249 Lincoln St | Image 1
New
249 Lincoln St | Image 2
249 Lincoln St | Image 3
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249 Lincoln St | Image 7

$1,300,000

For Sale

5 hours ago

MLS® 73484138

8 Bed

7 Bath

7256 sqft

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7256 sqft
Garage No
Taxes $18,245
Days Active 0
Lot Size 0.15 acres
Approx. Age 1920
Avg. Price Per Sqft $179
MLS® Number 73484138

Property Address: 249 Lincoln St, Worcester, MA, 01605-2100

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number73484138
Laundry Level
Central VacNo
FireplaceNo
Acreage0.15
Exterior
GarageNo
Approx. Age1920
Basement
DrivewayPaved Drive, Off Street
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$1,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
249 Lincoln St, Worcester, MA

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