
28 Gediminas St Worcester — Photo 1 of 42
$749,000
28 Gediminas St, Worcester, MA 01607
Worcester, MA 01607
Beds
9
Baths
3
SqFt
3,678
Style
3 Family
Built
1915
CASH FLOW & OWNER OCCUPANT OPPORTUNITY! This solid, well maintained three family with several upgrades offers immediate income and long term upside. Two units are currently rented at $2,200 and $2,050 per month, and one unit will be delivered vacant with projected rent of approximately $2,400, bringing potential gross rental income to approximately $6,650/month or $79,800/year when fully occupied.For an owner occupant, move into the vacant unit while collecting $4,250/month from the other two units. The projected rental profile offers strong potential to satisfy FHA three family self sufficiency requirements, subject to the FHA appraisal, lender underwriting, interest rate, taxes, and insurance.Each spacious unit currently offers 3 bedrooms, 1 full bathroom, an eat in kitchen, living and dining areas, plus an additional flexible room with potential for conversion into a 4th bedroom, subject to City approval and code compliance.Situated on a large lot on a very quiet dead end street, the property also features a full walk out basement, laundry hookups, storage, ample off street parking, and a detached two car garage with potential for a future ADU, subject to zoning, permitting, building and fire codes, and all municipal approvals.Convenient access to I-290, the Mass Pike, shopping, and local amenities. A strong and versatile property for investors seeking income or buyers looking to build wealth through owner occupancy.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Worcester, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range
Geography
Population
8,706
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$79K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
54.5%
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 Agent: Lia Carminati
Listing Office: Be Live in Realty
MLS® Number: 73566908
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