5 Freeland Terrace

Price
Listing Tags
—
Beds
18
Size
3198 sqft
Type
Three-Family

Overview

Three-unit Victorian in Worcester's recovery corridor — 18 beds, coin-op laundry, and a dense referral network within walking distance. Offered at $7,000 a month.

Lease and Income Structure

5 Freeland Terrace is a three-unit Victorian multifamily in Worcester, Massachusetts, offered on a master lease at $7,000 per month. The property is configured for 18 shared beds across three 3-bedroom apartments — each floor is its own unit with a living room, eat-in kitchen, family room, and full bath, and the basement holds coin-operated laundry for resident use.

Worcester

Worcester is one of the most active recovery housing markets in New England. AdCare Hospital is a few miles away and generates consistent detox step-downs. CleanSlate, Eleanor Health, and SaVida Health run MAT outpatient clinics with high referral volume throughout the city. Spectrum Health Systems operates one of the larger outpatient networks in the region, and Jeremiahs Inn and Hector Reyes House are well-established residential programs whose graduates regularly need sober living next. UMass Memorial Medical Center is the region's largest hospital system and a steady source of recovery referrals.

The city is served by MASH — the Massachusetts Alliance for Sober Housing — and most referral sources in the state look specifically for MASH-certified homes. Worcester has strong WRTA bus service, which matters for residents without a car. Clark University is two blocks from the property, anchoring the neighborhood as a quiet residential area rather than commercial.

The property

Built in 1890, the building is three stories with vinyl siding, a covered front porch, a fenced yard, and street parking. Each of the three units mirrors the others: living room, family room, eat-in kitchen, three bedrooms, and one full bath. Floors are a mix of hardwood, tile, and vinyl. Heat is gas or electric per unit; window air conditioning is in place. The basement holds coin-operated laundry — both an amenity for residents and a revenue line for the operator.

Total above-grade living space is approximately 3,198 square feet, plus a finished basement of roughly 1,066 square feet, on a 2,860 sq ft lot.

Operating in Massachusetts

A peer-run sober living home that delivers no clinical treatment generally does not require a BSAS license in Massachusetts. MASH certification is the standard referral sources look for — it signals compliance with NARR standards, proper insurance, and on-site house management. Worcester's concentration of AdCare, Spectrum, and court-involved referral sources means MASH-certified homes fill faster and hold occupancy better than uncertified ones.

Key property details

Address: 5 Freeland Terrace, Worcester, MA 01603
Property type: 3-unit multifamily (3 stories)
Year built: 1890
Building size: ~3,198 sq ft above grade + ~1,066 sq ft finished basement
Bedrooms / Baths: 9 BD / 3 BA (3 per unit)
Total beds: 18 (shared)
Asking lease: $7,000/month
Laundry: Coin-op in basement

Diligence

Confirm the bed count and occupancy configuration with the owner before building a lease-up plan. Worcester has zoning rules and state fair housing protections for recovery residences — verify the certificate of occupancy and any regulatory history. After that: unit condition, what the owner delivers at signing, and the MASH certification timeline if you are not already certified.

Property Financials
Bed Data
Shared Beds 18
Total Beds 18
Vacancy Rate (estimated) 20%
House Mentors 1.5
Revenue-Producing Beds 12.50
Weekly Rent $175.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $163,800.00
Less: Vacancy & Loss $32,760.00
Less: Mentor Rent Credit $13,650.00
Plus: Intake Fee Revenue $5,600.00
Plus: Laundry Service Revenue $2,912.00
Total Revenue $125,902.00
Expenses (Annual)
Operating Expenses $19,955.00
Property Insurance $2,600.00
Operator Compensation $24,000.00
Valuation
Capitalization Rate 8.50%