MA
Worcester
Worcester
01610
5 Claremont Street
5 Claremont Street, Worcester, MA 01610
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Listing Type
Multi Family
Listing Status
Active
28
$1,580,000

Home Details for 5 Claremont Street

Price
$1,580,000
Type
Residential Income
Bedrooms
17
Total Bathrooms
4
Full Bathrooms
4
Square feet
10450
Year built
1896
Lot size acres
0.68
County
Worcester
Total rooms
30
Basement
Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
MLS Listing#
73514871
Property Description

Rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Main South neighborhood near Clark University. Featuring a 17 bedroom lodging-style property generating strong in-place income, making it an ideal addition to any investor’s portfolio. The property offers a diversified rent roll with consistent demand driven by its prime location, access to public transportation, and proximity to local universities, employers, and amenities. Current operations provide immediate cash flow, with additional upside through rent optimization and improved management efficiencies. Situated on an oversized lot, this asset presents compelling future development potential, including the possibility to expand, add additional units, or explore condo conversion (buyer to perform due diligence). The combination of strong existing income and long-term redevelopment optionality makes this a unique offering in today’s market.

Property Features
  • Basement
    • Full
    • Walk-Out Access
    • Interior Entry
    • Concrete
    • Unfinished
  • Parking
    • Paved
    • Shared Driveway
    • Off Street
    • Common
  • Cooling Information
    • Zoned
    • Multi Units
  • Heating Information
    • Zoned
  • Water Features
    • Public
Listing Courtesy: Coldwell Banker Realty - Belmont - 617-484-5300
Presented by: DelRose McShane Team
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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