229 Lincoln Street

Worcester, MA 01605

$800,000
Price
9
Beds
3
Baths
4,152 Sq. Ft.
$193 / Sq. Ft.
4,152
Sq. Ft.
$193
per Sq. Ft.

Description

Introducing a fantastic investment opportunity in the heart of downtown Worcester! This 3-unit rental property boasts spacious 3-bedroom apartments in each unit, offering the perfect combination of modern living and urban convenience. Each apartment features generously sized bedrooms, bright living spaces, and well-maintained kitchens, making them highly desirable for tenants. With close proximity to Worcester's bustling downtown, residents will enjoy easy access to local restaurants, shops, parks,...Introducing a fantastic investment opportunity in the heart of downtown Worcester! This 3-unit rental property boasts spacious 3-bedroom apartments in each unit, offering the perfect combination of modern living and urban convenience. Each apartment features generously sized bedrooms, bright living spaces, and well-maintained kitchens, making them highly desirable for tenants. With close proximity to Worcester's bustling downtown, residents will enjoy easy access to local restaurants, shops, parks, and public transportation. Whether you're looking to expand your rental portfolio or seeking a property with strong rental income potential, this multi-unit gem is a must-see! Don’t miss out on this prime opportunity! Can be sold as a package with 233 Lincoln St or individually
  1. Listed by Kade Phillips • RE/MAX Legacy

Property Details for 229 Lincoln Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
5
Parking Spaces
15.00
Parking Spaces Total
20

Open Houses

Saturday, Dec 21st

11:00 AM - 12:00 PM

Public

LISTING UPDATED: 12/20/2024 03:14 AM

Property Details for 229 Lincoln Street

StatusActive
MLS #73289285
Days on Market98
Taxes$6,134 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1890
CountyWorcester County

Virtual Tour

Building Information for 229 Lincoln Street

Stories6Residences3Year Built1890Building Size-Lot Size0.19 AC / 8,428 SF

Property Information for 229 Lincoln Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship
  • Living Area: 4152.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Living Room, Dining Room, Kitchen, Laundry Room
  • SpaYN: No
Exterior Features
  • Exterior Features: Fenced Yard
  • Fencing: Fenced
  • View: City View(s)
  • View: Yes
Parking Features
  • Covered Spaces: 5.00
  • Garage: Yes
  • Garage Parking: Off-Street, Common
  • Parking Features: Off-Street, Common
  • Parking Features: Off-Street, Common
Utilities
  • Heating: Natural Gas, Electric
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Unit 1 currently vacant. Unit 2 is TAW. Garage stalls can be rented out to generate additional cash flow. Tenants pay all utilities excluding water & sewer and common area electric.
Tax Information
  • Tax ID: 1770861
  • Assessments: $446,100
  • Book: 68378
  • Tax Year: 2024
  • Zoning: RG-5
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Concrete Perimeter, Brick/Mortar
Income / Expenses
  • GOI: $76,800.00
  • NOI: $76,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 229 Lincoln Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 229 Lincoln Street

Taxable ValueLand$98,000Additions$348,100Total$446,100
Tax Record2024$6,134 ($511 / month)
Home Facts
Baths3Total Finished SqFt4,152 SqFtAbove Grade Finished SqFt4,152 SqFtUnfinished Basement SqFt1,456 SqFtStories3Lot Size8,428 SqFtStyleTriplexYear Built1890ZoningRG-5CountyWORCESTERAPNWORC M:09 B:010 L:00003

Schools near 229 Lincoln Street

This home is within Worcester School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - 7 to 8
Rating
School
Distance
Jacob Hiatt Magnet School
PublicPK to 6

Chandler Magnet School
PublicPK to 6

Belmont Street Community School
PublicPK to 6

Burncoat Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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229 Lincoln Street is a multi-family home for sale in Worcester, MA 01605. This property was listed for sale on September 12, 2024 by RE/MAX Legacy, it's currently listed at $800,000. It has been on the market for a total of 98 days and was last sold on May 19, 1995. This listing's school district is Worcester School District. Nearby schools include Jacob Hiatt Magnet School, Chandler Magnet School and Belmont Street Community School. 229 Lincoln Street is a 9-bed, 3-bath, 4,152 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Legacy, Kade Phillips

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.