29 Cambridge St, Worcester, MA 01603
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$589,000
3 Unit
9 Beds
3 Baths
2746 SQFT
0.12 Acre

Property Description

ATTENTION INVESTORS! Fully occupied 3-family offering immediate rental income with value-add potential. Each unit features 6 rooms, 3 bedrooms, hardwood floors, and replacement windows. Lead certificates in place for all units. Major updates include newer roof, oil tanks (2025), and hot water tanks. A new furnace will be installed prior to closing. Current rents are below market due to long-term tenants-at-will, presenting an opportunity to increase cash flow over time. Property needs cosmetic updates and is ideal for investors seeking to build equity and maximize returns. Conveniently located near highways, public transportation, shopping, restaurants, and colleges. Strong rental demand area with excellent long-term investment potential. SELLER CREDIT AVAILABLE. Don't miss this opportunity to add a solid income-producing asset to your portfolio.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Appliances: Washer Hookup
  • Common Heating: Electric Baseboard, Oil, Radiant

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 57000
  • Gross Expenses: 13009
  • Water/Sewer: 2700
  • INSC: 1278
  • Repairs & Maintenance: 1200
  • Net Operating Income: 43991

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: Washer Hookup, for Electric Dryer
  • 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: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73503777
  • Last Updated: 06/05/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/05/2026Active$589,000$214MLSPIN
06/01/2026Price Change$589,000$214MLSPIN
05/22/2026Active$599,000$218MLSPIN
05/18/2026Price Change$599,000$218MLSPIN
05/04/2026Active$619,000$225MLSPIN
04/30/2026Price Change$619,000$225MLSPIN
04/22/2026Active$649,000$236MLSPIN
04/18/2026New$649,000$236MLSPIN

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Seller's Representative: Ana Roque, Property Investors & Advisors, 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 2026-06-05 03:05:00

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