Active
13 Days on market
120 Southgate St Worcester — Photo 1 of 42

120 Southgate St Worcester — Photo 1 of 42

$999,900

120 Southgate St, Worcester, MA 01603

Worcester, MA 01603

Beds

17

Baths

6

SqFt

5,535

Style

5-9 Family

Built

1910

Great investment opportunity at 120 Southgate St in Worcester! This well-maintained six-family property has been remodeled throughout and is in excellent overall condition. The property currently generates over $11,000 per month in rental income, providing a strong and established income stream for the next owner.Most of the units are occupied by long-term tenants, offering excellent tenant stability and consistent rental history. The apartments have been updated and well cared for, and the property has been maintained in a way that allows a new owner to step in without taking on a major renovation project.With six units, strong existing rents, long-term tenants, and a building that is in great shape, this is an excellent opportunity for an investor looking for a solid Worcester multifamily property. There is also potential for future rental growth as leases turn over and market rents continue to increase.A great addition to an existing portfolio or an excellent opportunity for an investor looking for a larger multifamily property with substantial monthly income. Come see 120 Southgate St and appreciate the condition, income, and overall quality this property has to offer.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$181/sqft
Local Avg (Worcester)$207/sqft
13% BelowMarket Average

* Analysis is based on 18 actively listed and recently sold comparable properties strictly within Worcester, MA.

Property Details

Financials

Original Price$999,900
Annual Taxes$5,193

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms35
FireplacesNone
FlooringWood
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Stone
ZoningRG-5

Property & Lot

Acres0.13
SqFt Lot5,535
Lot Features--

Geography

Population

20,868

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$66K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Michael Duran

Listing Office: Limitless Real Estate Group, LLC

MLS® Number: 73569397

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