18 Walnut St

9,999 Sq. Ft.
$160 / Sq. Ft.
9,999
Sq. Ft.
$160
per Sq. Ft.

Description

Incredible investment opportunity in this well maintained twelve unit apartment building located in the heart of Downtown Worcester. Current use is primarily college student housing. Property is perfectly suited to meet the need for in demand market rate apartments or condominiums. A short walk from Mechanics Hall, Worcester Medical Center, Worcester Common, the DCU Center, award winning restaurants, Worcester Art Museum, a number of colleges, Canal District and the new Polar Park. Beautiful hardwoods...Incredible investment opportunity in this well maintained twelve unit apartment building located in the heart of Downtown Worcester. Current use is primarily college student housing. Property is perfectly suited to meet the need for in demand market rate apartments or condominiums. A short walk from Mechanics Hall, Worcester Medical Center, Worcester Common, the DCU Center, award winning restaurants, Worcester Art Museum, a number of colleges, Canal District and the new Polar Park. Beautiful hardwoods throughout, recent roof, and multiple systems upgrades. Original elevator intact, but out of service during current ownership. Two (1) and three (11) bedroom units currently leased at below market rates with utilities included. Units have metered electric and gas. Common laundry with coin operated washers and dryers for building. Fully occupied, showings by appointment only.
  1. Listed by Brendan Melican • Exit Beacon Pointe Realty

Property Details for 18 Walnut Street

Town
Worcester
MLS Area
Downtown
Area
MA-Worcester-Downtown, MA-Worcester
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 10/05/2022 10:15 AM

Property Details for 18 Walnut Street

StatusSold
MLS #72831481
Days on Market7
Taxes$26,087 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1910
CountyWorcester County
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Building Information for 18 Walnut Street

Stories6Residences12Year Built1910Building Size-Lot Size0.12 AC / 5,174 SF

Payment Calculator

$9,972 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,798

Property Taxes

$2,174

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 18 Walnut Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access, House of Worship, T-Station, Sidewalks
  • Current Financing: Other
  • Living Area: 9999.0
  • Color: Red brick
  • Total Units: 12
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Gas Water Heater
  • Basement Features: Full, Walk Out, Interior Access, Dirt Floor, Concrete Floor, Unfinished Basement
  • Num of Baths: 12.0
  • Num of Full Baths: 12
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 12.00
  • Bathrooms Total Integer: 12
  • FireplaceFeatures: Unit 1(Fireplace - Wood burning), Unit 2(Fireplace - Wood burning)
  • FireplaceYN: Yes
  • Fireplaces: 12
  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Features: Other(See Remarks), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room
  • Interior Features: Other(See Remarks)
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Brick, Stone
  • Lot Description: Corner Lot
  • Roof Material: Rubber
  • View: City View(s)
  • View: Yes
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Original Elevator Intact,Out Of Service During Current Ownership. Two (1) And Three (11) Bedroom Units,Leased By The Bedroom.
Tax Information
  • Tax ID: M:02 B:027 L:00047,1762995
  • Assessments: $1,602,400
  • Book: 39945
  • Tax Year: 2021
  • Zoning: BO-1
Building / Association Information
Living Characteristics
  • Beds Total: 35
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Brick/Mortar, Granite
Income / Expenses
  • GOI: $25,800.00
  • NOI: $25,800.00
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
Rental Info
Rental Info
  • Total Actual Rent: $15,100.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 2.5

Property History for 18 Walnut Street

DateEvent & SourcePriceAppreciation
Sep 29, 2022

Sold

MLS PIN #72831481

$1,600,000—
May 20, 2021

Under Agreement

MLS PIN #72831481

—
May 19, 2021

Contingent

MLS PIN #72831481

—
May 13, 2021

Listed (Active)

MLS PIN #72831481

$1,900,000—
Oct 11, 2006

Sold (Public Record)

Public Record #204148129

$500,000—
DateEvent & SourcePrice
09/29/2022

Sold

MLS PIN #72831481

$1,600,000
05/20/2021

Under Agreement

MLS PIN #72831481

—
05/19/2021

Contingent

MLS PIN #72831481

—
05/13/2021

Listed (Active)

MLS PIN #72831481

$1,900,000
10/11/2006

Sold (Public Record)

Public Record #204148129

$500,000

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

Public Records for 18 Walnut Street

Taxable ValueLand$600,000Additions$1,210,200Total$1,810,200
Tax Record2025$23,877 ($1,990 / month)
Home Facts
Total Finished SqFt17,004 SqFtAbove Grade Finished SqFt17,004 SqFtUnfinished Basement SqFt2,834 SqFtStories6Lot Size5,174 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningBO-1CountyWORCESTERAPNWORC M:02 B:027 L:00047

Schools near 18 Walnut Street

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

Chandler Magnet School
PublicPK to 6

Elm Park Community School
PublicK to 6

Forest Grove 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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Listing Courtesy of Exit Beacon Pointe Realty, Brendan Melican

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.