$2,250,000
605 Millbury st
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,308
Units 7
Cap Rate 8.38%
NOI $192,743
Occupancy 75%
Tenancy Multi
Price per SqFt $218
Class B
Year Built 1920
Year Renovated 2025
Buildings 1
Stories 4
Acreage 5976.000
Zoning BL-1
Investment Type Stabilized
Occupancy Date 06/02/2026
HIGH-YIELD WORCESTER PORTFOLIO ADDITION
Marketing description
Turnkey, gut renovated 8-unit multifamily producing approximately $20,300/month / $243,600/year . All units are 3-bedroom layouts, including two newly completed 3BR/2BA units, for a total of 24 bedrooms. Major updates include new plumbing, new electrical, new sprinkler system, separate utilities, full insulation, renovated kitchens/baths, in-unit washer/dryer in each unit, and new appliances. Strong stabilized asset and perfect opportunity for a 1031 exchange buyer seeking current cash flow, scale, and modernized systems. Convenient Worcester location near highways, shopping, public transportation, and amenities.
Investment highlights
HIGH-YIELD WORCESTER PORTFOLIO ADDITION
- Strong Financial Performance: Delivering an immediate 8.38% Cap Rate on current numbers.
- Generates $192,742.84 in Net Operating Income with efficient, separated utility structures.
- Unmatched Market Fundamentals: Worcester continues to dominate regional demand with an insulated ~3% vacancy rate, ensuring practically zero historical turnover risk and consistent, reliable rent growth.
Listing Contacts
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$192,742.84
$16,061.90/mo
Valuation Metrics
0
DSCR
8.57%
Cap Rate
8.57%
ROI
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