Active
17 Days on market
28 Gediminas St Worcester — Photo 1 of 42

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

This Property
Size (SqFt) →Price →
This Property$204/sqft
Local Avg (Worcester)$221/sqft
8% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Worcester, MA.

Property Details

Financials

Original Price$749,000
Annual Taxes$8,603

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms18
FireplacesNone
FlooringHardwood
BasementFull, Interior Entry, Bulkhead, Concrete, Unfinished

Climate & Utilities

HeatingSteam, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRG-5

Property & Lot

Acres0.22
SqFt Lot9,500
Lot FeaturesWooded, Gentle Sloping

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 Provided By

Listing Agent: Lia Carminati

Listing Office: Be Live in Realty

MLS® Number: 73566908

Browse More Homes in Worcester

Explore other active listings in the area.