249 Lincoln St, Worcester, MA 01605
- Beds
- 8
- Baths
- 7
- Sqft
- 7,256
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
249 Lincoln Street is a fully renovated mixed-use investment property located in Worcester, MA. The three-story building consists of seven (7) total units, including four 2-Bedroom/1-Bathroom apartments, one Studio apartment, and two Commercial units. The property contains approximately 7,135 square feet of gross living area within 11,635 square feet of gross building area and is situated on a 0.15-acre parcel with over four off-street parking spaces.The residential units have been recently renovated, helping drive strong rental income while minimizing future capital expenditures. Each unit is separately metered for heat, hot water, and electricity, which tenants pay directly, improving overall net operating income. The commercial units provide stable income with more than three years remaining on both leases each with annual increases.The property strategically sits less than one block from UMass Memorial Medical Center – Hahnemann Campus and is offered at an 8.68% cap rate.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 5
- Number of bedrooms
- 8
- Number of bathrooms
- 7
- Square feet
- 7,256
- Lot size (acres)
- 0.15
- Year built
- 1920
Exterior features
- Horse amenities
- Stable
Utilities
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2026)
- $18,245
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73484138 Last checked: …
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