$799,999
1 Cheney St
Worcester, MA, 01610
*Ask about 1st Time Homebuyer programs w/ grants up to $50,000, 3% down payment & closing costs covered* Exceptional investment or owner-occupant opportunity in the heart of Worcester! Perfectly situated just steps from Clark University within the tuition-free zone, this property draws consistent rental demand from students, professionals, and families alike. The well-maintained three-family home offers spacious 4-bedroom units, each with in-unit laundry and separate utilities for added convenience. Enjoy five off-street parking spaces—a rare amenity in this neighborhood. With market rents of approximately $2,500 per unit, the property projects a cap rate of 8–9%. Conveniently located near public transportation, shopping, restaurants, and major highways—this is an exceptional income-producing opportunity in one of Worcester’s fastest-growing areas.
Property Details
Price:
$799,999
MLS #:
73453782
Status:
Active
Beds:
12
Baths:
3
Address:
1 Cheney St
Type:
Multi Family
Subtype:
3 Family
City:
Worcester
Listed Date:
Nov 11, 2025
State:
MA
Finished Sq Ft:
4,368
Total Sq Ft:
4,368
ZIP:
01610
Lot Size:
4,818 sqft / 0.11 acres (approx)
Year Built:
1915
Units:
3
Schools
Interior
Bathrooms
3 Full Bathrooms
Flooring
Wood, Laminate
Exterior
Community Features
Public Transportation, Shopping, Park, Laundromat, Highway Access, Public School, University, Sidewalks
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
5
Roof
Shingle
Financial
Tax Year
2025
Taxes
$7,885
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of PRIVI Realty LLC. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
1 Cheney St
Worcester, MA
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