1 Cheney St, Worcester, MA 01610
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$799,999
3 Unit
12 Beds
3 Baths
4368 SQFT
0.11 Acre

Property Description

*Ask about 1st Time Homebuyer programs w/ grants up to $50,000, 3% down payment & closing costs covered* Exceptional investment or owner-occupant opportunity in the heart of Worcester! Perfectly situated just steps from Clark University within the tuition-free zone, this property draws consistent rental demand from students, professionals, and families alike. The well-maintained three-family home offers spacious 4-bedroom units, each with in-unit laundry and separate utilities for added convenience. Enjoy five off-street parking spaces—a rare amenity in this neighborhood. With market rents of approximately $2,500 per unit, the property projects a cap rate of 8–9%. Conveniently located near public transportation, shopping, restaurants, and major highways—this is an exceptional income-producing opportunity in one of Worcester’s fastest-growing areas.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 12
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Park, Public School, Public Transportation, Shopping, University
  • Basement Features: Dirt Floor, Full, Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 40800
  • Net Operating Income: 40800

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: 2
  • Levels: 1

Unit 3 Description

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

Construction

  • Year Built: 1915
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Wood
  • Lead Paint: Certified Treated, Yes
  • Warranty: No

Other Information

  • MLS ID# 73453782
  • Last Updated: 11/12/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/12/2025New$799,999$183MLSPIN

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Seller's Representative: Johnny Long, PRIVI Realty 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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MLS PIN data last updated at 2025-11-12 03:30:00

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