16 Gates St, Worcester, MA 01610
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$860,000
4 Unit
11 Beds
4 Baths
4480 SQFT
0.33 Acre

Property Description

Don't miss this great investment opportunity steps from Clark University! This large 4 family with three 3 bed units and a 2 bed unit is fully rented with room for improvements and rent increases in coming months. The property offers a great level backyard abutting the park with .33 acres offering expansion opportunities with an attached or detached ADU. Two other properties one street over being offered by seller at 21 Grand & 27 Grand Street for a potential 3 property 10 unit portfolio opportunity. Call for details.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 11
  • Total Full Baths: 4
  • Basement Features: Partially Finished

Financial

  • APOD Available: Yes
  • Gross Operating Income: 74760
  • Gross Expenses: 14760
  • Electric Expenses: 1500
  • Water/Sewer: 3100
  • Net Operating Income: 60000

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

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

Unit 4 Description

  • Under Lease: Yes
  • Floors: 4
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73404412
  • Last Updated: 07/19/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/15/2025New$860,000$192MLSPIN

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Seller's Representative: Tracy Barber, Real Broker MA, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2025-07-19 03:05:00

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