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92 Mill St, Lancaster MA 01523

$845,000

Estimated $2,031.08/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $281,666.67

Total Rent: 99000/year

Estimated CAP Rate: 10.78%

9 Bedrooms

4 Full, 2 Half Baths

3,557 SqFt

Total Parking: 10

19,166 SqFt

Updated 3-family with in-law unit and a large barn currently being prepared for residential conversion. Property generates $8,250 per month in rent, with all tenants TAW, offering options for future occupancy or adjustments. Recent updates include renovated kitchens and baths, new roof, siding, windows, electrical upgrades, and newer heating systems and hot water heater. Unit 1 offers 5 bedrooms, 1.5 baths, new flooring, and a fully updated kitchen and bath, providing a single-family feel. Units 2 and 3 each offer 2 bedrooms and 1 bath. The barn provides additional space with future potential. Set on a nearly half-acre lot with 10 off-street parking spaces and convenient access to shopping, dining, and major routes, this property offers versatility and a rare combination of space and updates.

This home has been viewed 138 times

Last Checked: December 9th, 2025 at 7:48am (Source: MLS PIN #73354159)

Gross Income: $99,000

Gross Expenses: $7,931

Net Income Calc: $91,069

CAP Rate: 10.78%

Annual Expenses for 92 Mill St, Lancaster MA 01523

Total Gross Expenses (Calculated)$7,931/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,931

Annual Income & Unit Breakdown for 92 Mill St, Lancaster MA 01523

Total Gross Income (Calculated)$99,000

Unit 1

Rental Income$3,850

LeaseY

Bedrooms5

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$2,200

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,400

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 92 Mill St, Lancaster MA 01523

Listing ID73354159

Property TypeMulti Family / 3 Family

Price$845,000 ($237.56/SqFt)

Style3 Family

CityLancaster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,557 SqFt

Approximate Lot Size (Acres)0.44 acres

Total Parking10

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionStone,Granite

Accessible Features

Outdoor SpaceEnclosed

ZoningRes

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 92 Mill St, Lancaster MA 01523

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$99,000

Total Net Income By Broker$68,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 92 Mill St, Lancaster MA 01523

Real Estate Taxes$7,931

Tax Year2025

Assessed Value$490,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$99,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$68,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)10.78%

Location Information for 92 Mill St, Lancaster MA 01523

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s), Stable(s), Private School

Contact Information for 92 Mill St, Lancaster MA 01523

Agent

Name: Ben Hicks

Office

Name: Bridgemont Realty LLC

Phone: 617-529-0751

Payment Calculator

, Interest

Property Taxes 660.92

Principal & Interest 5206.62

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Bridgemont Realty LLC

Ben Hicks

Agent Phone

Office Phone

(617) 529-0751

Text Agent Call Agent Call Office

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EXIT

Active

92 Mill St, Lancaster MA 01523

$845,000

Annual Expenses for 92 Mill St, Lancaster MA 01523

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Exclusive Listing Agent

Bridgemont Realty LLC

Ben Hicks