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Sold on 10/23/2024

13 Gilman St, Worcester, MA 01605

$727,000

Last sold 10/23/2024 for $700K

  • 9

    bed

  • 4

    bath

  • 3,284

    Sqft ($213/Sqft)

Multi-family not for sale
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About 13 Gilman St

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 6,000 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
This multi-family investment property offers a solid rental income potential with a prime location. With a total of 9 bedrooms and 4 bathrooms, this property has a spacious layout offering great flexibility. Investment Highlights: Strong rental demand in Worcester due to its proximity to local universities, healthcare institutions, and a growing downtown area. Recent updates and maintenance in common areas and individual units, ensuring lower immediate expenses for the new owner (see attached). Potential for significant cash flow with rent increases as property values in the area continue to rise. Well-maintained exterior and solid infrastructure.
Listed by
Listing Agent - Mike DelRose Real Estate Team
Listing Office - Coldwell Banker Realty - Belmont
Source: MLS Property Information Network, Inc. mls logo
MLS#73303190 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Levels/Style 6
MLS # 73303190
Type Residential Income
Status Closed
SubType 3 Family - 3 Units Up/Down
SqFt 3284
Lot Size (SqFt) 6000
Lot Size (Acres) 0.14
Annual Property Tax 8704
Year Built 1923
Interior
Total # of Bathrooms 4
# Full Baths 4
Total # of Bedrooms 9
Basement Full, Concrete, Unfinished
Total # of Rooms 20
Laundry Washer & Dryer Hookup
Flooring Tile, Hardwood
Appliances Dishwasher, Range, Refrigerator, Range Hood
Interior Features Living Room, Kitchen, Laundry Room, Dining Room
Exterior
Foundation Block, Stone
Roof Shingle
Construction Frame
# Covered Spaces 2
Parking Desc Off Street, Paved
# Parking Spaces 2
# Garage Spaces 2
Patio/ Porch Porch
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range, for Gas Oven, Varies Per Unit
Electricity Individually Metered
Water Source Public
Location
County Worcester
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, University
Zoning RL-7
APN 1770945
Directions Take I-90 W; I-290 E To Burncoat St. In Worcester. Take Exit 22-23 From I-290. Continue To Gilman St
Multifamily Details
Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water)
Net Operating Income 42580
Operating Expense 27500
Total Actual Rent 5840
Financial Data Source Projected, Other (See Remarks)
Gross Income 70080
Lot/ Land Details
Road Frontage Public
Road Surface Paved
$727K
Range: $647K-$806K
Last 30 days 
  • Dec 2024
    mls logo MLS # 73303190
  • Dec 9, 2024 Sold
    $700,000 (+2.3%)
  • Oct 24, 2024 Active
    —
  • Oct 24, 2024 Pending
    —
  • Oct 16, 2024 Listed
    $684,000
  • Oct 16, 2024 Listed
    $684,000 (+137.6%)
  • Oct 2016
    mls logo MLS # 71952249
  • Oct 8, 2016 Sold
    $287,899 (-0.6%)
  • Jan 26, 2016 Listed
    $289,499 (-21.8%)
  • Dec 2005
    Public Records
  • Dec 19, 2005 Sold
    $370,000 (+48.0%)
  • May 2003
    Public Records
  • May 15, 2003 Sold
    $250,000
  • Year Property taxes Tax assessment
  • 2025
    $8,935 +2.7%
    $677,400 +7.01%
  • 2024
    $8,704 +7.6%
    $633,000 +12.19%
  • 2023
    $8,091 +10.4%
    $564,200 +17.05%
  • 2022
    $7,331 +19.3%
    $482,000 +27.72%
  • 2021
    $6,144 +30.2%
    $377,400 +35.95%
  • 2020
    $4,719 -3.4%
    $277,600 +2.32%
  • 2019
    $4,883 -1.7%
    $271,300 +3.31%
  • 2018
    $4,966 +5.1%
    $262,600 +6.83%
  • 2017
    $4,724 +16.9%
    $245,800 +25.34%
  • 2016
    $4,042 +2.7%
    $196,100
  • 2015
    $3,936
    —
  • 13 Gilman St
    $700K
  • Brittan Square
    $364K -31% y/y
  • 01605
    $457K +25% y/y
  • Worcester
    $434K -6% y/y
No chart available
Statistics calculated by Movoto

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5/10
Jacob Hiatt Magnet School
public Grades PK, K-6
Worcester School District
3/10
Chandler Magnet School
public Grades PK, K-6
Worcester School District
3/10
Wawecus Road School
public Grades K-6
Worcester School District
3/10
Burncoat Middle School
public Grades 7-8
Worcester School District
2/10
Burncoat Senior High School
public Grades 9-12
Worcester School District
Source: GreatSchools.org © 2026. All rights reserved.

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