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$2,400,000

Est. payment - /mo

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14 Beds

4.5 Baths

10,668 SqFt

Active

709 Main St Worcester, MA 01610

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Tristan R. Rushton

tristan@arborviewcompanies.com +1(617) 755-2394

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Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 10,668 sqft

Price per Sqft $224

MLS Listing ID 73463464

Bedrooms 14

Full Baths 3

Half Baths 3

Year Built 1920

Annual Tax Amount $26,459

Tax Year 2025

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type 5+ Family - Rooming House

Property Description

MASSIVE CORNER LOT PACKAGE SALE in Downtown Worcester! Two adjoining corner parcels. 14,200+ SF of land. Offered at just $169 per SF of land. Underwritten at a POWERFUL 11.5% PRO FORMA CAP RATE ACROSS BOTH LOTS. 703–711 Main St is extensively renovated. Street-level retail is occupied on a modified gross lease by an expanding restaurant, thriving mini-mart, and a beloved neighborhood 14-chair barbershop producing $117,600 with clear upside.The entire second floor was COMPLETELY GUT RENOVATED IN 2025. 14 giant bedrooms. 3 kitchens. 3 full baths. 100% new HVAC, plumbing, and electrical. Approved rooming house license in place! Projected residential income of $184,800 annually. This is true income-producing urban infill in the heart of downtown Worcester. Immediate yield. Efficient basis. Long-term redevelopment and density upside. Assets like this almost never come to market. Move quickly.

Location

State MA

County Worcester

Zoning BG-3

Direction Located at the corner of Main Street and Charlton Street in downtown Worcester

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University

Roof Type Rubber

Total Parking Spaces 25

Garage No

Building

Lot Description Corner Lot

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Bridgemont Realty LLC

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Tristan R. Rushton

Realtor | License ID: 9067379

+1(617) 755-2394

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709 Main St Worcester, MA 01610

Tristan R. Rushton

Key Details

Location

Exterior

Building

Others

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709 Main St