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$4,199,000
Est. payment /mo
15,239 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,239 sqft
Price per Sqft $275
MLS Listing ID 73573445
HOA Y/N false
Year Built 1890
Annual Tax Amount $39,826
Tax Year 2026
Lot Size 0.910 Acres
Acres 0.91
Property Description
An exceptional opportunity to acquire a four-property investment portfolio at the highly visible corner of Highland Street and Park Avenue in Worcester. The portfolio consists of two rooming houses, a three-family building, and a single-family residence, providing multiple income streams and strong, consistent cash flow. The buildings have benefited from extensive updates, improvements, and renovations, including new roofs, siding, windows, central heating and air conditioning, and numerous cosmetic upgrades. The portfolio also features a stabilized rent roll, tenants at will, extensive street frontage, and ample off-street parking. The single-family residence is currently undergoing additional cosmetic improvements, which are expected to be completed prior to closing. Beyond the existing income, current zoning may offer the potential to develop an additional six-unit building, subject to buyer due diligence and all required city approvals. This is a truly hard-to-replicate location, just minutes from Elm Park, WPI, MCPHS University, downtown Worcester, and I-290. With reliable income in place, substantial improvements already completed, and meaningful potential for future growth, this portfolio presents an exciting opportunity for an experienced investor seeking a significant position in one of Worcester's most desirable and active neighborhoods. Portfolio sale only. Financial information through 2026 is available to qualified buyers.
Location
State MA
County Worcester
Zoning RS-7, BO-1
Direction Intersection of Park Avenue and Highland Street.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 220 Volts
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
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Listed by RE/MAX Partners
NEARBY SCHOOL & BUSINESS
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