Exceptional income-producing investment opportunity featuring an approved 12-room lodging house configuration with extensive life-safety and infrastructure upgrades. Currently operated as a 12-room lodging house, the property offers strong income potential, commercial sprinkler protection, addressable fire alarm system with central station monitoring, hardwired smoke and carbon monoxide detection, comprehensive security camera coverage, and coin-operated laundry facilities.Current ownership has invested significantly in the property, including approval for conversion from a three-family to a 12-room lodging house, sprinkler installation, fire alarm upgrades, electrical improvements, plumbing upgrades, deck and porch replacement, and numerous additional capital improvements. The property is configured for efficient operation and has historically generated strong room-rental income.Conveniently located near downtown Worcester, colleges, hospitals, major employers, public transportation, and neighborhood amenities. A unique opportunity for investors seeking a high-income property with substantial capital improvements already completed.Buyer is responsible for conducting all due diligence regarding licensing, approvals, occupancy, and future use. Any permits, licenses, certificates, approvals, or registrations required after transfer of ownership shall be the responsibility of the buyer.
Multi-familyProperty Type
1890Year Built
2,958 sq ftLot Size
$255Price/Sq.Ft.
Listed by Brandon O'Neal• Coldwell Banker Realty - Worcester
Vernon Hill, located between Kelley Square and Clark University, is a historic and residential Worcester neighborhood with brick triple-deckers and hilltop views. The neighborhood’s character concentrates around the Kelley Square rotary and Green Street, where corner markets, longtime eateries, and auto shops set a working-city rhythm. Architectural texture runs from late-19th-century multifamilies to sturdy industrial-era blocks edging the Canal District. Crompton Park adds a green pause above the street grid, while nearby arts and campus energy spill in from Clark. New England Botanic Garden at Tower Hill sits just beyond the neighborhood’s orbit for a weekend reset.
Provided by Walk Score and Local Logic
Market insights
19 Perry Ave · $899,900
DAYS ON MARKET
1 days
The average home goes pending in 29 days.
SALE-TO-LIST
100.2%
Most homes are selling 0% above list price.
LIST PRICE
$899,900
Median list price in this area is $589,640. (34% lower than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Kitchen
15 total rooms
Bathrooms
3 full bathrooms
Kitchen
Range
Refrigerator
Laundry & utility
Washer
Dryer
Exterior features
Public Transportation nearby
Shopping nearby
Park nearby
Walk/Jog Trails nearby
Medical Facility nearby
Highway Access nearby
House of Worship nearby
Public School nearby
Home design
3-family property
3 stories total
Parking
0 open parking spaces
Security
Security System
Construction
Stone foundation
Built (year per public records)
Utilities
Public Sewer
Public water
Electric with circuit breakers
Electricity and solar
View estimated energy costs and solar savings for this home
Great income with this building. Bedrooms rented per week and all tenants pay. Building needs some cosmetics. Newer water heaters within past few years. Buy this in time for the huge renovation project in that area that's coming, it will be walking distance to the proposed baseball field. Sale AS IS per seller.
Public Records
Mar 1, 2006
Sold
$255,000
$72/sq ft
MLS PIN #70240613
Mar 3, 2006
Sold
$250,000
$71/sq ft
Jan 10, 2006
Listing Removed
—
Aug 11, 2005
Listed
$264,900
$75/sq ft
NICE STREET LEVEL LOW MAINTENANCE LOT WITH PLENTY OF ON STREET PARKING (NO DRIVEWAY) . VACANT 1st & 3rd Floors !! YARD WITH ENOUGH ROOM FOR THE SWING SET ETC... 2ND FLOOR IS RELATIVE. 3 BIG BEDROOMS EACH. UPDATES GALORE !REPLACEMENT WINDOWS, LANDLORD METER ETC... ETC...
Year
Property tax
Land + Additions
Assessment*
2023
$5,986 (+14.8%)
$49,900 + $367,500
$417,400
2022
$5,214 (+12.9%)
$39,900 + $302,900
$342,800
2021
$4,617 (+8.7%)
$31,900 + $251,700
$283,600
2020
$4,248
$31,700 + $218,200
$249,900
2019
$4,252 (+16.0%)
$27,700 + $208,500
$236,200
2018
$3,667 (+7.0%)
$27,700 + $166,200
$193,900
2017
$3,427 (+3.3%)
$27,700 + $150,600
$178,300
2016
$3,318 (+5.5%)
$21,100 + $139,900
$161,000
2014
$3,146 (+4.7%)
$21,100 + $139,900
$161,000
2013
$3,004 (+6.8%)
$23,800 + $137,900
$161,700
2012
$2,814 (+27.3%)
$23,800 + $141,900
$165,700
2011
$2,210 (−1.0%)
$47,200 + $90,400
$137,600
2010
$2,233 (−24.6%)
$47,200 + $100,200
$147,400
2009
$2,962
$70,900 + $148,500
$219,400
Public record
Beds
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3,049 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,534
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,534
Year built
1890
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1766146
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Worcester, MA • 01610
Average low and high temperatures (°F)
32
19
34
20
50
32
60
41
68
51
80
62
84
66
80
61
75
57
63
46
51
37
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 19 Perry Ave
$875,988
$24K under list price of $900K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $580K to $900K.