923 W Boylston St, Worcester, MA, 01606 | 2.21% Rental Yield

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Price: $300K - 500K

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923 W Boylston St, Worcester, MA, 01606 | 2.21% Rental Yield | Ziffy

For Sale

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 923 W Boylston St, Worcester, MA, 01606 offers a 2.21% rental yield on a $1,150,000 purchase with $2,117/mo rent. 84% in year one. Equity gained on principal adds $7,421/yr while 5% annual appreciation supports $317,724 over five years. Portfolio math shows five-year ROI at 16.75% and total cumulative return in cash at $62,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,117/mo property income against a $5,629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1912

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Unique multi-unit property offering flexibility for living or investment! The main house features a spacious first-floor 2-bedroom layout with a large kitchen, dining room, and living room, plus a private 1-bedroom suite with kitchenette. In 2005, two additional apartments were added, each with central heat/AC, large kitchens, and potential to add extra bedrooms. A wide breezeway connects the main home to the newer units, perfect for storage, office use, or recreation. Outside, a large parking area accommodates 12+ vehicles. Well maintained by the same family for decades, this property has seen many updates and renovations over the years, making it an excellent opportunity for multi-generational living or income-producing potential.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01606, Worcester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,102 (100%)
Owner Occupied HU	5,796 (57.4%)
Renter Occupied HU	3,863 (38.2%)
Vacant Housing Units	443 ( 4.4%)
Median Home Value	$397,630
Average Home Value	$429,485