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Active

106 Mill St, Worcester MA 01603

$839,900

Estimated $2,063/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $209,975

Total Rent: 102000/year

Estimated CAP Rate:

9 Bedrooms

Baths

3632

Total Parking: 11 (2 Garage)

15,026 (0.34)

Exceptional investment opportunity in Worcester! This income-producing multifamily offers 10 bedrooms, 5 baths, and over 3,648 sq. ft. with a flexible layout designed to maximize rental income. The detached garage generates an additional $500/month in rental income, providing immediate added cash flow. The property has been converted from oil to natural gas for improved efficiency. Situated on a lot bordering two streets, there may be subdivision potential (buyer to perform their own due diligence). Additional features include ample off-street parking, a spacious basement with workshop, two three-season porches offering additional usable space, and a oversized backyard. Conveniently located near schools, parks, shopping, restaurants, public transportation, and major routes, this property offers an outstanding opportunity for investors seeking strong current income with future value-add potential.

This home has been viewed 15 times

Last Checked: July 28th, 2026 at 6:48am (Source: MLS PIN #73551599)

Gross Income: $102,000

Gross Expenses: $8,419

Net Income Calc: $93,581

Annual Expenses for 106 Mill St, Worcester MA 01603

Total Gross Expenses (Calculated)$8,419/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8419

Annual Income & Unit Breakdown for 106 Mill St, Worcester MA 01603

Total Gross Income (Calculated)$102,000

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit0

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 106 Mill St, Worcester MA 01603

Listing ID73551599

Property TypeMulti Family / 4 Family

Price839900 ($231.25/SqFt)

Style4 Family

CityWorcester

CountyWorcester

MLS AreaWebster Square

Neighborhood(s)

Approximate Living Area Total3632

Approximate Lot Size (Acres)0.34

Total Parking11 (2 Garage)

Garage Parking2

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRL-7

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 106 Mill St, Worcester MA 01603

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsElectric Fireplace

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 106 Mill St, Worcester MA 01603

Real Estate Taxes8419

Tax Year2025

Assessed Value$638,300

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 106 Mill St, Worcester MA 01603

Neighborhood(s)

MLS AreaWebster Square

Area AmenitiesWalk/jog Trails

Contact Information for 106 Mill St, Worcester MA 01603

Agent

Name: Carlena Desmond

Office

Name: Lamacchia Realty, Inc.

Phone: 508-425-7372

Payment Calculator

, Interest

Property Taxes 701.58

Principal & Interest 5175.2

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Carlena Desmond

Agent Phone

Office Phone

(508) 425-7372

Text Agent Call Agent Call Office

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    [unparsed] => 106 Mill St, Worcester MA 01603
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EXIT

34 More Photos

Active

106 Mill St, Worcester MA 01603

$839,900

Annual Expenses for 106 Mill St, Worcester MA 01603

Annual Income & Unit Breakdown for 106 Mill St, Worcester MA 01603

General Information for 106 Mill St, Worcester MA 01603

Disclosures for 106 Mill St, Worcester MA 01603

Financial Information for 106 Mill St, Worcester MA 01603

Location Information for 106 Mill St, Worcester MA 01603

Contact Information for 106 Mill St, Worcester MA 01603

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lamacchia Realty, Inc.

Carlena Desmond