Incredible mixed-use investment opportunity in the heart of Worcester! 139 Grand Street is home to Guertin’s Café—Worcester’s oldest bar—originally opened in 1905 and reopened in 2024. The property includes three residential units: two have been fully renovated and are leased to Clark University students, while the third is vacant and ready for renovation, offering strong value-add potential. The commercial space on the first floor is occupied by the café’s owner, who is willing to sign a sale-leaseback, providing immediate income. Located just minutes from Clark University, this asset offers a stable rental base with room to increase cash flow. Ideal for investors looking to blend historic charm with modern returns. With strong rental demand in the area, proximity to Clark University, and upside potential through both residential and commercial income growth, 139 Grand Street represents a compelling investment.
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Last Checked: October 10th, 2025 at 9:53am (Source: MLS PIN #73382803)
Gross Income: $82,800
Gross Expenses: $33,751
Net Income Calc: $49,049
CAP Rate: 5.16%
Annual Expenses for 73 Southgate, Worcester MA 01603
Total Gross Expenses (Calculated)$33,751/year
APOD AvailableYes
Heating$7,500
Electricity$7,500
Water$4,000
Gas$4,000
Insurance$5,963
Sewer$4,000
Trash Removal
Repair & Maintenance$3,000
Management
Miscellaneous
Real Estate Tax$5,788
Annual Income & Unit Breakdown for 73 Southgate, Worcester MA 01603
Total Gross Income (Calculated)$82,800
Unit 1
Rental Income$2,500
LeaseY
Bedrooms0
Bathrooms2 Half
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,600
LeaseY
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$1,800
Lease
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
General Information for 73 Southgate, Worcester MA 01603
Listing ID73382803
Property TypeMulti Family / 3 Family
Price$950,000 ($123.96/SqFt)
Style3 Family
CityWorcester
CountyWorcester
MLS Area
Neighborhood(s)
Approximate Living Area Total7,664 SqFt
Approximate Lot Size (Acres)0.12 acres
Total Parking2
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningBL-1
Zoning DetailsLegal Conforming
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 73 Southgate, Worcester MA 01603
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$25,893
Total Gross Income By Broker$87,600
Total Net Income By Broker$57,893
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 73 Southgate, Worcester MA 01603
Real Estate Taxes$5,788
Tax Year2024
Assessed Value$476,400
Financial Data SourceOwner
Total Gross Expenses By Broker$25,893
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$87,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$57,893
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.16%
Location Information for 73 Southgate, Worcester MA 01603
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesPublic School, Laundromat, Public Transportation, T-station, University
Contact Information for 73 Southgate, Worcester MA 01603