106 Mill St, Worcester MA 01603
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37 photos

$819,900

106 Mill St, Worcester MA 01603
Worcester, MA 01603
Listed by Carlena Desmond
Bedrooms
9
Bathrooms
5
Living area
3,632 sqft
Year built
1920

About this home

Exceptional Worcester investment opportunity offering strong existing income and future value-add potential! Generating approximately **$108,000 in annual gross income, including income from the detached garage**, this substantial multifamily offers more than **3,600 sq. ft. of living area**, 5 baths and a flexible layout providing multiple income-producing spaces. The detached two-car garage is currently rented for **$500 per month**, contributing to the property's overall income. Converted from oil to **natural gas**, the property also offers an impressive **9 off-street parking spaces**—a valuable feature for a multifamily investment. Situated on an oversized **15,026± sq. ft. lot bordering two streets**, the property may offer intriguing possibilities for future expansion, subdivision or other value-add opportunities, subject to buyer due diligence and all required municipal approvals. Additional features include a full basement with workshop and storage space, two enclosed three-season porches offering additional usable space, hardwood flooring in portions of the property, and a generously sized backyard. Located in Worcester's **Webster Square area**, the property is conveniently situated **near Coes Pond and its recreational amenities**, while also providing easy access to shopping, restaurants, parks, public transportation and major commuter routes. With strong current income, abundant parking, a substantial lot and opportunities to further enhance the property over time, this is an outstanding opportunity for an investor looking to add an income-producing Worcester multifamily to their portfolio. **Invest now, generate income today, and explore the possibilities for tomorrow!**

Property details

MLS #
73551599
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
34
On market date
July 17, 2026
Stories
3
Garage spaces
2
Lot size
0.34 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Columbus Park
0.28 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
377
Student:teacher ratio
12.6:1
District
Worcester
Middle
Sullivan Middle
1.34 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
870
Student:teacher ratio
11.0:1
District
Worcester
High
University Pk Campus School
0.56 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
233
Student:teacher ratio
11.1:1
District
Worcester

Mortgage calculator

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Est. monthly payment
$5,088/mo
$163,980 down
$655,920 loan
Principal & interest$4,254
Property tax (est.)$683
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 7 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.