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49.5-51 Ellsworth St Worcester — Photo 1 of 19

49.5-51 Ellsworth St Worcester — Photo 1 of 19

$650,000

Investment Analysis — 49.5-51 Ellsworth St

Worcester, MA 01610

Based on rent reported on the MLS listing, a 3-unit multi-family in 01610 carries $5,400/mo in gross rent — about a 6.56% cap rate and $42,650/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

3

SqFt

3,000

Style

3 Family

Built

1910

Rare opportunity to own a well-maintained three-family property with an additional adjoining parcel in a convenient Worcester location! Each of the three units offers a similar and functional layout with two bedrooms, a spacious living room, an eat-in kitchen/dining area, and one full bathroom. Recent improvements include freshly painted interiors, new kitchen cabinets and appliances, and a newer rubber roof with a transferable warranty. Separate gas and electric meters provide added convenience, and Letters of Full Deleading Compliance are available for all three units. The property offers approximately 3,000 sq. ft. of total living area and an impressive 10 off-street parking spaces—a valuable feature for a multifamily home. The sale also includes the adjacent parcel at 51 Ellsworth Street, currently classified as undevelopable residential land, providing additional outdoor space and possibilities subject to municipal approval. Centrally located within approximately one mile of City Hall, Hanover Theatre, Union Station, Worcester Public Library, and Polar Park, with easy access to I-290, Route 146, Route 20, and the Mass Pike. An excellent opportunity for an investor or owner-occupant looking to build long-term value in the heart of Worcester. All three units are available for showings—schedule your appointment today!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$650,000
Annual Taxes$6,598

Parking

Garage0
Off-Street10

Interior Specifications

Total Rooms15
FireplacesNone
FlooringTile, Vinyl, Hardwood
BasementFull, Interior Entry, Sump Pump, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationConcrete Perimeter
ZoningRG-5

Property & Lot

Acres0.14
SqFt Lot6,000
Lot FeaturesCleared, Level

Geography

Listing Provided By

Listing Agent: Fabilene Neves

Listing Office: Century 21 North East

MLS® Number: 73577955