45 May St Worcester, MA 01610
University Park NeighborhoodEstimated payment $3,945/month
Highlights
- Medical Services
- 2 Fireplaces
- Home Office
- Property is near public transit and schools
- Mud Room
- Skylights
About This Home
Discover a rare investment opportunity in the heart of Main South Worcester with this expansive nine-bedroom, three-family property located just moments from Clark University, Elm Park, and convenient public transportation. The first and second floors boast high ceilings and substantial floor plans where bedrooms are thoughtfully spaced to maximize occupant privacy, while the third-floor attic unit surprises with its spacious, open atmosphere highlighted by skylights and a large kitchen. While all three units are currently generating rental income significantly below market rates, the property is primed for immediate value-add potential and optimized cash flow. Key recent updates include a renovated first-floor bathroom, a 2023 heating system for the second floor, and freshly repaired front steps, complementing a newer roof, siding, windows, and boiler. With separately metered utilities and minimal exterior maintenance requirements, this turnkey asset awaits its max potential!
Open House Schedule
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Sunday, April 19, 20261:30 to 3:00 pm4/19/2026 1:30:00 PM +00:004/19/2026 3:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,247
Year Built
- Built in 1890
Lot Details
- 3,308 Sq Ft Lot
- Sloped Lot
Home Design
- Stone Foundation
Interior Spaces
- 3,365 Sq Ft Home
- Property has 1 Level
- Skylights
- 2 Fireplaces
- Mud Room
- Living Room
- Dining Room
- Home Office
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Freezer
Bedrooms and Bathrooms
- 8 Bedrooms
- 9 Full Bathrooms
Parking
- Common or Shared Parking
- Open Parking
Location
- Property is near public transit and schools
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Radiant Heating System
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number 1768128
Community Details
Building Details
- Operating Expense $14,255
- Net Operating Income $39,745
Additional Features
- 3 Units
- Medical Services
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,975 | $528,800 | $61,400 | $467,400 |
| 2024 | $6,769 | $492,300 | $61,400 | $430,900 |
| 2023 | $6,272 | $437,400 | $53,400 | $384,000 |
| 2022 | $5,658 | $372,000 | $42,700 | $329,300 |
| 2021 | $4,679 | $287,400 | $34,200 | $253,200 |
| 2020 | $4,354 | $256,100 | $33,900 | $222,200 |
| 2019 | $3,866 | $214,800 | $29,600 | $185,200 |
| 2018 | $3,916 | $207,100 | $29,600 | $177,500 |
| 2017 | $3,694 | $192,200 | $29,600 | $162,600 |
| 2016 | $3,652 | $177,200 | $22,300 | $154,900 |
| 2015 | $3,556 | $177,200 | $22,300 | $154,900 |
| 2014 | $3,462 | $177,200 | $22,300 | $154,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/15/2026 04/15/26 | For Sale | $630,000 | +20.0% | $187 / Sq Ft | |
| 12/16/2022 12/16/22 | Sold | $525,000 | -1.9% | $156 / Sq Ft | View Prior Sale |
| 10/31/2022 10/31/22 | Pending | -- | -- | -- | |
| 10/26/2022 10/26/22 | For Sale | $535,000 | -- | $159 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $525,000 | None Available | |
| Quit Claim Deed | $185,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $393,750 | Purchase Money Mortgage | |
| Previous Owner | $160,000 | New Conventional |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73501875
APN: WORC-000006-000038-000051
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