20 Loudon St

5,943 Sq. Ft.
$103 / Sq. Ft.
5,943
Sq. Ft.
$103
per Sq. Ft.

Description

20 Loudon Street is a five-unit apartment building next to Clark University that features all one-bed/one-bath apartments. The units feature oak cabinets, tile, carpet and hardwood flooring, and white/gas appliances. The building has gas-fired boiler steam heat. All utilities are included in the rents. Off-street parking and coin-op laundry are available for tenants. New boiler and newer roof. The current owner operates their business out of the barn/office and plan to become the 6th tenant where...20 Loudon Street is a five-unit apartment building next to Clark University that features all one-bed/one-bath apartments. The units feature oak cabinets, tile, carpet and hardwood flooring, and white/gas appliances. The building has gas-fired boiler steam heat. All utilities are included in the rents. Off-street parking and coin-op laundry are available for tenants. New boiler and newer roof. The current owner operates their business out of the barn/office and plan to become the 6th tenant where separate electric and gas utilities are available. Buyers have the ability to acquire a fully occupied and stabilized asset with significant upside to increase rents due to long term tenancy. Loudon Street is located on the edge of Clark University where off-campus housing is highly demanded and presents an opportunity for buyers to capitalize on significantly higher than average market rents.
  1. Listed by Matthew Pierce • Marcus & Millichap Real Estate Investment Services

Property Details for 20 Loudon Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
1
Open Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 10/04/2022 11:54 AM

Property Details for 20 Loudon Street

StatusSold
MLS #72965869
Days on Market106
Taxes$5,437 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1890
CountyWorcester County

Location

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Matthew Pierce

Sold By Coldwell Banker Realty - Franklin, Lori Poirier

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Building Information for 20 Loudon Street

Stories9Residences5Year Built1890Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$3,518 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,065

Property Taxes

$453

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 20 Loudon Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, Private School, T-Station
  • Current Financing: Conv. Fixed
  • Living Area: 5943.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Gas Water Heater
  • Basement Features: Full
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile
Exterior Features
  • Construction: Frame
  • Exterior Features: Barn/Stable, Porch, Deck
  • Other Structures: Barn/Stable
  • Patio And Porch Features: Porch, Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Seller plans to rent barn/office from new owner as sixth tenant.
Tax Information
  • Tax ID: 1768048
  • Assessments: $405,800
  • Book: 11678
  • Tax Year: 2021
  • Zoning: RG-5
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter, Stone
  • Heat Units: 1
Income / Expenses
  • Electricity: $3,481.00
  • Annual Expenses Source: Owner
  • GOI: $67,147.00
  • Gross Scheduled Income: $3,481.00
  • Insurance: $2,000.00
  • GRE: $20,266
  • RME: $2,500
  • NOI: $46,881.00
  • Operating Expense: $20,266.00
  • WSE: $1,352.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • 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: $5,425.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 0

Property History for 20 Loudon Street

DateEvent & SourcePriceAppreciation
Apr 30, 2025

Expired

MLS PIN #73338279

$849,999—
Feb 25, 2025

Listed (Active)

MLS PIN #73338279

$849,999—
Sep 29, 2022

Sold

MLS PIN #72965869

$615,000—
DateEvent & SourcePrice
04/30/2025

Expired

MLS PIN #73338279

$849,999
02/25/2025

Listed (Active)

MLS PIN #73338279

$849,999
09/29/2022

Sold

MLS PIN #72965869

$615,000

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

Public Records for 20 Loudon Street

Taxable ValueLand$90,800Additions$517,400Total$608,200
Home Facts
Lot Size8,027 SqFtStyleOffice BuildingZoningRG-5CountyWORCESTERAPNWORC M:06 B:037 L:00015

Schools near 20 Loudon 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 - 6 to 8
Rating
School
Distance
Jacob Hiatt Magnet School
PublicPK to 6

Chandler Magnet School
PublicPK to 6

Woodland Academy
PublicK 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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Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Matthew Pierce

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.