249 Lincoln St, Worcester, MA 01605

Worcester
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
249 Lincoln St,Worcester, MA 01605
$1,300,000
  • 8 Beds
  • 7 Baths
  • 7,256 sq. ft.
  • Multi-family
  • Active
Listed by: ethan lazar
Office: horvath & tremblay
MLS#:73484138
Source:MLSPIN

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$179.16

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.

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Home facts

  • Year built:1920
  • Listing ID #:73484138
  • Updated:March 10, 2026 at 10:41 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:7
  • Full bathrooms:5
  • Half bathrooms:2
  • Rooms Total:21
  • Living area:7,256 sq. ft.

Structure and exterior

  • Year built:1920
  • Building area:7,256 sq. ft.
  • Lot area:0.15 Acres
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$179.16
  • Tax amount:$18,245 (2026)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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