$899,900
12
Beds
3
Baths
3,534
Living Area
-
Property Description
Exceptional income-producing investment opportunity featuring an approved 12-room lodging house configuration with extensive life-safety and infrastructure upgrades. Currently operated as a 12-room lodging house, the property offers strong income potential, commercial sprinkler protection, addressable fire alarm system with central station monitoring, hardwired smoke and carbon monoxide detection, comprehensive security camera coverage, and coin-operated laundry facilities.Current ownership has invested significantly in the property, including approval for conversion from a three-family to a 12-room lodging house, sprinkler installation, fire alarm upgrades, electrical improvements, plumbing upgrades, deck and porch replacement, and numerous additional capital improvements. The property is configured for efficient operation and has historically generated strong room-rental income.Conveniently located near downtown Worcester, colleges, hospitals, major employers, public transportation, and neighborhood amenities. A unique opportunity for investors seeking a high-income property with substantial capital improvements already completed.Buyer is responsible for conducting all due diligence regarding licensing, approvals, occupancy, and future use. Any permits, licenses, certificates, approvals, or registrations required after transfer of ownership shall be the responsibility of the buyer.
-
Highlights
- Levels: 3
- Property Type: 3 Family
- Total Rooms: 15
- Status: Active
- Property Class: Residential Income
- Stories: 3
- Year Built: 1890
-
Additional Details
- Appliances: Range, Refrigerator, Washer, Dryer
- Foundation: Stone
- Lot Features: Other
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Concrete
- Interior Features: Kitchen
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Rg-5
-
Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School
- Security Features: Security System
-
Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $553,300
- Taxes: $7,348
- Tax Year: 2026
- Total Rent: $10,725
Similar Listings
Sold
41 Photos
Sold
40 Photos
Sold
1 Photo
Sold
37 Photos
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Coldwell Banker Realty - Worcester.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.