1038 Main St

5,802 Sq. Ft.
$198 / Sq. Ft.
5,802
Sq. Ft.
$198
per Sq. Ft.

Description

Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include...Prime investment opportunity! Turnkey 6-unit building just a short walk to Clark University. Property features six spacious, renovated 2-bedroom / 1-bathroom units, delivering reliable cash flow with a solid, long-term tenant base and minimal landlord responsibilities. Fully separate utilities: individual electric meters, separate gas meters, tenant-paid hot water baseboard heat, and tenant-paid hot water heaters in each unit. City trash pickup included at no extra cost. Building updates include newer vinyl siding, newer vinyl replacement windows, and a newer rubber roof. Interiors feature fresh paint, recently refinished hardwood floors, and updated hardware. Two parking spots (tandem) behind property can provide additional rental income. Ideal for investors seeking a hassle-free, income-producing asset in a vibrant area with strong rental demand from students and professionals.
  1. Listed by Michael Tinsley • Longwood Residential, LLC

Property Details for 1038 Main Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Open Parking Spaces
2.00
Parking Spaces Total
2
LISTING UPDATED: 03/20/2026 07:24 PM

Property Details for 1038 Main Street

StatusNew
MLS #73489300
Days on Market1
Taxes$14,839 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - Rooming House
Year Built1920
CountyWorcester County

Location

Listing Courtesy of Longwood Residential, LLC, Michael Tinsley
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Building Information for 1038 Main Street

Stories5Residences6Year Built1920Building Size-Lot Size0.09 AC / 3,813 SF

Payment Calculator

$6,818 per month

30 year fixed, 6.11% Interest

Principal and Interest

$5,581

Property Taxes

$1,237

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1038 Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, House of Worship, Public School, University
  • Living Area: 5802.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Unfinished Basement
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Rent roll attached and under Firm Remarks.
Tax Information
  • Tax ID: 1769972
  • Assessments: $1,125,000
  • Book: 69721
  • Tax Year: 2026
  • Zoning: BG-2
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Levels: 5
  • Heat Units: 6
Income / Expenses
  • GOI: $108,000.00
  • NOI: $108,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,800.00

Property History for 1038 Main Street

DateEvent & SourcePriceAppreciation
Mar 19, 2026

Listed (Active)

MLS PIN #73489300

$1,150,000—
Nov 12, 2007

Expired

MLS PIN #70613546

$469,000—
Jul 12, 2007

Listed (Active)

MLS PIN #70613546

$469,000—
Jun 11, 2007

Canceled

MLS PIN #70523825

$485,000—
Feb 9, 2007

Listed (Active)

MLS PIN #70523825

$560,000—
Feb 8, 2007

Canceled

MLS PIN #70466804

$560,000—
Sep 29, 2006

Listed (Active)

MLS PIN #70466804

$574,900—
Aug 15, 2006

Expired

MLS PIN #70388063

$699,000—
May 15, 2006

Listed (Active)

MLS PIN #70388063

$835,000—
Aug 4, 2005

Sold (Public Record)

Public Record #164979113

$313,000

+33.1% / yr

Aug 3, 2005

Sold

MLS PIN #70119290

$313,000—
May 20, 2005

Under Agreement

MLS PIN #70119290

—
May 20, 2005

Contingent

MLS PIN #70119290

—
Nov 19, 2004

Listed (Active)

MLS PIN #70119290

$399,900—
Aug 13, 1997

Sold (Public Record)

Public Record #88750335

$32,000—
Jan 24, 1995

Expired

MLS PIN #30014558

$89,900—
Nov 2, 1994

Listed (Active)

MLS PIN #30014558

$89,900—
DateEvent & SourcePrice
03/19/2026

Listed (Active)

MLS PIN #73489300

$1,150,000
11/12/2007

Expired

MLS PIN #70613546

$469,000
07/12/2007

Listed (Active)

MLS PIN #70613546

$469,000
06/11/2007

Canceled

MLS PIN #70523825

$485,000
02/09/2007

Listed (Active)

MLS PIN #70523825

$560,000
02/08/2007

Canceled

MLS PIN #70466804

$560,000
09/29/2006

Listed (Active)

MLS PIN #70466804

$574,900
08/15/2006

Expired

MLS PIN #70388063

$699,000
05/15/2006

Listed (Active)

MLS PIN #70388063

$835,000
08/04/2005

Sold (Public Record)

Public Record #164979113

$313,000

+33.1% / yr

08/03/2005

Sold

MLS PIN #70119290

$313,000
05/20/2005

Under Agreement

MLS PIN #70119290

—
05/20/2005

Contingent

MLS PIN #70119290

—
11/19/2004

Listed (Active)

MLS PIN #70119290

$399,900
08/13/1997

Sold (Public Record)

Public Record #88750335

$32,000
01/24/1995

Expired

MLS PIN #30014558

$89,900
11/02/1994

Listed (Active)

MLS PIN #30014558

$89,900

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

Public Records for 1038 Main Street

Taxable ValueLand$112,500Additions$867,400Total$979,900
Tax Record2025$12,925 ($1,077 / month)
Home Facts
Baths6Total Finished SqFt5,802 SqFtAbove Grade Finished SqFt5,802 SqFtUnfinished Basement SqFt2,102 SqFtStories3Lot Size3,813 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningBG-2CountyWORCESTERAPNWORC M:08 B:017 L:00033

Schools near 1038 Main 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 - 6 to 8
Rating
School
Distance
Jacob Hiatt Magnet School
PublicPK to 6

Chandler Magnet School
PublicPK to 6

Goddard School of Science & Technology
PublicPK to 6

Sullivan Middle School
Public6 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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1038 Main Street is a multi-family home for sale in Worcester, MA 01603. This property was listed for sale on March 19, 2026 by Longwood Residential, LLC, it's currently listed at $1,150,000. It has been on the market for a total of 1 days and was last sold on August 4, 2005. This listing's school district is Worcester School District. Nearby schools include Jacob Hiatt Magnet School, Chandler Magnet School and Goddard School of Science & Technology. 1038 Main Street is a 12-bed, 6-bath, 5,802 sqft multi-family home built in 1920.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Longwood Residential, LLC, Michael Tinsley

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.