$825,000
38 Benefit St
Worcester, MA, 01610
This centrally located value-add 6-unit property at 38 Benefit in Worcester, Massachusetts, consists of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 5,216 sq. ft. of living space on a 0.11-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property benefits from brand new high efficiency Navien hot water heaters. Three of the six units have been recently renovated featuring new kitchens, updated bathrooms, and new flooring. There is an opportunity to dramatically increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units as all units are currently TAW. Listed at a 7.95% cap rate, this property represents a strong investment opportunity in the growing Worcester market.
Property Details
Price:
$825,000
MLS #:
73501042
Status:
Active
Beds:
8
Baths:
6
Address:
38 Benefit St
Type:
Multi Family
Subtype:
5-9 Family
City:
Worcester
Listed Date:
Apr 14, 2026
State:
MA
Finished Sq Ft:
5,216
Total Sq Ft:
5,216
ZIP:
01610
Lot Size:
4,920 sqft / 0.11 acres (approx)
Year Built:
1900
Units:
6
Schools
Interior
Bathrooms
6 Full Bathrooms
Exterior
Parking Features
Off Street
Parking Spots
4
Financial
Tax Year
2026
Taxes
$6,690
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 Horvath & Tremblay. 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.
38 Benefit St
Worcester, MA
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