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Sarah Greco

sarah@sarahgrecoproperties.com +1(978) 761-1403

$ 2,400,000

Est. payment -/mo

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Active

709 Main St Worcester, MA 01610

14 Beds

4.5 Baths

10,668 SqFt

UPDATED:

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

SCHOOLSPROPERTIES

Elementary Schools 20

7

Jacob Hiatt Magnet

Public | PK - 6
6

Flagg Street

Public | KG - 6
6

Midland Street

Public | KG - 6
5

Tatnuck

Public | KG - 6
5

Heard Street

Public | KG - 6
5

Gates Lane

Public | PK - 6
5

May Street

Public | KG - 6
5

Nelson Place

Public | PK - 6
5

Union Hill School

Public | PK - 6
5

Belmont Street Community

Public | PK - 6
5

Thorndyke Road

Public | KG - 6
4

Chandler Magnet

Public | PK - 6
4

Columbus Park

Public | PK - 6
4

Woodland Academy

Public | PK - 6
4

Canterbury

Public | PK - 6
3

Francis J Mcgrath Elementary School

Public | PK - 6
3

Vernon Hill School

Public | PK - 6
3

City View

Public | PK - 6
3

Rice Square

Public | KG - 6
2

Seven Hills Charter School

Public | KG - 8

Middle Schools 9

6

University Pk Campus School

Public | 7 - 12
3

Claremont Academy

Public | 7 - 12
3

Forest Grove Middle School

Public | 7 - 8
3

Burncoat Middle School

Public | 7 - 8
3

Worcester East Middle School

Public | 6 - 8
0

Spirit of Knowledge Charter School

Public | 7 - 12
0

G Stanley Hall School

Private | 7 - 8
0

Worcester Academy

Private | 6 - 12
0

Holy Name Central Catholic Jr/Sr High School

Private | 7 - 12

High Schools 6

7

Ma Academy for Math and Science School

Public | 11 - 12
5

Worcester Technical High School

Public | 9 - 12
4

Doherty Memorial High School

Public | 9 - 12
1

Burncoat Senior High School

Public | 9 - 12
1

North High School

Public | 9 - 12
0

Notre Dame Academy

Private | 9 - 12

School and business data provided by Attom Data.

Sarah Greco

Agent

+1(978) 761-1403

Sarah Greco

709 Main St Worcester, MA 01610

Key Details

Location

Exterior

Building

Others

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709 Main St