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166 Millbury Ave, Millbury MA 01527

$479,999

Estimated $1,007/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $239,999.50

Total Rent: 45600/year

Estimated CAP Rate:

2 Bedrooms

Baths

2470

Total Parking: 15

16,165 (0.37)

Rare mixed-use opportunity offering flexibility for investors, business owners, and owner-occupants. Situated on a huge lot with tons of parking, this property has a 1st floor commercial space currently configured as a salon and a spacious residential unit above. The commercial space has multiple stations, wash sinks, waiting area, laundry , and a restroom - ideal salon, barber, office, or retail space. The 2nd floor apartment offers generous living space with 2 bedrooms, large living and dining areas, and a unique loft. Separate utilities provide flexibility for owner occupancy or rental income. Conveniently located with easy access to Rt 20, Rt 146, the Pike, shopping, restaurants, and local amenities. Whether you’re looking to operate your business downstairs while living upstairs, add a mixed-use asset to your portfolio, or explore redevelopment potential, this property presents a unique opportunity in a desirable Millbury location. Seller is open to a lease-back for investors.

This home has been viewed 11 times

Last Checked: June 7th, 2026 at 5:53am (Source: MLS PIN #73528305)

Gross Income: $45,600

Gross Expenses: $2,742

Net Income Calc: $42,858

Water Views

Annual Expenses for 166 Millbury Ave, Millbury MA 01527

Total Gross Expenses (Calculated)$2,742/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax2742

Annual Income & Unit Breakdown for 166 Millbury Ave, Millbury MA 01527

Total Gross Income (Calculated)$45,600

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit0

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 166 Millbury Ave, Millbury MA 01527

Listing ID73528305

Property TypeMulti Family

Price479999 ($194.33/SqFt)

StyleMulti Family

CityMillbury

CountyWorcester

Neighborhood(s)

Approximate Living Area Total2470

Approximate Lot Size (Acres)0.37

Total Parking15

Garage Parking0

Year Built1919

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningB2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 166 Millbury Ave, Millbury MA 01527

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator And Some Personal Belongings

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 166 Millbury Ave, Millbury MA 01527

Real Estate Taxes2742

Tax Year2026

Assessed Value$213,060

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 166 Millbury Ave, Millbury MA 01527

Neighborhood(s)

Area Amenities

Contact Information for 166 Millbury Ave, Millbury MA 01527

Agent

Name: Vision Realty Group

Office

Name: LAER Realty Partners

Phone: 844-687-5237

Team Members

Payment Calculator

, Interest

Property Taxes 228.5

Principal & Interest 2957.6

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Vision Realty Group

Agent Phone

Office Phone

(844) 687-5237

Text Agent Call Agent Call Office

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    [unparsed] => 166 Millbury Ave, Millbury MA 01527
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EXIT

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