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345 Park AveWorcester, MA 01610

For Sale

$1,200,000

Smart Buyer Rebate $6,000

This well-located 6-unit property at 345 Park Avenue features a mix of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, totaling 3,296 sq ft of living space. Four of the six units have been extensively renovated with granite countertops, new bathrooms, updated flooring, and modern finishes. All units are separately metered for gas heat, hot water, and electricity, with tenants paying their own utilities. The property includes six off-street parking spaces. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,330 monthly. Ideally positioned on the edge of the Piedmont neighborhood, it’s just a block from the intersection of Park Avenue and Chandler Street and a short walk to Clark University, with WPI located just a mile away. With continued rent growth potential and strong rental demand driven by over 36,000 local students, 345 Park Avenue offers a compelling investment opportunity.

Listed by Ethan Lazar

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Horvath & Tremblay

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617-910-1219

Last updated September 01, 2025

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Source: MLSPin #73410330

Listing Facts

  • TypeMulti-family
  • NeighborhoodMain Middle
  • Bedrooms10
  • Bathrooms6
  • Days on Prevu40
  • Taxes$13,488/year
  • Size3,296 sqft
  • Price per sqft$364

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

07/28/2025
Listed by Horvath & Tremblay
$1,200,000

Property Details for 345 Park Ave

Exterior

Construction

  • Number Of Units Total: 6
  • Stories: 6
  • Stories Total: 6
  • Year Built: 1890
  • Year Built Details: Approximate

Measurements

  • Building Area Total: 3,296
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0
  • Lot Size Square Feet: 4,825
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $123,960.00
  • Operating Expense: $31,494.00

Taxes

  • Parcel Number: M:06 B:012 L:00002,1767195
  • Tax Annual Amount: $13,488.00
  • Tax Assessed Value: $1,022,600.00
  • Tax Year: 2025

Interior

Measurements

  • Living Area: 3,296
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 10
  • Rooms Total: 26

Parking

Parking

  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street
  • Parking Total: 6

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.