38 Benefit St, Worcester, MA 01610

Worcester
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
38 Benefit St,Worcester, MA 01610
$825,000
  • 8 Beds
  • 6 Baths
  • 5,216 sq. ft.
  • Multi-family
  • Active
Listed by: ethan lazar
Office: horvath & tremblay
MLS#:73501042
Source:MLSPIN

Price summary

  • Price:$825,000
  • Price per sq. ft.:$158.17

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:73501042
  • Updated:April 17, 2026 at 10:42 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:20
  • Living area:5,216 sq. ft.

Structure and exterior

  • Year built:1900
  • Building area:5,216 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Corner Lot
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$825,000
  • Price per sq. ft.:$158.17
  • Tax amount:$6,690 (2026)

Parking

  • Total parking spaces:4
  • Parking description:Off Street
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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