27 Shelby St, Worcester, MA 01605
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$949,000
4 Unit
11 Beds
4 Baths
5149 SQFT
0.12 Acre

Property Description

Fantastic investment opportunity in one of Worcester’s most desirable neighborhoods! This well-maintained 4-family property offers a strong 9.5% cap rate with solid, reliable tenants and steady income. Each unit is spacious and has been updated in recent years, blending modern comforts with classic charm. Ideal for both seasoned investors looking for a high-yield asset and first-time home buyers seeking to offset mortgage costs with rental income. Conveniently located near schools, shopping, and public transportation, this property provides long-term value and potential. Don’t miss your chance to own a turnkey multi-family in a thriving community!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 11
  • Total Full Baths: 4
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Interior Access

Financial

  • APOD Available: Yes
  • Gross Operating Income: 113400
  • Gross Expenses: 12000
  • Water/Sewer: 8000
  • INSC: 4000
  • Net Operating Income: 113400

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73391157
  • Last Updated: 06/30/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/30/2025Active$949,000$184MLSPIN
06/26/2025Back on Market$949,000$184MLSPIN
06/20/2025Under Agreement$949,000$184MLSPIN
06/19/2025Active$949,000$184MLSPIN
06/15/2025New$949,000$184MLSPIN
03/07/2023Sold$621,000$118MLSPIN
01/11/2023Under Agreement$599,900$114MLSPIN
01/07/2023Active$599,900$114MLSPIN
01/03/2023New$599,900$114MLSPIN

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Seller's Representative: Rodrigo Azevedo, Pablo Maia Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-30 03:05:00