Listing Tools

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.

More Info

Basic Information

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

Tax Information

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

Parking

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

Rooms

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

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

Location

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

Building

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

Property

  • Acreage0.15

Utilities

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

Property Information

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

Amenities

  • AmenitiesMedical Facility

Legal

  • ZoningBL-1

Other

  • Date Listed03/09/2026
  • Farm Land Area Units Square Feet
  • View Count3

Map Location

Driving Directions

Listed by Ethan Lazar of Horvath & Tremblay

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Castles Unlimited. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.