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249 Lincoln St, Worcester MA 01605

Worcester, MA 01605
$1,300,000
Est. $8,294/month
8
Beds
6
Baths
7,256
Sq Ft
$179
Price/Sq Ft
0.15
Acres
1920
Year Built
5+ Family - 5+ Units Up/Down
Type
4 hours 50 minutes
Time on Market
Active Listed Mar 9, 2026 • MLS# 73484138 Copied!

About this home

249 Lincoln Street is a fully renovated mixed-use investment property located in Worcester, MA. The three-story building consists of seven (7) total units, including four 2-Bedroom/1-Bathroom apartments, one Studio apartment, and two Commercial units. The property contains approximately 7,135 square feet of gross living area within 11,635 square feet of gross building area and is situated on a 0.15-acre parcel with over four off-street parking spaces.The residential units have been recently renovated, helping drive strong rental income while minimizing future capital expenditures. Each unit is separately metered for heat, hot water, and electricity, which tenants pay directly, improving overall net operating income. The commercial units provide stable income with more than three years remaining on both leases each with annual increases.The property strategically sits less than one block from UMass Memorial Medical Center – Hahnemann Campus and is offered at an 8.68% cap rate.

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Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
8
Full Bathrooms
5
Half Bathrooms
2
Living Area
7,256 sq ft
Total Rooms
21
Stories
5
Levels
5

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1920
Living Area 7,256 sq ft
Lot Size 0.15 acres
Bedrooms 8
Full Baths 5
Half Baths 2
Total Rooms 21

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street
Total Spaces 4

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $18,245
Assessed Value $895,200

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof:
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street

Location

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Neighborhood

249 Lincoln St, Worcester MA 01605

Worcester, MA 01605

Walkability

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Nearby Schools

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
F
Wawecus Road School
0.5 mi | #802 of 824 | Score: 27.7
Dropped 53 spots from last year
-30.5 below state avg
155 students Very Diverse
Diverse Student Body
Grades K-06
C-
Belmont Street Community School
0.9 mi | #720 of 824 | Score: 34.1
Dropped 111 spots from last year
-24.1 below state avg
615 students Diverse
Diverse Student Body Strong Attendance
Grades PK-06
Summit Academy School for Alternative Learners
0.9 mi
Grades K-12
M

Middle Schools

3 schools
The Nativity School of Worcester
0.7 mi
Grades 05-08
C+
Burncoat Middle School
1.0 mi | #233 of 352 | Score: 37.9
Improved 48 spots from last year
-20.3 below state avg
720 students Diverse
Rising School Diverse Student Body
Grades 07-08
C+
Forest Grove Middle School
1.1 mi | #229 of 352 | Score: 38.3
Improved 91 spots from last year
-19.9 below state avg
839 students Diverse
Rising School Diverse Student Body
Grades 07-08
H

High Schools

3 schools
A+
Massachusetts Academy of Math and Science at WPI
0.7 mi | #2 of 346 | Score: 91.7
Same rank as last year
99 students Diverse
Strong AP Program College Ready Curriculum Strong Attendance
Grades 11-12
C+
Worcester Technical High School
0.8 mi | #219 of 346 | Score: 49.8
Improved 47 spots from last year
-8.4 below state avg
1,442 students Diverse
19 sports • 1,016 athletes
Early College Program High Graduation Rate Rising School Career Tech Programs
Grades 09-12
C
Burncoat Senior High School
1.0 mi | #278 of 346 | Score: 43.5
Dropped 58 spots from last year
-14.7 below state avg
1,073 students Diverse
18 sports • 778 athletes
Early College Program College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,520
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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.

Property History

Property Timeline

🏠
Listed for Sale
Mar 9, 2026
$1,300,000
Original listing
Agent: Ethan Lazar Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
Mar 9, 2026 New Listing Added $1,300,000 —

Market Statistics

Time on Market
4 hours 50 minutes
Price per Sq Ft
$179

Tax History

Year Taxes Assessment
2026 $18,245 $895,200

Financial Details

Annual Property Tax
$18,245
Tax Year 2026
Assessed Value
$895,200

Listing Information

Listing Agent Ethan Lazar
Listing Office Horvath & Tremblay
Agent MLS ID CN252872
Office MLS ID AN2723
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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249 Lincoln St, Worcester MA 01605 - Photo 1 249 Lincoln St, Worcester MA 01605 - Photo 2 249 Lincoln St, Worcester MA 01605 - Photo 3 249 Lincoln St, Worcester MA 01605 - Photo 4 249 Lincoln St, Worcester MA 01605 - Photo 5 249 Lincoln St, Worcester MA 01605 - Photo 6 249 Lincoln St, Worcester MA 01605 - Photo 7 249 Lincoln St, Worcester MA 01605 - Photo 8 249 Lincoln St, Worcester MA 01605 - Photo 9 249 Lincoln St, Worcester MA 01605 - Photo 10 249 Lincoln St, Worcester MA 01605 - Photo 11 249 Lincoln St, Worcester MA 01605 - Photo 12
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