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12 Winter St 12 Winter St 6 Unit Apartment Building $1,358,000 CAD ($226,333 CAD/Unit) 6.22% Cap Rate Worcester, MA 01604



Investment Highlights
- Access & Connectivity
- Nearby Event Venues
- Durable Brick Construction
- Area Amenities & Demand Drivers
- Upside Potential with Rent Growth
- Strong Rental Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 12 Winter Street in Worcester, MA (the “Property”). The three-story building contains five (5) 2-Bedroom/1-Bathroom units and one (1) Retail unit with 5,655 square feet of gross living area in 7,847 square feet of gross area. The Property is situated upon a 0.09-acre parcel and features five (5) off-street parking spaces. This property was gut renovated following the owner’s acquisition of the property in 2017. Current rents for the residential units are significantly below current market rates. The opportunity presents itself to dramatically raise rents to current market rates with minimal renovations needed to the units. Additionally, tenants pay all utilities except domestic water and sewer, with separate metering in place, further enhancing net operating income. 12 Winter Street is well-positioned in Worcester’s downtown area, offering strong access to the city’s central business district, vibrant retail corridors, and surrounding residential neighborhoods. The property benefits from convenient connectivity to major regional routes including Interstate 290, the Massachusetts Turnpike (I-90), and Route 9, as well as proximity to Worcester Union Station, providing direct MBTA Commuter Rail service to Boston and access to regional bus transit throughout Central Massachusetts
Property Facts
| Price | $1,358,000 CAD | Building Class | C |
| Price Per Unit | $226,333 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 7,847 SF |
| Cap Rate | 6.22% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | BG-4 | ||
| Price | $1,358,000 CAD |
| Price Per Unit | $226,333 CAD |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 7,847 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | BG-4 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WORC-000004-000018-000029-000030 | Improvements Assessment | $1,055,699 CAD |
| Land Assessment | $56,492 CAD | Total Assessment | $1,112,191 CAD |
Property Taxes
Parcel Number
WORC-000004-000018-000029-000030
Land Assessment
$56,492 CAD
Improvements Assessment
$1,055,699 CAD
Total Assessment
$1,112,191 CAD
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