2 Preston St

10,170 Sq. Ft.
$236 / Sq. Ft.
10,170
Sq. Ft.
$236
per Sq. Ft.

Description

Immaculate 10-unit investment opportunity just hit the market in the heart of Worcester, MA. This well-maintained multifamily property features a desirable mix of spacious 2- and 3-bedroom units, making it highly attractive to long-term tenants. The current monthly rent roll is 21009.00 with all units participating in Section 8, offering investors the benefit of stable income. Annual rent increases have already been submitted and approved effective 4/1/2026, BRINGING IN ANNUALLY 30,420 to thr bottom...Immaculate 10-unit investment opportunity just hit the market in the heart of Worcester, MA. This well-maintained multifamily property features a desirable mix of spacious 2- and 3-bedroom units, making it highly attractive to long-term tenants. The current monthly rent roll is 21009.00 with all units participating in Section 8, offering investors the benefit of stable income. Annual rent increases have already been submitted and approved effective 4/1/2026, BRINGING IN ANNUALLY 30,420 to thr bottom line. Properties of this size, condition, and income stability rarely come to market, especially in one of the fastest-growing cities in Massachusetts. Ideal for both seasoned investors and those looking to expand their portfolio with a strong, low-risk asset. First showings will take place during a group showing on Feburary 21,2026 at 11:00 am Don’t miss this exceptional opportunity to own a cornerstone investment in Worcester’s thriving multifamily market.
  1. Listed by We Close Deals Team • Lamacchia Realty, Inc.
  2. Listed by Jeff Marget • Lamacchia Realty, Inc.

Property Details for 2 Preston Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Parking Spaces
.00

Open Houses

Saturday, Feb 21st

11:00 AM - 1:00 PM

Public

LISTING UPDATED: 02/09/2026 02:53 PM

Property Details for 2 Preston Street

StatusNew
MLS #73475427
Days on Market1
Taxes$24,495 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyWorcester County

Location

Listing Courtesy of Lamacchia Realty, Inc., We Close Deals Team; Lamacchia Realty, Inc., Jeff Marget
Add your commute

Building Information for 2 Preston Street

Stories5Residences10Year Built1900Building Size-Lot Size0.07 AC / 2,863 SF

Payment Calculator

$13,734 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,692

Property Taxes

$2,041

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2 Preston Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Laundromat, Highway Access, House of Worship, Public School, University
  • Living Area: 10170.0
  • SqFt with Basement: No
  • Total Units: 10
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Interior Access, Dirt Floor
  • Num of Baths: 10.0
  • Num of Full Baths: 10
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 10.00
  • Bathrooms Total Integer: 10
  • DoorFeatures: Storm Door(s)
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Vinyl
  • Interior Features: Lead Certification Available, Bathroom With Tub & Shower, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room, Family Room
  • Interior Features: Internet Available - Broadband
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Brick
  • Exterior Features: Balcony/Deck
  • Exterior Features: Deck
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck
  • Roof Material: Tar/Gravel
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating: Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: THE SELLER IS THE LISTING AGENT!! Buyer and Buyers Agent to do their own due diligence. Sell and Seller's agent are not liable for any inaccurate information. ALL Tenants are Section 8. Rental increases have been filed for 4-1-2026 waiting for finial approval.
Tax Information
  • Tax ID: M:06 B:17C L:00044,1768374
  • Assessments: $1,857,100
  • Book: 69235
  • Tax Year: 2025
  • Zoning: RG-5
Building / Association Information
Living Characteristics
  • Beds Total: 29
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Levels: 5
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 1
Income / Expenses
  • Electricity: $2,402.00
  • Annual Expenses Source: Owner
  • GOI: $252,108.00
  • Gross Scheduled Income: $12,957.00
  • Insurance: $10,972.00
  • GRE: $71,382
  • MSE: $1,200
  • RFS: $3,912
  • RME: $3,500
  • NOI: $180,726.00
  • Operating Expense: $71,382.00
  • WSE: $12,800.00
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: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,572.00

Property History for 2 Preston Street

DateEvent & SourcePriceAppreciation
Feb 9, 2026

Listed (Active)

MLS PIN #73475427

$2,399,000
Jun 9, 2023

Sold

MLS PIN #73097325

$1,775,000
Apr 19, 2023

Under Agreement

MLS PIN #73097325

Apr 19, 2023

Contingent

MLS PIN #73097325

Apr 11, 2023

Listed (Active)

MLS PIN #73097325

$1,990,000
Feb 1, 2017

Sold

MLS PIN #72030541

$550,000
Dec 8, 2016

Under Agreement

MLS PIN #72030541

Dec 8, 2016

Contingent

MLS PIN #72030541

Jun 28, 2016

Listed (Active)

MLS PIN #72030541

$650,000
Apr 30, 2009

Expired

MLS PIN #70865366

$532,000
Jan 18, 2009

Listed (Active)

