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INVESTMENT SNAPSHOT
About this property
Well-maintained three-story multifamily property offering an excellent opportunity for both investors and owner-occupants seeking stable rental income and cash flow in the thriving Worcester market. The property features functional layouts, comfortable living spaces, and strong rental appeal. Additional highlights include off-street parking via rear driveway and basement space providing convenient storage and access to mechanical systems. Ideally located near downtown Worcester, major highways, public transportation, hospitals, universities, restaurants, and shopping, this property benefits from strong tenant demand. Worcester’s expanding job market and ongoing development continue to support stable rental income and long-term appreciation potential.
Property details
| Units | 3 |
| Living area | 4,467 sqft |
| Lot size | 5,255 sqft |
| Year built | 1890 |
| Price / sqft | $213 |
| County | Worcester |
| MLS # | 73489319 |
Listing status
| Days on market | 73 days |
| Listed on | March 19, 2026 |
Taxes & financials
| Annual property tax | $7,805 |
| Tax year | 2025 |
| Assessed value | $591,700 |
| Zoning | RG-5 |
| Gross income (actual) | $87,600/yr |
| Net operating income (actual) | $87,600/yr |
| Total actual rent | $7,300/mo |
Building & lot
| Stories | 6 |
| Total rooms | 18 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Partially Finished |
| Foundation | Brick/Mortar |
| Roof | Shingle |
| Construction | Brick |
| Flooring | Vinyl |
Utilities & systems
| Heating | Steam, Natural Gas |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator |
Location
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Listing courtesy of Property Investors & Advisors, LLC — Miguel Hernandez. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 8 Pelham St, Worcester MA 01609 have?
It is a 3-unit multi-family property with 4,467 sqft of living area, built in 1890.
How long has 8 Pelham St, Worcester MA 01609 been on the market?
8 Pelham St, Worcester MA 01609 has been listed for 73 days (since March 19, 2026).
What is the estimated cap rate on this 3-family in Worcester?
Based on area median rents, the estimated cap rate is about 4.4%, with a Signal Score of 78/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $950,000 across 3 units, that works out to roughly $316,667 per unit.
What are the property taxes on 8 Pelham St, Worcester MA 01609?
Annual property taxes are $7,805 (2025), on an assessed value of $591,700.
What is the price per square foot?
At $950,000 for 4,467 sqft, that's about $213 per square foot.
Is there parking?
5 total parking spaces (paved drive, off street).
Where is this property located?
8 Pelham St, Worcester MA 01609 is in Worcester, Worcester County, MA 01609.
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