Unit Information
INVESTMENT OPPORTUNITY | OWNER-OCCUPANT POTENTIAL! Discover the value and income potential of 145 Eastern Ave, Worcester. This multi-family property offers an excellent opportunity for investors or owner-occupants looking to build equity and maximize rental income. The property features three floors. The 1st-floor unit is currently vacant but was previously rented for $2,350/month, while the 2nd floor currently rents for $1,750/month and the 3rd floor rents for $1,900/month. The occupied units are currently rented below market, providing potential for increased rental income over time. Current Gross Rental Income: $3,650/month. Previous 1st-Floor Rent: $2,350/month2025 Property Taxes: $7,025The vacant first floor provides flexibility for an owner-occupant to live in the property while collecting rental income from the other two units, or for an investor to lease the unit and increase overall cash flow. Based on the previous first-floor rent, leasing the vacant unit at $2,350/month would bring the gross rental income to approximately $6,000/month, or $72,000 annually, before considering any future rent increases. The property also offers potential for a fourth unit, creating an additional value-add opportunity, subject to buyer due diligence, zoning, permitting, and applicable city requirements. Additional features include off-street parking, basement/utility areas, and a convenient Worcester location. Whether you're looking to house hack, expand your rental portfolio, or take on a value-add multi-family investment, 145 Eastern Ave offers multiple strategies for creating long-term value. Buyers and buyers' agents are encouraged to conduct their own due diligence regarding rents, expenses, zoning, permits, unit count, and potential fourth-unit conversion.
- Additional Details
- Status: ACT
- Type: Multi-Family, Triplex
- Zip Code: 01605
- Levels: 6
- Parking
- Garage Capacity: 4
- Parking: Off Street
- Parking Spaces: 4
- Rooms and Dimensions
- Total Units: 3
- Total Floors: 6
- Total Rooms: 13
- Has Basement: Yes
Loading...
$695,900
- Listing ID: 73481325
- Bedrooms: 7
- Full Baths: 3
- Living Area: 3,446 sqft Convert
- Lot Size: 4,080 sqft Convert
- Acres: 0.09
View description
Luxury Residential Group
(617) 233-5800
Receive more info or arrange a tour
When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.
LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |