$899,900
About this home
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.
Property details
- MLS #
- 73586316
- Property type
- 3 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 1
- On market date
- October 3, 2026
- Stories
- 3
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.07 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 383
- Student:teacher ratio
- 12.8:1
- District
- Worcester
- Enrollment
- 781
- Student:teacher ratio
- 13.7:1
- District
- Worcester
- Enrollment
- 527
- Student:teacher ratio
- 13.5:1
- District
- Worcester
Walkability
Blended score for Worcester's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Worcester, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 13 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.