3 family in Worcester

[Viktor S.]

Hello,

My name is Viktor and I'm new the forum. I come today to ask about buying multi-family (non-commercial) in the Worcester area. I have been searching in multiple towns in Massachusetts, mostly in the eastern side of the state. (Greater Boston, South Shore). I recently started looking into Worcester and some of the deals I have assessed have made sense in regard to ROI and cash flow.

What I am not familiar with is the Worcester area. I understand it is a diverse population but I am wondering if anyone who has experience in the Worcester area can help me get on a more specific path in regards to what neighborhoods to stay away from and which would make a good multi-family investment. Which neighborhoods would bring in good tenants and which neighborhoods would you not want to live / buy in? 

Thanks for taking the time to read this and I look forward to any responses!

[Jonathan Bombaci]

 we do quite a bit in the Worcester area and I actually have 3 investor focused agents who live in Worcester. @Andrew Freed is one of them and us pretty vocal on these forums. I don’t know Worcester well but my Worcester agents sure do. I’m sure one of them can help you narrow down locations.

We also host a free monthly meetup in Worcester. I think the next one is on 3/16 and it’s posted here on BP under the events tab under the name “Pints & Properties”. The events tab can be difficult to navigate so if you’re interested and have trouble finding it please let us know. 

Best,

Jon