Exceptional 3-family opportunity in the heart of Worcester near Kelley Sqare and within walking distance of Polar Park! Ideal for investors or owner-occupants, this well-positioned property offers three spacious 3-bedroom, 1-bath units with soaring ceilings and generous room sizes. Updated kitchens and baths, along with updated flooring throughout the units; carpeting remains in the third-floor bedrooms. Units 1 & 2 are tenants-at-will, providing existing rental income; Unit 3 is owner-occupied., which offers flexibility for future owner occupancy or additional rental income. Tenants pay their own heat, hot water, gas and electric, helping limit owner-paid utility expenses. Third-party Rentometer data indicates a median rent of approximately $2,200/month for comparable 3BR/1BA rentals within a 2-mile radius, highlighting potential rental upside. Additional features include 6+ paved off-street parking spaces, updated pavement, and storage areas in the back of each unit. Convenient to restaurants, shopping, public transportation, schools, medical facilities, downtown Worcester and major routes. Zoning is Business General (BG-3), providing another long-term potential (buyers and buyer agents to independently verify). A compelling opportunity to acquire a Worcester 3-family with existing income, separate meters, rental upside and long-term investment potential. Showings at first OH on 9/12 & 9/13, 11:30 AM–1:30 PM. Offers due 9/15 at 5 PM.
This home has been viewed 3 times
Last Checked: September 16th, 2026 at 4:29am (Source: MLS PIN #73575067)
Gross Income: $42,000
Gross Expenses: $6,508
Net Income Calc: $35,492
Annual Expenses for 215 Millbury St, Worcester MA 01610
Total Gross Expenses (Calculated)$6,508/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6508
Annual Income & Unit Breakdown for 215 Millbury St, Worcester MA 01610
Total Gross Income (Calculated)$42,000
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 215 Millbury St, Worcester MA 01610
Listing ID73575067
Property TypeMulti Family / 3 Family
Price749000 ($228.63/SqFt)
Style3 Family - 3 Units Up/down
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total3276
Approximate Lot Size (Acres)0.09
Total Parking6
Garage Parking0
Year Built1890
Year Built SourcePublic Records
Year Built DetailsRenovated Since
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningBG-3
Water Views
Water Views Features
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 215 Millbury St, Worcester MA 01610
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsPersonal 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 215 Millbury St, Worcester MA 01610
Real Estate Taxes6508
Tax Year2025
Assessed Value$493,400
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 215 Millbury St, Worcester MA 01610
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 215 Millbury St, Worcester MA 01610