This versatile commercial/residential building offers strong cash flow potential. Centrally positioned on Main Street the ground floor features a 1,365 sq. ft. commercial space, ideal for a restaurant or other business, equipped with: Central air conditioning, Grease deposit for culinary ventures. The second and third floors each boast spacious, sun-filled 3-bedroom apartments. Highlights of Unit 3 include: Refinished hardwood floors, Brand-new kitchen appliances, Updated bathroom. All utilities are separately metered for maximum efficiency. This property presents a fantastic chance for first-time homebuyers, especially those utilizing VA or FHA loans. If you're a business owner with a vision for a venture and want to live in one of the units, this could be the perfect fit. Don't miss out on this chance to own a valuable asset in a central location.
Multi-familyProperty Type
1920Year Built
3,432 sq ftLot Size
$139Est. Price/Sq.Ft.
Listed by Lia Carminati• Be Live in Realty
Bought with Dickens Pierre Louis• Real Broker MA, LLC
Buyer unable to secure financing. A centrally located commercial/residential building features an ample commercial space of approximately 1754 sq feet with central A/C and Zoned General Business; this storefront opportunity has two residential units above. This property is fantastic for running your store and living in an apartment above. Each apartment has three bedrooms, one bath, and hardwood floors. The first floor has a large deck at the rear of the home. Washer and dryer hookups are in each unit. The store has a large open area, a small office in the back, and a bathroom and kitchen sink set up. There is a large basement for extra storage for all supplies.
MLS PIN #72424024
Feb 25, 2019
Sold
$342,500
$73/sq ft
Feb 6, 2019
Pending
—
Dec 26, 2018
Relisted
—
Dec 19, 2018
Price Changed
$349,000
$74/sq ft
Dec 19, 2018
Pending
—
Dec 6, 2018
Price Changed
$338,000
$72/sq ft
Nov 14, 2018
Listed
$339,000
$72/sq ft
+7
Centrally located commercial/residential building, features a large commercial space approx 1,365 sq feet with central A/C, new floors and fresh paint. Just leased for 5 years @$1,500/mo. with 3% annual increases ($1,688 in year 5!!). 2nd and 3rd floor apartments contain spacious and bright 3 bedrooms with refinished floors, brand new kitchen appliances, updated baths and fresh paint throughout. Unit 2 rented at $1,400/mo. Unit 3 rented at $1,000/mo. (market rent $1,500) ALL utilities separate. New roof, gutters, windows. Turn key. Management in Place.
Year
Property tax
Land + Additions
Assessment*
2023
$74,400 + $428,900
$503,300
2022
$59,500 + $342,000
$401,500
2021
$47,600 + $259,700
$307,300
2020
$44,100 + $266,300
$310,400
2019
$41,700 + $181,100
$222,800
2018
$41,700 + $175,900
$217,600
2017
$41,700 + $175,900
$217,600
2016
$32,500 + $161,300
$193,800
2014
$32,500 + $161,300
$193,800
2013
$32,200 + $145,900
$178,100
2012
$32,200 + $177,800
$210,000
2011
$41,200 + $254,300
$295,500
2010
$41,200 + $230,700
$271,900
2009
$74,500 + $223,600
$298,100
Tax history for 1025 Main St
Year
Property tax
Land + Additions
Assessment*
2023
$74,400 + $428,900
$503,300
2022
$59,500 + $342,000
$401,500
2021
$47,600 + $259,700
$307,300
2020
$44,100 + $266,300
$310,400
2019
$41,700 + $181,100
$222,800
2018
$41,700 + $175,900
$217,600
2017
$41,700 + $175,900
$217,600
2016
$32,500 + $161,300
$193,800
2014
$32,500 + $161,300
$193,800
2013
$32,200 + $145,900
$178,100
2012
$32,200 + $177,800
$210,000
2011
$41,200 + $254,300
$295,500
2010
$41,200 + $230,700
$271,900
2009
$74,500 + $223,600
$298,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
3,994
Year built
1920
Style
Other
County
Worcester County
APN
1770354
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 2
# of Bathrooms (Half): 1
Interior Features
# of Rooms (Total): 15
Exterior
Building Information
Building Area (Total): 4,690
Foundation Details: Stone
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Fencing: Fenced/Enclosed
Property Information
PropertySubType: 3 Family - 3 Units Up/Down
Lot Information
Lot Size (Acres): 0.08
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $7,056.65
Tax Year: 2025
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Central, Forced Air
Location
Unit #1 Information
# of Levels: 2
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Location Information
Directions: Follow GPS
UnparsedAddress: 1025 Main St, Worcester MA 01603
Community Information
Senior CommunityYN: No
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,994
Stories: 3.0
Lot Size: 3,485 square feet
Style: Other
Year Built: 1920
Year Renovated: —
County: Worcester County
APN: 1770354
Home facts updated by county records on Jul 21, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Goddard School of Science & Technology
Public PreK-6 • Assigned • 0.2mi
5/10
University Pk Campus School
Public 7-12 • Assigned • 0.2mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
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4/10 Heat Factor
7 hot days expected this year, 16 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Worcester, MA • 01603
Average low and high temperatures (°F)
31
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50
31
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68
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79
61
83
65
79
60
74
56
61
46
50
36
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
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Sun exposure
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Estimated sale price
$618,000 – $749,000
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