14 Gage St, Worcester, MA 01605
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$899,000
4 Unit
12 Beds
4 Baths
5178 SQFT
0.11 Acre

Property Description

Amazing opportunity for first-time home buyers and investors alike! This updated 4-family home is located in one of Worcester’s most sought-after neighborhoods and delivers a strong 9.5% cap rate with stable, long-term tenants. Live in one unit and let the rental income from the other three help cover your mortgage—an ideal way to build equity while keeping monthly costs low. The property has been tastefully updated over the years, offering a move-in-ready space with minimal maintenance. With its prime location near schools, parks, shops, and public transit, this is the perfect chance to own a smart, income-producing home in a growing city!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 12
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Partial

Financial

  • APOD Available: No
  • Gross Operating Income: 77532
  • Gross Expenses: 9000
  • Water/Sewer: 3000
  • INSC: 6000
  • Net Operating Income: 68532

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: Yes
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1895
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73391158
  • Last Updated: 06/23/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/19/2025Active$899,000$174MLSPIN
06/15/2025New$899,000$174MLSPIN
08/29/2023Sold$694,900$134MLSPIN
07/07/2023Under Agreement$694,900$134MLSPIN
06/23/2023Contingent$694,900$134MLSPIN
06/20/2023Active$694,900$134MLSPIN
06/16/2023Price Change$694,900$134MLSPIN
06/14/2023New$695,000$134MLSPIN

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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 2025-06-23 10:43:00

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