249 Lincoln StreetWorcester, MA 01605MLS Number 73484138

  • Price: $1,300,000
  • Est. Mortgage of $/month
  • 67 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
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Under Agreement
249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605249 Lincoln Street Worcester MA 01605
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  • 8Bedrooms
  • 0.15Acreage
  • 7Bathrooms
  • 1920Year Built

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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.
Listed by Ethan Lazar of Horvath & Tremblay

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More Info

Basic Information

  • Gross Income $172,320
  • Mls StatusUnder Agreement
  • Parcel Number M:09 B:013 L:00010,1770992

Location

  • Address249 Lincoln Street
  • Building Number249
  • CountyWorcester
  • StateMA
  • StreetLincoln Street
  • TownWorcester
  • Zip01605

Utilities

  • Electric 100 Amp Service
  • Electric Expense 504
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesMedical Facility

Legal

  • ZoningBL-1

Tax Information

  • Tax Assessed Value $895,200
  • Tax Year 2026
  • Taxes$18,245

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 6
  • Bedrooms8
  • Full Bath5
  • Half Baths2

Building

  • Building Area Units Square Feet
  • FoundationStone
  • Levels 5
  • Rooms21
  • Stories5
  • Units7
  • Year Built1920
  • Year Built Details Actual
  • Year Built Source Public Records

Other

  • Date Listed03/09/2026
  • Farm Land Area Units Square Feet

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces4

Basic Information

  • List Price$1,300,000
  • MLS Number73484138
  • Modification Date05/04/2026
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date04/27/2026

Property

  • Acreage0.15

Property Information

  • Building Area Source Public Records
  • Living Area 7,256
  • Lot Size Square Feet 6,500
  • Lot Size Units Acres
  • Square Feet7,256

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Real Brokerage

617-293-8070
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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