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27 North StWorcester, MA 01605

For Sale

$4,500,000

Smart Buyer Rebate $22,500

Prime Investment Opportunity – 21 Units on Poet Hill, Worcester Rare portfolio of 21 well-maintained, de-leaded residential units across four adjacent parcels in Worcester’s desirable Poet Hill neighborhood. Just 0.2 miles from Trolley Yard, minutes to downtown, and under 10 minutes to 8 colleges and 4 major hospitals. Features strong in-place income ($33,800/month), with upside potential and rent growth($38,734/month proforma). Proforma CAP Rate of 8.7% On-site parking with expansion potential. Clustered assets offer efficient management and turnkey appeal for both local and out-of-town investors. Ideal location in one of Worcester’s hottest rental markets.

Listed by Brian Allen

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Property Investors & Advisors, LLC

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508-868-0927

Last updated August 27, 2025

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Source: MLSPin #73374469

Listing Facts

  • TypeMulti-family
  • NeighborhoodIndian Lake East
  • Bedrooms46
  • Bathrooms21
  • Days on Prevu116
  • Taxes$41,788/year
  • Size15,080 sqft
  • Price per sqft$298

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/14/2025
Listed by Property Investors & Advisors, LLC
$4,500,000

Property Details for 27 North St

Association

Amenities

  • Community Features: Public Transportation

Exterior

Construction

  • Number Of Units Total: 21
  • Roof: Shingle
  • Stories: 5
  • Stories Total: 5
  • Year Built: 1900
  • Year Built Details: Approximate

Measurements

  • Building Area Total: 15,080
  • Building Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.50
  • Lot Size Area: 0
  • Lot Size Square Feet: 21,625
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $464,808.00
  • Operating Expense: $144,272.00

Taxes

  • Parcel Number: M:09 B:026 L:00003,1771306
  • Tax Annual Amount: $41,788.00
  • Tax Assessed Value: $3,167,400.00
  • Tax Year: 2025

Interior

Measurements

  • Living Area: 15,080
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 21
  • Bathrooms Total Integer: 21
  • Bedrooms Total: 46
  • Rooms Total: 88

Other

General

  • Exclusions: Tenant's Personal Property

Parking

Parking

  • Parking Total: 20

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.