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Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer's agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.

More Info

Basic Information

  • Gross Income $108,000
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:07 B:023 L:00001,1769149

Tax Information

  • Tax Assessed Value $383,000
  • Tax Year 2022
  • Taxes$5,825

Parking

  • Parking Spaces4

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms10
  • Full Bath4

Basic Information

  • List Price$753,000
  • MLS Number73567595
  • Modification Date08/25/2026
  • Property SubType4 Family

Location

  • Address73 Southgate Street
  • Building Number73
  • CountyWorcester
  • StateMA
  • StreetSouthgate Street
  • TownWorcester
  • Zip01603

Building

  • Building Area Units Square Feet
  • FoundationGranite
  • Levels 3
  • Rooms15
  • Stories3
  • Units4
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.12

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,087
  • Lot Size Square Feet 5,105
  • Lot Size Units Acres
  • Square Feet4,087
  • View YN Yes

Legal

  • ZoningMixed USe

Other

  • Date Listed08/24/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Mulryan and Maher Group of Lamacchia Realty,Inc.

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