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Sold on 02/20/2026

2 Preston St, Worcester, MA 01610

$2,300,000

Last sold 02/20/2026 after 11 Days

  • 29

    bed

  • 10

    bath

  • 10,170

    Sqft ($226/Sqft)

Multi-family not for sale
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About 2 Preston St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 2,863 Sqft
Movoto estimate
Property 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 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. Open House Canceled
Listed by
Listing Agent - We Close Deals Team
Listing Office - Lamacchia Realty, Inc.
Source: MLS Property Information Network, Inc. mls logo
MLS#73475427 • last updated 1 month ago
Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago
Overview
Cooling/AC None
Heating Baseboard
Levels/Style 5, 5
MLS # 73475427
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Up/Down
SqFt 10170
Lot Size (SqFt) 2863
Lot Size (Acres) 0.07
Annual Property Tax 24495
Year Built 1900
Interior
Total # of Bathrooms 10
# Full Baths 10
Total # of Bedrooms 29
Basement Interior Entry, Dirt Floor
Total # of Rooms 49
Laundry Electric Dryer Hookup, Washer Hookup
Flooring Wood, Vinyl
Appliances Range, Refrigerator
Interior Features Lead Certification Available, Bathroom With Tub & Shower, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room, Family Room
Door Features Storm Door(s)
Window Features Insulated Windows
Exterior
Foundation Stone
Roof Tar/Gravel
Construction Brick
Parking Desc Off Street
Exterior Features Balcony/Deck
Patio/ Porch Deck
Lot Desc Corner Lot
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Electricity Circuit Breakers, Individually Metered
Water Source Public
Location
County Worcester
Community Features Public Transportation, Park, Laundromat, Highway Access, House Of Worship, Public School, University
Zoning RG-5
APN M:06 B:17C L:00044, 1768374
Directions Use GPS For Exact Direstions
Multifamily Details
Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
Net Operating Income 180726
Operating Expense 71382
Total Actual Rent 8572
Financial Data Source Owner
Expense: Water/ Sewer 12800
Gross Income 252108
Expense: Electricity 2402
Gross Scheduled Income 12957
Lot/ Land Details
Road Frontage Public
$2.26M
Range: $2.06M-$2.47M
Last 30 days 
  • Aug 2026
    mls logo MLS # 73475427
  • Aug 12, 2026 Sold
    $2,300,000 (-4.1%)
  • Feb 9, 2026 Listed
    $2,399,000 (+35.2%)
  • Jun 2023
    mls logo MLS # 73097325
  • Jun 10, 2023 Sold
    $1,775,000 (-10.8%)
  • Apr 20, 2023 Listed
    —
  • Apr 18, 2023 Active
    —
  • Apr 11, 2023 Listed
    $1,990,000 (+261.8%)
  • Feb 2017
    mls logo MLS # 72030541
  • Feb 2, 2017 Sold
    $550,000 (-7.6%)
  • Sep 19, 2016 Price Change
    $595,000 (-4.8%)
  • Jun 28, 2016 Listed
    $625,000 (+1.6%)
  • Jul 2006
    Public Records
  • Jul 20, 2006 Sold
    $615,000 (+12.2%)
  • Feb 2004
    Public Records
  • Feb 27, 2004 Sold
    $548,000
  • Year Property taxes Tax assessment
  • 2025
    $24,495 +32.4%
    $1,857,100 +38.05%
  • 2024
    $18,497 -8.0%
    $1,345,200 -4.07%
  • 2023
    $20,108 +13.2%
    $1,402,200 +20.11%
  • 2022
    $17,756 +20.0%
    $1,167,400 +28.41%
  • 2021
    $14,800 +10.7%
    $909,100 +15.57%
  • 2020
    $13,372
    $786,600
  • 2 Preston St
    $2.3M
  • Main Middle
    $380K +38% y/y
  • 01610
    $425K
  • Worcester
    $429K -4% 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
4/10
Chandler Elementary Community School
public Grades K-6
Worcester School District
4/10
University Pk Campus School
public Grades 7-12
Worcester School District
3/10
Doherty Memorial High School
public Grades 9-12
Worcester School District
Source: GreatSchools.org © 2026. All rights reserved.

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