REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,300,000
Est. payment /mo
Pending
249 Lincoln St Worcester, MA 01605
8 Beds
6 Baths
7,256 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Pending
Purchase Type For Sale
Square Footage 7,256 sqft
Price per Sqft $179
MLS Listing ID 73484138
Bedrooms 8
Full Baths 5
Half Baths 2
Year Built 1920
Annual Tax Amount $18,245
Tax Year 2026
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
249 Lincoln Street is a fully renovated mixed-use investment property located in Worcester, MA. The three-story building consists of seven (7) total units, including four 2-Bedroom/1-Bathroom apartments, one Studio apartment, and two Commercial units. The property contains approximately 7,135 square feet of gross living area within 11,635 square feet of gross building area and is situated on a 0.15-acre parcel with over four off-street parking spaces.The residential units have been recently renovated, helping drive strong rental income while minimizing future capital expenditures. Each unit is separately metered for heat, hot water, and electricity, which tenants pay directly, improving overall net operating income. The commercial units provide stable income with more than three years remaining on both leases each with annual increases.The property strategically sits less than one block from UMass Memorial Medical Center – Hahnemann Campus and is offered at an 8.68% cap rate.
Location
State MA
County Worcester
Zoning BL-1
Direction Use GPS
Exterior
Community Features Medical Facility
Total Parking Spaces 4
Garage No
Building
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Horvath & Tremblay