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56 Cohasset St 3 Unit Apartment Building Offered at $1,349,450 CAD Worcester, MA 01604
Executive Summary
Stabilized, turn-key investment with optional, transferable professional property management in place. Three-unit building featuring oversized 4 bed / 2 bath units. Two units are leased and one is occupied tenant-at-will, offering flexibility for rent growth or potential owner occupancy. The property underwent a full gut renovation in 2019, including updated systems, kitchens, baths, and comprehensive insulation with an emphasis on energy efficiency. Each unit offers a highly functional layout with strong rental demand in the Worcester market. The site includes a detached two-car garage and additional off-street parking. Conveniently located on Worcester’s East Side with easy access to Shrewsbury Street, I-290, and UMass Memorial Medical Center, supporting long-term tenant demand and stability.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$123,300
|
$29.57
|
| Other Income |
$675
|
$0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,975
|
$29.73
|
| Taxes |
$15,569
|
$3.73
|
| Operating Expenses |
$34,001
|
$8.15
|
| Total Expenses |
$49,569
|
$11.89
|
| Net Operating Income |
$74,406
|
$17.84
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $123,300 |
| Annual Per SF | $29.57 |
| Other Income (CAD) | |
|---|---|
| Annual | $675 |
| Annual Per SF | $0.16 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $123,975 |
| Annual Per SF | $29.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,569 |
| Annual Per SF | $3.73 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,001 |
| Annual Per SF | $8.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,569 |
| Annual Per SF | $11.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $74,406 |
| Annual Per SF | $17.84 |
Property Facts
| Price | $1,349,450 CAD | Building Size | 4,170 SF |
| Price Per Unit | $449,817 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built/Renovated | 1910/2019 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | RG-5 | ||
| Price | $1,349,450 CAD |
| Price Per Unit | $449,817 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.11 AC |
| Building Size | 4,170 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2019 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | RG-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 6 | $3,425 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | WORC-000018-000013-000003 | Total Assessment | $1,127,476 CAD (2025) |
| Land Assessment | $134,972 CAD (2025) | Annual Taxes | $15,569 CAD ($3.73 CAD/SF) |
| Improvements Assessment | $992,505 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
WORC-000018-000013-000003
Land Assessment
$134,972 CAD (2025)
Improvements Assessment
$992,505 CAD (2025)
Total Assessment
$1,127,476 CAD (2025)
Annual Taxes
$15,569 CAD ($3.73 CAD/SF)
Tax Year
2026
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56 Cohasset St
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