163 Washngton St, Worcester MA 01610

Worcester, MA 01610
$400,000
Est. $2,223/month
Estimate assumptions

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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0
Lot Sq Ft
1978
Year Built
27
Days on Market
Sale Pending Listed Sep 22, 2026 • MLS# 73581173 Copied! • Updated Oct 21, 2026

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About this home

ESTABLISHED ELEVATOR MAINTENANCE COMPANY - 40+ YEARS OF PROVEN SUCCESSThis exceptional elevator maintenance and service company represents a rare opportunity to acquire a highly profitable business with four decades of continuous operation in Worcester, Massachusetts. Family owned and operated since 1985, this union-operated enterprise has built an outstanding reputation serving the commercial and industrial elevator market.FINANCIAL HIGHLIGHTS:• Annual gross revenue: $1,000,000+• Asking price: $400,000• Inventory value of $400,000 included in sale price• Consistent revenue stream built over 40+ years• Strong financial performance with established profitabilityBUSINESS OVERVIEW:This well-established company specializes in elevator maintenance, repair, and service for commercial and industrial clients throughout Worcester County. The business operates with union technicians, ensuring high service standards and technical expertise while maintaining competitive labor practices.KEY STRENGTHS:• Four decades of market presence and reputation• Comprehensive established client base with service contracts• Union-operated workforce providing skilled labor• Complete inventory of parts, tools, and equipment included• Long-term customer relationships generating recurring revenue• Proven operational systems and proceduresINCLUDED IN ACQUISITION:• Complete client list and existing service contracts• All inventory, tools, and specialized equipment ($400,000 value)• Established vendor and supplier relationships• Four decades of operational knowledge and systems• Union workforce agreements and labor contracts• Business name, reputation, and goodwillLOCATION AND MARKET:Based in Worcester, Massachusetts, the company serves a diverse client base throughout Worcester County including office buildings, manufacturing facilities, healthcare institutions, and commercial properties. The business is relocatable, providing operational flexibility for new ownership.GROWTH POTENTIAL:With established client relationships and union workforce in place, new ownership can focus on expanding service offerings and growing the customer base while maintaining the high service standards already in place.

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Recently Sold Nearby

Price & Status History

Market Insights

Property Timeline

⏳
Pending Sale
Oct 21, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Sep 23, 2026
$400,000
Original listing
Agent: Karen Milhem Office: Media Realty Group Inc.

Tax History

Year Taxes Assessment
Tax history not available

Facts & Features

Home Facts

Type Business Opportunity
Year Built 1978
Lot Size 0.00
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

No financial details available
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Documents Tax Return, Accountant Provided, Owner Provided, May Show Books (4)
County Worcester

Property Overview

Listing Type
Sale Pending
Year Built
1978

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Year Built: 1978
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School District
Worcester School District local
C-
🎓 Where Graduates Go Class of 2021
51% attend college
35% 4-Year 16% 2-Year 4% Out of State 4% Working
⚠ School Safety 2024-25
4.1% Above Average
3.3% Suspensions 1.7% In-School 0.8% Emergency
↓ 1.4% below state avg
E

Elementary Schools

3 schools
C-
Learning First Charter Public School
0.3 mi | #292 of 352 | Score: 32.3
Improved 40 spots from last year
-25.9 below state avg
666 students Diverse
Rising School
Grades K-08
C-
Jacob Hiatt Magnet School
0.6 mi | #693 of 825 | Score: 36.3
Dropped 138 spots from last year
-21.9 below state avg
362 students Diverse
Diverse Student Body
Grades PK-06
F
Union Hill School
0.6 mi | #815 of 825 | Score: 25.0
Dropped 19 spots from last year
-33.2 below state avg
383 students Diverse
Grades K-06
M

Middle Schools

2 schools
C-
Worcester East Middle School
0.9 mi | #302 of 352 | Score: 31.5
Improved 51 spots from last year
-26.7 below state avg
781 students Diverse
Rising School Diverse Student Body
Grades 06-08
The Nativity School of Worcester
1.4 mi
Grades 05-08
H

High Schools

3 schools
Worcester Academy
0.5 mi
Grades 06-12
Worcester Alternative High School
0.8 mi
36 students Diverse
Diverse Student Body
Grades 07-12
B+
Claremont Academy
0.9 mi | #9 of 25 | Score: 37.3
Improved 317 spots from last year
-20.9 below state avg
451 students Moderate
10 sports • 216 athletes
Early College Program Rising School College Ready Curriculum
Grades 07-12
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $0
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

163 Washngton St, Worcester MA 01610

Worcester, MA 01610

Listing Information

Listing Agent Karen Milhem
Listing Office Media Realty Group Inc.
Office Phone 855-886-3342
Agent MLS ID CN220569
Office MLS ID AN8368
Listing Data Updated Oct 21, 2026 11:01 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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