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For Sale

7-11-15 Lancaster Street, Worcester MA 01609

Worcester, MA 01609

$1.35M
25 BD · 17 BA · 12,144 sf · 0.4 ac · Built 1960
The residence

Fully rented, 100% collected with long tenant history. Units are contemporay style with w/w and tile baths. Easy to rent, turnover and manage. Approximate 10% increase potential to Rent Schedule. Conversion to individual gas-fired heat eligible for Gas Co rebate of $1500-$1800 per unit. Gas is run to buildings and all seperate baseboard loops are exisiting. Proforma NOI of $127K has potential to $140-145K. Excellant long term hold or 1031 exchange property.

At a glance
Property type
5+ Family - 5+ Units Up/Down
Status
Active
Year built
1960
Lot size
0.4 acres
Living area
12,144 sf
MLS#
924a137d4521f97fa93a14a638a0d672
Beds · Baths
25 · 17
Location

Worcester, MA.

Worcester is a hill city of triple-deckers, mills turned to new use, and a revived downtown around the theatre and the canal district. It sits at the crossing of the Mass Pike and I-290, roughly midway between Boston and the Connecticut River.

Estimated Monthly Payment+
$7K/mo
Approximate · principal & interest only
Display Currency
$1.35M

Indicative conversion — settlement always in USD.

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Listings updated Oct 1, 2026

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