

Property Address: 22 Florence St, Worcester, MA, 01610-4096

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number73561773
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
BasementUnfinished
DrivewayOn Street
Garage Spaces
HeatNatural Gas, Electric
A/CDuctless

Extras

Price History

-End Date
-Sold Price

Pending

Aug 11, 2026List Date
$1,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
22 Florence St, Worcester, MA

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