38 Benefit St, Worcester, MA 01610
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$825,000
6 Unit
8 Beds
6 Baths
5216 SQFT
0.11 Acre

Property Description

This centrally located value-add 6-unit property at 38 Benefit in Worcester, Massachusetts, consists of four 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 5,216 sq. ft. of living space on a 0.11-acre parcel. Each unit is separately metered for heat and electricity, and the owner is responsible for hot water and municipal water & sewer. The property benefits from brand new high efficiency Navien hot water heaters. Three of the six units have been recently renovated featuring new kitchens, updated bathrooms, and new flooring. There is an opportunity to dramatically increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units as all units are currently TAW. Listed at a 7.95% cap rate, this property represents a strong investment opportunity in the growing Worcester market.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 8
  • Total Full Baths: 6

Financial

  • APOD Available: Yes
  • Gross Operating Income: 78600
  • Gross Expenses: 23333
  • GSE: 974
  • Electric Expenses: 660
  • Water/Sewer: 2245
  • INSC: 6263
  • Repairs & Maintenance: 3000
  • Miscellaneous Expense: 3500
  • Net Operating Income: 78600

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

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73501042
  • Last Updated: 04/14/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/14/2026New$825,000$158MLSPIN
10/07/2007Extended$329,000$64MLSPIN
07/09/2007Active$329,000$64MLSPIN

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Seller's Representative: Ethan Lazar, Horvath & Tremblay
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 2026-04-14 10:22:00

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