MLS PIN #70865366

$532,000
Oct 12, 2007

Expired

MLS PIN #70561548

$775,000
Apr 18, 2007

Listed (Active)

MLS PIN #70561548

$775,000
Jul 20, 2006

Sold (Public Record)

Public Record #201445462

$615,000

+4.9% / yr

Aug 20, 2005

Expired

MLS PIN #70197154

$799,900
May 24, 2005

Listed (Active)

MLS PIN #70197154

$799,900
May 9, 2005

Expired

MLS PIN #70146770

$799,900
Feb 16, 2005

Listed (Active)

MLS PIN #70146770

$799,900
May 10, 2004

Sold

MLS PIN #30797341

$548,000
Feb 27, 2004

Sold (Public Record)

Public Record #132811269

$548,000
Jan 12, 2004

Contingent

MLS PIN #30797341

Dec 17, 2003

Listed (Active)

MLS PIN #30797341

$600,000
Jun 8, 2002

Expired

MLS PIN #30608410

$600,000
May 17, 2002

Listed (Active)

MLS PIN #30608410

$600,000
Dec 11, 2001

Expired

MLS PIN #30545569

$600,000
Sep 25, 2001

Listed (Active)

MLS PIN #30545569

$600,000
Aug 30, 1995

Expired

MLS PIN #30015435

$138,900
Nov 3, 1994

Listed (Active)

MLS PIN #30015435

$1,389,000
DateEvent & SourcePrice
02/09/2026

Listed (Active)

MLS PIN #73475427

$2,399,000
06/09/2023

Sold

MLS PIN #73097325

$1,775,000
04/19/2023

Under Agreement

MLS PIN #73097325

04/19/2023

Contingent

MLS PIN #73097325

04/11/2023

Listed (Active)

MLS PIN #73097325

$1,990,000
02/01/2017

Sold

MLS PIN #72030541

$550,000
12/08/2016

Under Agreement

MLS PIN #72030541

12/08/2016

Contingent

MLS PIN #72030541

06/28/2016

Listed (Active)

MLS PIN #72030541

$650,000
04/30/2009

Expired

MLS PIN #70865366

$532,000
01/18/2009

Listed (Active)

MLS PIN #70865366

$532,000
10/12/2007

Expired

MLS PIN #70561548

$775,000
04/18/2007

Listed (Active)

MLS PIN #70561548

$775,000
07/20/2006

Sold (Public Record)

Public Record #201445462

$615,000

+4.9% / yr

08/20/2005

Expired

MLS PIN #70197154

$799,900
05/24/2005

Listed (Active)

MLS PIN #70197154

$799,900
05/09/2005

Expired

MLS PIN #70146770

$799,900
02/16/2005

Listed (Active)

MLS PIN #70146770

$799,900
05/10/2004

Sold

MLS PIN #30797341

$548,000
02/27/2004

Sold (Public Record)

Public Record #132811269

$548,000
01/12/2004

Contingent

MLS PIN #30797341

12/17/2003

Listed (Active)

MLS PIN #30797341

$600,000
06/08/2002

Expired

MLS PIN #30608410

$600,000
05/17/2002

Listed (Active)

MLS PIN #30608410

$600,000
12/11/2001

Expired

MLS PIN #30545569

$600,000
09/25/2001

Listed (Active)

MLS PIN #30545569

$600,000
08/30/1995

Expired

MLS PIN #30015435

$138,900
11/03/1994

Listed (Active)

MLS PIN #30015435

$1,389,000

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

Public Records for 2 Preston Street

Taxable ValueLand$200,000Additions$1,657,100Total$1,857,100
Tax Record2025$24,495 ($2,041 / month)
Home Facts
Total Finished SqFt11,405 SqFtAbove Grade Finished SqFt11,405 SqFtUnfinished Basement SqFt2,281 SqFtStories5Lot Size2,863 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningRG-5CountyWORCESTERAPNWORC M:06 B:17C L:00044

Schools near 2 Preston 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
Chandler Magnet School
PublicPK to 6

Jacob Hiatt Magnet School
PublicPK to 6

Chandler Elementary 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.

Similar Homes

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2 Preston Street is a multi-family home for sale in Worcester, MA 01610. This property was listed for sale on February 9, 2026 by Lamacchia Realty, Inc., it's currently listed at $2,399,000. It has been on the market for a total of 1 days and was last sold on June 9, 2023. This listing's school district is Worcester School District. Nearby schools include Chandler Magnet School, Jacob Hiatt Magnet School and Chandler Elementary Community School. 2 Preston Street is a 29-bed, 10-bath, 10,170 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, 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 Lamacchia Realty, Inc., We Close Deals Team; Lamacchia Realty, Inc., Jeff Marget

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.