7 Lyon Street

Worcester, MA 01604

$775,000
Price
9
Beds
3
Baths
3,260 Sq. Ft.
$238 / Sq. Ft.
3,260
Sq. Ft.
$238
per Sq. Ft.

Description

Unlock a premier investment opportunity with 7 Lyon Street, a fully stabilized three-family property located just off Shrewsbury Street in Worcester. This well-maintained gem offers an excellent blend of stability, modern amenities, and strong rental potential, making it a prime addition to any investment portfolio. Situated just off the vibrant Shrewsbury Street, this property enjoys proximity to an array of restaurants, shops, and entertainment options. The location offers excellent connectivity...Unlock a premier investment opportunity with 7 Lyon Street, a fully stabilized three-family property located just off Shrewsbury Street in Worcester. This well-maintained gem offers an excellent blend of stability, modern amenities, and strong rental potential, making it a prime addition to any investment portfolio. Situated just off the vibrant Shrewsbury Street, this property enjoys proximity to an array of restaurants, shops, and entertainment options. The location offers excellent connectivity to major highways and downtown Worcester, ensuring consistent tenant interest and high occupancy rates. For experienced investors seeking a high-performing, income-generating asset with modern updates and minimal risk, 7 Lyon Street represents a compelling opportunity. Contact us today to explore this exceptional property and see how it can fit into your investment strategy!
  1. Listed by Benjamin Kovacs • Young Realty Group, LLC
  2. Listed by Mark Savage • Young Realty Group, LLC

Property Details for 7 Lyon Street

Town
Worcester
Area
MA-Worcester
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2
LISTING UPDATED: 09/13/2024 09:21 AM

Property Details for 7 Lyon Street

StatusActive
MLS #73286416
Days on Market14
Taxes$7,314 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyWorcester County

Building Information for 7 Lyon Street

Stories6Residences3Year Built1900Building Size-Lot Size0.11 AC / 4,595 SF

Property Information for 7 Lyon Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Laundromat, Highway Access
  • Living Area: 3260.0
  • Color: Gray
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Unknown/Mixed
  • Year Built Source: Public Records
Location/School
  • Grade School: City View
  • High School: Worcester Tech
  • Middle School: Worcester East
Features
Interior Features
  • Appliances: Washer, Dryer
  • Basement Features: Unfinished Basement
  • 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
  • Flooring: Vinyl, Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Fenced Yard, Porch - Enclosed
  • Fencing: Fenced
  • Lot Description: Level
  • Patio And Porch Features: Enclosed
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Electric: 100 Amp Service
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
Tax Information
  • Tax ID: M:16 B:034 L:00035,1778658
  • Assessments: $531,900
  • Book: 67868
  • Tax Year: 2024
  • Zoning: BG-2
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Cooling Units: 3
  • Cooling Zones: 3
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • GOI: $78,000.00
  • NOI: $78,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • 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: $6,500.00

Property History for 7 Lyon 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 7 Lyon Street

Taxable ValueLand$76,500Additions$455,400Total$531,900
Tax Record2024$7,314 ($610 / month)
Home Facts
Baths3Total Finished SqFt3,260 SqFtAbove Grade Finished SqFt3,260 SqFtUnfinished Basement SqFt1,249 SqFtStories3Lot Size4,595 SqFtStyleTriplexYear Built1900ZoningBG-2CountyWORCESTERAPNWORC M:16 B:034 L:00035

Schools near 7 Lyon 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
PublicPK to 6

Chandler Magnet
PublicPK to 6

City View
PublicPK to 6

Worcester East 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

7 Lyon Street is a multi-family home for sale in Worcester, MA 01604. This property was listed for sale on September 6, 2024 by Young Realty Group, LLC, it's currently listed at $775,000. It has been on the market for a total of 14 days and was last sold on July 6, 2022. This listing's school district is Worcester School District. Nearby schools include Jacob Hiatt Magnet, Chandler Magnet and City View. 7 Lyon Street is a 9-bed, 3-bath, 3,260 sqft multi-family home built in 1900.

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 Young Realty Group, LLC, Benjamin Kovacs; Young Realty Group, LLC, Mark Savage

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.