**BACK ON MARKET; previous buyer unable to secure financing giving you a second chance at this great property!** Entrepreneurs and investors, this one's for you! This mixed-use building in the heart of Worcester is a dynamic blend of commercial and residential space. A newly vacant commercial unit is a blank canvas; transform the space to suit your specific needs. Formerly utilized for food service so can be easily revamped for the same or redesigned into countless possibilities for a new venture. Bring your business plans to fruition while having the added bonus of an additional $3,575 revenue from the residential units above. Well-maintained, spacious 2 bedroom units have in-unit laundry and separate utilities. Location is second to none within close proximity to highway access, Polar Park, and colleges. Now is the time to seize this opportunity and make your mark!
Multi-familyProperty Type
1920Year Built
4,053 sq ftLot Size
$149Est. Price/Sq.Ft.
Listed by Jim Black Group• Real Broker MA, LLC
Bought with Thu Nguyen• Coldwell Banker Realty - Northborough
Fully occupied with commercial space on first floor rented to established bakery, second floor unit has 2 bedrooms, potential for third bedroom on 2nd and 3rd floors. No off-street parking.
6 years ago• May not reflect the current state of the home
First floor is tenant at will and has rented space for approx 19 years. Second and third floor apts have 2 bedrooms each, new heating systems (2019) and coin op washer/dryers in units. These are large apartments featuring eat in kitchen, separate dining and living rooms. Buyer to verify with city, but they seem like perfect apartments to turn into 3 bedroom units for increased rental revenue. Tenants pay their own utilities. Vinyl sided for low maintenance exterior. Minimum yard to maintain. Zoned BL-1. Residential 2nd and 3rd floor units certified on MA state database as no lead paint hazard found.
MLS PIN #72241254
Jan 19, 2018
Sold
$400,000
$97/sq ft
Oct 31, 2017
Pending
—
Oct 30, 2017
Relisted
—
Oct 25, 2017
Pending
—
Oct 18, 2017
Relisted
—
Oct 13, 2017
Pending
—
Oct 11, 2017
Listed
$419,000
$102/sq ft
+23
Bring your investors or owner occupants. Second floor is vacant and ready to go. First floor is tenant at will and has rented space for approx 17 years. Second and third floor apts have coin op washer/dryers in units. Tenants pay their own utilities. Vinyl sided for low maintenance exterior. Minimum yard to maintain. Zoned BL-1. First floor is commercial space used by same food service tenant for 17 years (no current lease). 2nd floor is vacant, rent is projected. 3rd floor is long term tenant, month to month. Residential 2nd and 3rd floor units certified on MA state database as no lead paint hazard found. Back on market due to buyer not able to obtain financing, not appraisal or inspection related.
Public Records
Mar 1, 1995
Sold
$51,000
$12/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$113,200 + $470,100
$583,300
2022
$90,600 + $374,500
$465,100
2021
$72,500 + $237,500
$310,000
2020
$67,100 + $232,700
$299,800
2019
$63,600 + $230,500
$294,100
2018
$63,600 + $169,300
$232,900
2017
$63,600 + $169,300
$232,900
2016
$53,400 + $165,000
$218,400
2014
$53,400 + $165,000
$218,400
2013
$26,400 + $177,900
$204,300
2012
$26,400 + $177,900
$204,300
2011
$43,400 + $285,600
$329,000
2010
$43,400 + $269,400
$312,800
2009
$81,500 + $244,400
$325,900
Tax history for 5 Massasoit Rd
Year
Property tax
Land + Additions
Assessment*
2023
$113,200 + $470,100
$583,300
2022
$90,600 + $374,500
$465,100
2021
$72,500 + $237,500
$310,000
2020
$67,100 + $232,700
$299,800
2019
$63,600 + $230,500
$294,100
2018
$63,600 + $169,300
$232,900
2017
$63,600 + $169,300
$232,900
2016
$53,400 + $165,000
$218,400
2014
$53,400 + $165,000
$218,400
2013
$26,400 + $177,900
$204,300
2012
$26,400 + $177,900
$204,300
2011
$43,400 + $285,600
$329,000
2010
$43,400 + $269,400
$312,800
2009
$81,500 + $244,400
$325,900
*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
3,920 Sq. Ft.
Year renovated
—
Sq. Ft.
4,550
Year built
1920
Style
Other
County
Worcester County
APN
1792230
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
Basement Information
Basement: Full, Interior Entry, Unfinished
Laundry Information
Laundry Features: Electric Dryer Hookup, Washer Hookup
Interior Features
# of Rooms (Total): 12
Flooring: Tile, Vinyl, Varies, Hardwood
Interior Features: Office/Den, Living Room, Dining Room, Kitchen
Exterior
Building Information
Building Area (Total): 4,112
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual
Exterior Features
Roof: Shingle
Patio And Porch Features: Porch
Exterior Features: Rain Gutters
Property Information
PropertySubType: 3 Family - 3 Units Up/Down
Lot Information
Lot Size (Acres): 0.09
Lot Features: Corner Lot, Cleared, Level
ViewYN: Has View
View: City View(s)
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $11,058
Tax Year: 2024
Utilities
Utility Information
Utilities: for Gas Oven, for Electric Dryer, Washer Hookup
UnparsedAddress: 5 Massasoit Rd, Worcester MA 01604
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,550
Stories: 3.0
Lot Size: 3,920 square feet
Style: Other
Year Built: 1920
Year Renovated: —
County: Worcester County
APN: 1792230
Home facts updated by county records on Jul 21, 2023
Other
Miscellaneous Information
Heat Zones: 3
Listing Information
StandardStatus: Closed
Around this home
Schools
Places
Transit
Rice Square School
Public K-6 • Assigned • 0.3mi
5/10
Worcester East Middle School
Public 7-8 • Assigned • 0.2mi
4/10
North High School
Public 9-12 • Assigned • 1.0mi
1/10
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
We're working on getting current and accurate fire risk information for this home.
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 • 01604
Average low and high temperatures (°F)
32
19
35
20
50
31
60
41
68
51
81
61
85
66
80
61
75
56
64
45
51
36
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$583,000 – $706,000
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