Active
3 Days on market
723 Main Warren — Photo 1 of 24

723 Main Warren — Photo 1 of 24

$450,000

723 Main, Warren, MA 01083

Warren, MA 01083

Investor Analysis

Beds

6

Baths

3

SqFt

3,348

Style

3 Family

Built

1897

Excellent opportunity for an investor or owner-occupant with this well-maintained three-family property in Warren. The property offers a strong combination of existing income and immediate rental upside, with two units recently renovated, cleaned, and intentionally left vacant, giving the new owner the flexibility to select their own tenants, establish current market rents, or occupy one of the units.The third unit is currently rented for $1,300 per month, slightly below the estimated market rent of approximately $1,450 per month. The two vacant units are also projected at approximately $1,450 per month each, creating the potential for approximately $4,350 per month / $52,200 annually in gross rental income if all three units were rented at the stated market rent.The available units feature bright, clean interiors, updated kitchens and baths, neutral finishes, and spacious living areas. The property has been prepared for its next owner, allowing for a relatively straightforward transition into leasing the vacant units.Whether you're looking to house hack by living in one unit while collecting rent from the others or add a three-family property with value-add rental potential to your portfolio, 723 Main Street offers multiple options from day one.Two renovated units are vacant and ready for occupancy or new tenants. One unit is currently income-producing at $1,300/month. A great opportunity to acquire a multi-family property with both existing cash flow and room to increase income.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$134/sqft
Local Avg (Warren)$206/sqft
35% BelowMarket Average

* Analysis is based on 12 actively listed and recently sold comparable properties strictly within Warren, MA.

Property Details

Financials

Original Price$450,000
Annual Taxes$2,944

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms18
FireplacesNone
Flooring--
BasementFull, Dirt Floor, Concrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone, Brick/Mortar
ZoningVIL

Property & Lot

Acres0.18
SqFt Lot7,841
Lot FeaturesCleared, Level

Geography

Population

2,858

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$64K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

38.2%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,805 housing units permitted in the last 12 months (+1% vs the prior 12 months) — 1,007 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Elias Kassis

Listing Office: Elias Kassis

MLS® Number: 73579253

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