21-23 Clement St, Worcester, MA, 01603 | 4.77% Rental Yield

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21-23 Clement St, Worcester, MA, 01603 | 4.77% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Worcester at 21-23 Clement St, Worcester, MA, 01603 listed at $649,000 pairs $2,580/mo rent with a $3,177/mo payment. Total monthly income runs $2,580/mo. Return on cash invested measures 11.57% in year one, and rental yield registers 4.77% at a $649,000 basis. Equity gained on principal adds $4,188/yr, and annual property appreciation at 5% supports $179,307 by year five. Five-year ROI tracks 58.22% and total cumulative return in cash totals $124,320. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,580/mo property income relative to a $3,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1918

6,480 sqft lot

$N/A/sqft

No HOA

More details about the property

Incredible investment opportunity just steps from Clark University. This well-located three-family property offers three spacious 2-bedroom units. Two of the units are currently rented on a tenant-at-will basis at $1,500/month each, below market rates, providing potential for increased cash flow. The third unit offers flexibility for an owner-occupant or additional rental income once leased. With strong rental demand from local professionals and students, this is an ideal addition to any investors portfolio. The property sits in a prime location just two blocks from Clark University and minutes from Main Street, with convenient access to restaurants, cafs, University Park, Crystal Park, and major commuter routes. Each unit features two bedrooms, one bath, and comfortable living areas, with the opportunity to add value through updates and modernization. The property also offers separate utilities and a manageable lot for low-maintenance ownership.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01603, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,627 (100%)
Owner Occupied HU	3,865 (40.1%)
Renter Occupied HU	5,141 (53.4%)
Vacant Housing Units	621 ( 6.5%)
Median Home Value	$370,996
Average Home Value	$398,226