Investment Analysis — 576 Franklin St

Gorgeous city views and extensive updates make this impressive 3-family a standout opportunity for investors or owner occupants! Completely renovated from the studs in 2018 and recently freshly painted throughout, all 3 units are vacant and ready for new tenants at market rents. Each spacious apartment offers 6 rooms, 3 bedrooms and 1 full bath with high ceilings, hardwood flooring, generous living and dining rooms, excellent closet space and bright eat-in kitchens featuring white cabinetry, granite countertops and stainless steel appliances. Tiled baths, Nest thermostats and full-size stackable washer/dryers in EACH unit add convenience and appeal for today’s tenants. Major 2018 improvements included windows, electrical, super-efficient heating systems and hot water tanks, plus a newer shingled roof installed in 2023. A paved driveway provides an exceptional 9 off-street parking spaces! The extra-large lot offers intriguing possibilities for additional value, with potential for a single-family home or ADU—buyer to perform all due diligence regarding feasibility, zoning and permitting. Additional amenities include basement storage, storage shed and backyard space perfect for cookouts and outdoor enjoyment. And don’t miss the front-yard city views—including a terrific spot to watch Worcester’s 4th of July fireworks! A turnkey multi-family in a high-demand rental location with vacant units, substantial improvements, great parking and future potential—an outstanding opportunity to set your own rents and start fresh!