2 Henchman Street

Worcester, MA 01605

$2,950,000
Price
33
Beds
13
Baths
15,075 Sq. Ft.
$196 / Sq. Ft.
15,075
Sq. Ft.
$196
per Sq. Ft.

Description

Henchman & Moen, consists of three adjoining multi-family investment properties located at 2 & 2 ½ Henchman Street and 8 Moen Street in Worcester, MA (the“Property”). This well-maintained 13-unit property consists of six 2-bedroom/1-bathroom units and seven 3-bedroom/1-bathroom units, totaling 15,075 sq. ft. of living space on a 0.26-acre parcel. 11 of the 13 units have been extensively renovated with new kitchens, bathrooms, and flooring. All units have lead certificates and are separately metered...Henchman & Moen, consists of three adjoining multi-family investment properties located at 2 & 2 ½ Henchman Street and 8 Moen Street in Worcester, MA (the“Property”). This well-maintained 13-unit property consists of six 2-bedroom/1-bathroom units and seven 3-bedroom/1-bathroom units, totaling 15,075 sq. ft. of living space on a 0.26-acre parcel. 11 of the 13 units have been extensively renovated with new kitchens, bathrooms, and flooring. All units have lead certificates and are separately metered for heat, hot water, and electricity, which are paid directly by the tenants. The property also features an on-site laundry facility and three parking spaces. The opportunity exists to increase rents in the renovated units and implement programmatic upgrades to the remaining two unrenovated units to maximize rental income. The property is steps from Downtown Worcester, WPI and UMass Memorial Medical Center. This is an excellent investment opportunity in one of MA’s most dynamic markets.
  1. Listed by Ethan Lazar • Horvath & Tremblay

Property Details for 2 Henchman Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3
LISTING UPDATED: 11/25/2024 11:34 AM

Property Details for 2 Henchman Street

StatusNew
MLS #73315510
Days on Market1
Taxes$21,475 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyWorcester County

Building Information for 2 Henchman Street

Stories8Residences13Year Built1900Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 2 Henchman Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 15075.0
  • SqFt with Basement: No
  • Total Units: 13
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 13.0
  • Num of Full Baths: 13
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 13.00
  • Bathrooms Total Integer: 13
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: M:01 B:046 L:00021,4699054
  • Assessments: $1,561,800
  • Book: 36798
  • Tax Year: 2024
  • Zoning: RG-5
Building / Association Information
Living Characteristics
  • Beds Total: 33
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $6,001.00
  • Annual Expenses Source: Owner
  • GOI: $296,892.00
  • Insurance: $13,000.00
  • GRE: $66,848
  • MSE: $5,750
  • RFS: $3,900
  • RME: $6,500
  • NOI: $215,200.00
  • Operating Expense: $66,848.00
  • WSE: $10,222.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $24,616.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 2 Henchman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2 Henchman Street

Taxable ValueLand$73,400Additions$777,300Total$850,700
Tax Record2024$11,697 ($975 / month)
Home Facts
Baths7Total Finished SqFt9,525 SqFtAbove Grade Finished SqFt9,525 SqFtUnfinished Basement SqFt1,350 SqFtStories3Lot Size4,997 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningRG-5CountyWORCESTERAPNWORC M:01 B:046 L:00021

Schools near 2 Henchman Street

This home is within Worcester School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - 7 to 8
Rating
School
Distance
Jacob Hiatt Magnet School
PublicPK to 6

Chandler Magnet School
PublicPK to 6

City View Discovery School
PublicPK to 6

Burncoat Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2 Henchman Street is a multi-family home for sale in Worcester, MA 01605. This property was listed for sale on November 25, 2024 by Horvath & Tremblay, it's currently listed at $2,950,000. It has been on the market for a total of 1 days and was last sold on December 2, 2022. This listing's school district is Worcester School District. Nearby schools include Jacob Hiatt Magnet School, Chandler Magnet School and City View Discovery School. 2 Henchman Street is a 33-bed, 13-bath, 15,075 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay, Ethan Lazar

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.