106 Mill St, Worcester MA 01603
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20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Huge Price Adjustment!! Exceptional Worcester investment opportunity offering strong existing income and future value-add potential! Generating approximately **$108,000 in annual gross income, including income from the detached garage**, this substantial multifamily offers more than **3,600 sq. ft. of living area**, 5 baths and a flexible layout providing multiple income-producing spaces. The detached two-car garage is currently rented for **$500 per month**, contributing to the property's overall income. Converted from oil to **natural gas**, the property also offers an impressive **9 off-street parking spaces**—a valuable feature for a multifamily investment. Situated on an oversized **15,026± sq. ft. lot bordering two streets**, the property may offer intriguing possibilities for future expansion, subdivision or other value-add opportunities, subject to buyer due diligence and all required municipal approvals. Additional features include a full basement with workshop and storage space, two enclosed three-season porches offering additional usable space, hardwood flooring in portions of the property, and a generously sized backyard. Located in Worcester's **Webster Square area**, the property is conveniently situated **near Coes Pond and its recreational amenities**, while also providing easy access to shopping, restaurants, parks, public transportation and major commuter routes. With strong current income, abundant parking, a substantial lot and opportunities to further enhance the property over time, this is an outstanding opportunity for an investor looking to add an income-producing Worcester multifamily to their portfolio. **Invest now, generate income today, and explore the possibilities for tomorrow!** Unit 4 to be delivered vacant.
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Price & Status History
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Property Timeline
Pending Sale
Sep 28, 2026Price Reduced
Sep 17, 2026Showing Instructions Updated
Aug 20, 2026Price Reduced
Aug 13, 2026Showing Instructions Updated
Jul 18, 2026Listed for Sale
Jul 17, 2026| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/28/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 09/17/2026 | ↓ Price Reduced | $789,900 | $30,000 | - | From $819,900 to $789,900 (-3.7%) |
| 08/20/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 08/13/2026 | ↓ Price Reduced | $819,900 | $20,000 | - | From $839,900 to $819,900 (-2.4%) |
| 07/18/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/17/2026 | 🏠 Listed for Sale | $839,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,419 | $638,300 |
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Webster Square
106 Mill St, Worcester MA 01603
Worcester, MA 01603
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