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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
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
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100

Property Taxes

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
  • Listing ID: 40321224

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: 12 Winter St, Worcester, MA 01604

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