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Investment Highlights

  • Access & Connectivity
  • Nearby Higher Education
  • Parking Revenue
  • Area Amenities & Demand Drivers
  • Upside Potential with Rent Growth
  • Strong Rental Demographics & Demand

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 3 Chelsea Street in Worcester, MA (the “Property”). The two-story building contains two (2) 2-Bedroom/1-Bathroom units and five (5) Studio units with 3,652 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 garage bays and an additional garage space which are both fully leased to two long term tenants. 3 Chelsea Street is well-positioned in Worcester’s Green Island neighborhood, offering strong access to the city’s downtown core, neighborhood retail corridors, and surrounding residential communities. The property benefits from convenient connectivity to major regional routes including Interstate 290, the Massachusetts Turnpike (I-90), and Route 146, as well as proximity to Worcester Union Station, providing direct MBTA Commuter Rail service to Boston and access to regional bus transit.

Property Facts

Price $1,358,000 CAD
Price Per Unit $194,000 CAD
Sale Type Investment
Cap Rate 7.01%
No. Units 7
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 2
Year Built 1910
Parking Ratio 0.64/1,000 SF
Zoning RG-5
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
WORC-000007-000036-000024-000031
Land Assessment
$121,327 CAD
Improvements Assessment
$492,970 CAD
Total Assessment
$614,297 CAD
  • Listing ID: 40321134

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: 3 Chelsea St, Worcester, MA 01610

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