5 Freeland Ter, Worcester, MA 01603
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$720,000
3 Unit
9 Beds
3 Baths
3198 SQFT
0.07 Acre

Property Description

Spacious and full of natural light, this three-family property features three well-designed three-bedroom apartments just a few blocks from Clark University. The prime location on a side street while still offering outstanding convenience to the major routes, easy access to public transportation, shopping, and, making it ideal for both owner-occupants and investors. With two vacant and well-maintained units, you can choose one to owner occupy and build an equity by renting the other two. Each floor includes a generous living and dining rooms, eat-in kitchen and three well-sized bedrooms. The second floor is occupied by a long-term tenant who will stay. Investors will appreciate the low-maintenance exterior with vinyl siding, no driveway to care for, and a compact under 2,900sq.ft. yard that’s simple to manage. Additional income is generated by the coin-operated laundry in the basement. Parking is on-street. Schedule an appointment to see this opportunity!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Family Room, Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Tile Floor
  • Common Appliances: Range, Refrigerator, Vent Hood
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Heat Pump, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 54000
  • Gross Expenses: 4823
  • Electric Expenses: 1080
  • INSC: 3743
  • Net Operating Income: 54000

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73454589
  • Last Updated: 11/17/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/17/2025Active$720,000$225MLSPIN
11/13/2025New$720,000$225MLSPIN
04/22/2024Sold$665,000$208MLSPIN
03/28/2024Under Agreement$639,000$200MLSPIN
03/14/2024Contingent$639,000$200MLSPIN
03/11/2024Active$639,000$200MLSPIN
03/07/2024New$639,000$200MLSPIN

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Seller's Representative: Tetyana Ivanina, Hive Property Group
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 2025-11-17 03:05:00

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