Sold
249 Lincoln St, Worcester, MA
Worcester · MA 01605
- $1,250,000
- Price
- 8
- Beds
- 6
- Baths
- 7256
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
7 Units
Lot size:
6,500 Sq.Ft Lot
Price per square foot:
$179 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
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.
Neighborhood & Transit
249 Lincoln St, Worcester · MA 01605
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 239 days
- Listing Price:
- $1,300,000
- Price per Sq.Ft:
- $179
- Tax Assessment:
- $895,200 in 2026
- Taxes:
- $1,520 / Monthly
Home Facts
Interior Features
- Bedrooms
- 8
- Full Bathrooms
- 5
- Half Bathrooms
- 2
- Living Area
- 7,256 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 7256
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 100 Amps
Exterior Features
- Lot Size
- 6,500 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Ethan Lazar
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73484138