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Active

249 Lincoln St, Worcester MA 01605

$1,300,000

Estimated $3,628/month Calculator

Multi Family

Total Units: 7

Price Per Unit: $185,714.29

Total Rent: 87600/year

Estimated CAP Rate:

8 Bedrooms

Baths

7256

Total Parking: 4

6,500 (0.15)

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.

This home has been viewed 10 times

Last Checked: March 9th, 2026 at 6:18pm (Source: MLS PIN #73484138)

Gross Income: $87,600

Gross Expenses: $50,863

Net Income Calc: $36,737

Annual Expenses for 249 Lincoln St, Worcester MA 01605

Total Gross Expenses (Calculated)$50,863/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax18245

Annual Income & Unit Breakdown for 249 Lincoln St, Worcester MA 01605

Total Gross Income (Calculated)$87,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 249 Lincoln St, Worcester MA 01605

Listing ID73484138

Property TypeMulti Family

Price1300000 ($179.16/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total7256

Approximate Lot Size (Acres)0.15

Total Parking4

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningBL-1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 249 Lincoln St, Worcester MA 01605

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBar Top In Shed Is Custom And Is Not Included

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 249 Lincoln St, Worcester MA 01605

Real Estate Taxes18245

Tax Year2026

Assessed Value$895,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 249 Lincoln St, Worcester MA 01605

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 249 Lincoln St, Worcester MA 01605

Agent

Name: Ethan Lazar

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 1520.42

Principal & Interest 8010.19

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Ethan Lazar

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

9 More Photos

Active

249 Lincoln St, Worcester MA 01605

$1,300,000

Annual Expenses for 249 Lincoln St, Worcester MA 01605

Annual Income & Unit Breakdown for 249 Lincoln St, Worcester MA 01605

General Information for 249 Lincoln St, Worcester MA 01605

Disclosures for 249 Lincoln St, Worcester MA 01605

Financial Information for 249 Lincoln St, Worcester MA 01605

Location Information for 249 Lincoln St, Worcester MA 01605

Contact Information for 249 Lincoln St, Worcester MA 01605

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Ethan Lazar