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!
Multi-familyProperty Type
1900Year Built
4,595 sq ftLot Size
$234Est. Price/Sq.Ft.
2 spacesParking
Listed by Benjamin Kovacs• Young Realty Group, LLC
Bought with Elvis Doda• Coldwell Banker Realty - Milton
Welcome to 7 Lyon St...your New Home! Looking to Invest in Worcester ? This Lovingly Maintained 3 Family is ready for an Owner Occupant with the 3rd floor currently vacant! Tenants At-Will on the additional floors paying under-market rent. Many updates throughout the years include Roof, Siding, Windows....to name a few!!! The first floor unit kitchen has been remodeled with a beautiful barn door and granite counters with new cabinetry, and new appliances. Just a short stroll to Worcester's Infamous " Restaurant Row", East Park with splashpad & playground, UMASS, T-Station, Highway and many conveniences!! Imagine being able to just walk down to the upcoming 4th of July Celebration this Summer!!! Property has an over-sized lot ....see for yourself, opportunity is knocking!!!
Public Records
Jan 16, 1991
Sold
$50,000
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,006 (+14.9%)
$66,500 + $352,300
$418,800
2022
$5,228 (+9.6%)
$53,200 + $290,500
$343,700
2021
$4,770 (+8.2%)
$42,600 + $250,400
$293,000
2020
$4,408 (+0.3%)
$42,300 + $217,000
$259,300
2019
$4,397 (+2.4%)
$36,900 + $207,400
$244,300
2018
$4,293 (+6.8%)
$36,900 + $190,100
$227,000
2017
$4,021 (+26.4%)
$36,900 + $172,300
$209,200
2016
$3,182 (+5.5%)
$26,900 + $127,500
$154,400
2014
$3,017 (+4.0%)
$26,900 + $127,500
$154,400
2013
$2,900 (+6.9%)
$30,400 + $125,700
$156,100
2012
$2,712 (−3.2%)
$30,400 + $129,300
$159,700
2011
$2,801 (+37.0%)
$49,000 + $125,400
$174,400
2010
$2,045 (−21.3%)
$49,000 + $86,000
$135,000
2009
$2,600
$71,000 + $121,600
$192,600
Tax history for 7 Lyon St
Year
Property tax
Land + Additions
Assessment*
2023
$6,006 (+14.9%)
$66,500 + $352,300
$418,800
2022
$5,228 (+9.6%)
$53,200 + $290,500
$343,700
2021
$4,770 (+8.2%)
$42,600 + $250,400
$293,000
2020
$4,408 (+0.3%)
$42,300 + $217,000
$259,300
2019
$4,397 (+2.4%)
$36,900 + $207,400
$244,300
2018
$4,293 (+6.8%)
$36,900 + $190,100
$227,000
2017
$4,021 (+26.4%)
$36,900 + $172,300
$209,200
2016
$3,182 (+5.5%)
$26,900 + $127,500
$154,400
2014
$3,017 (+4.0%)
$26,900 + $127,500
$154,400
2013
$2,900 (+6.9%)
$30,400 + $125,700
$156,100
2012
$2,712 (−3.2%)
$30,400 + $129,300
$159,700
2011
$2,801 (+37.0%)
$49,000 + $125,400
$174,400
2010
$2,045 (−21.3%)
$49,000 + $86,000
$135,000
2009
$2,600
$71,000 + $121,600
$192,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
3,260
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1778658
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Property details
Parking
Parking Information
Parking Spaces: 2
Parking Features: Off Street, Tandem
Interior
Bathroom Information
# of Bathrooms (Full): 3
Basement Information
Basement: Unfinished
Interior Features
# of Rooms (Total): 15
Flooring: Vinyl, Hardwood
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Exterior
Building Information
Building Area (Total): 3,260
Foundation Details: Stone, Brick/Mortar
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Unknown/Mixed
Color: Gray
Exterior Features
Fencing: Fenced
Roof: Rubber
Patio And Porch Features: Enclosed
Property Information
PropertySubType: 3 Family
Lot Information
Lot Size (Acres): 0.11
Lot Features: Level
Road Surface Type: Paved
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $7,314
Tax Year: 2024
Utilities
Utility Information
Utilities: for Gas Range
Sewer: Public Sewer
Water Source: Public
Electric: 100 Amp Service
Heating & Cooling
Heating Units: 3
Cooling Units: 3
Location
Location Information
Directions: Shrewsbury Street to Lyon Street
UnparsedAddress: 7 Lyon Street, Worcester MA 01604
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Park, Laundromat, Highway Access
Public facts
Beds: 9
Baths: 3.0
Sq. Ft.: 3,260
Stories: 3.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Worcester County
APN: 1778658
Home facts updated by county records on Jul 21, 2023
Other
Miscellaneous Information
Heat Zones: 3
Listing Information
StandardStatus: Closed
Around this home
Schools
City View Discovery School
Public PreK-6 • Assigned • 0.3mi
3/10
Worcester East Middle School
Public 7-8 • Assigned • 0.9mi
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
7/10 Flood Factor
Estimated 71-79% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
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
84
65
80
60
75
56
64
45
51
36
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$725,000 – $877,000
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