MA
Worcester
Worcester
01610
709 Main St
709 Main St, Worcester, MA 01610
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Listing Type
Multi Family
Listing Status
Active
21
$2,400,000

Home Details for 709 Main St

Price
$2,400,000
Type
Residential Income
Bedrooms
14
Bathrooms
6.0
Square feet
5568
Year built
1920
Lot size acres
0.33
County
Worcester
Total rooms
24
Garage
Days on site
0
MLS Listing#
73463464
Property Description

RARE DOWNTOWN WORCESTER CORNER LOT PACKAGE. 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 and cash flows immediately. Street-level retail is occupied on a modified gross lease by an expanding restaurant, thriving mini-mart, and beloved neighborhood 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.

Property Features
  • Parking
    • Off Street
    • Paved
  • Water Features
    • Public
Listing Courtesy: Bridgemont Realty LLC - 617-529-0751
Presented by: Ben Hicks
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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