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Sold on 10/13/2024

48 Tower St, Worcester, MA 01606

$643,000

Last sold 10/13/2024 for $650K

  • 5

    bed

  • 4

    bath

  • 2,654

    Sqft ($245/Sqft)

Multi-family not for sale
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About 48 Tower St

Property type Multi-family
Neighborhood
Year built 1914
HOA fee $0/month
Lot size 10,000 Sqft
Movoto estimate
Parking 1 garage spaces
Property description
Stunning three unit building in sought after Indian Lake area* Two units on the first floor: Front unit has 2 bedrooms, large living room and kitchen and updated full bath* Rear unit features one bedroom with a living room, kitchen and full bath* Huge second level unit with two bedrooms, living room, dining room, updated full bath and great kitchen* Walkup third floor level is 70% finished with full bath and may be added to second floor* Full basement with bathroom* New siding, roof and windows* Detached one car garage* recent decks and exterior stairs* Close to schools and shopping* minutes to major highways* Walk to a nice beach at Indian Lake park* Fully rented with great tenants!
Listed by
Listing Agent - David Stead
Listing Office - RE/MAX Partners
Source: MLS Property Information Network, Inc. mls logo
MLS#73283806 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 8 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Forced Air, Natural Gas, Electric
Levels/Style 4
MLS # 73283806
Type Residential Income
Status Closed
SubType 3 Family
SqFt 2654
Lot Size (SqFt) 10000
Lot Size (Acres) 0.23
Annual Property Tax 5647
Year Built 1914
Interior
Total # of Bathrooms 4
# Full Baths 4
Total # of Bedrooms 5
Basement Full, Partially Finished, Interior Entry, Concrete
Total # of Rooms 12
Laundry Electric Dryer Hookup, Washer Hookup
Flooring Vinyl, Hardwood
Appliances Range, Refrigerator
Interior Features Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room
Door Features Insulated Doors, Storm Door(s)
Window Features Insulated Windows
Exterior
Foundation Stone
Roof Shingle
Construction Frame
# Covered Spaces 1
Parking Desc Off Street, Unpaved
# Parking Spaces 4
# Garage Spaces 1
Patio/ Porch Porch, Deck
Lot Desc Level
Other Structures Shed(s)
Amenities / Utilities
Sewer Public Sewer
Utilities For Electric Dryer, Washer Hookup
Electricity Circuit Breakers, 100 Amp Service
Water Source Public
Location
Waterfront Beach Front, Lake/Pond, 3/10 To 1/2 Mile To Beach, Beach Ownership(Public)
County Worcester
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Highway Access, House Of Worship, Public School, T-Station, University, Sidewalks
Zoning RL-7
APN M:13 B:016 L:00002, 1775237
Directions West Boylston St To Huntington To Tower
Multifamily Details
Rent Includes Unit 1(Water), Unit 3(Water)
Net Operating Income 49096
Operating Expense 5360
Total Actual Rent 4538
Financial Data Source Estimated
Expense: Water/ Sewer 2000
Gross Income 54456
Expense: Electricity 360
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
Road Surface Paved
$643K
Range: $552K-$733K
Last 30 days 
  • Dec 2022
    mls logo MLS # 73035392
  • Dec 1, 2022 Sold
    $350,000 (-12.5%)
  • Sep 30, 2022 Pending
    —
  • Sep 26, 2022 Listed
    —
  • Sep 20, 2022 Pending
    —
  • Sep 12, 2022 Listed
    $399,900
  • Year Property taxes Tax assessment
  • 2025
    $6,007 +6.4%
    $455,400 +10.88%
  • 2024
    $5,647 -0.8%
    $410,700 +3.48%
  • 2023
    $5,692 +9.0%
    $396,900 +15.58%
  • 2022
    $5,223 +9.5%
    $343,400 +17.2%
  • 2021
    $4,770 +6.1%
    $293,000 +10.78%
  • 2020
    $4,497 -0.2%
    $264,500 +5.67%
  • 2019
    $4,505 +1.9%
    $250,300 +7.01%
  • 2018
    $4,423 +4.6%
    $233,900 +6.32%
  • 2017
    $4,228 +1.8%
    $220,000 +9.13%
  • 2016
    $4,155 +2.7%
    $201,600
  • 2015
    $4,046
    —
  • 48 Tower St
    $650K
  • Indian Lake East
    $405K -5% y/y
  • 01606
    $492K +30% y/y
  • Worcester
    $425K -10% y/y
No chart available
Statistics calculated by Movoto

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4/10
Francis J Mcgrath Elementary School
public Grades PK, K-6
Worcester School District
3/10
Chandler Magnet School
public Grades PK, K-6
Worcester School District
5/10
Jacob Hiatt Magnet School
public Grades PK, K-6
Worcester School District
2/10
Forest Grove 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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