Property Description

10 Ellsworth Street is a fully occupied, well-maintained 5-unit multifamily in a high-demand Worcester neighborhood, featuring a rare mix of spacious 4-bedroom units and efficient 1-bedroom layouts. The property generates $10,038 per month in current rents with market potential of $10,700 per month, offering immediate upside through modest rent adjustments and light cosmetic improvements. The building is in excellent condition with updated systems, separate utilities, and minimal deferred maintenance, making it a low-effort, high-return addition to any portfolio. Located minutes from Clark University, Polar Park, downtown Worcester, and major commuter routes, the asset benefits from strong tenant demand and long-term rental stability. With a stabilized NOI of $83,577 and projected Year-2 NOI of $87,032, this property provides a compelling blend of cash flow, location, and future appreciation—perfect for investors looking to scale with a reliable Worcester asset.