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50 Water Street, Worcester MA 01604

Worcester, MA 01604
$2,490,000
Est. $14,697/month
6,343
Sq Ft
$393
Price/Sq Ft
0.15
Acres
1925
Year Built
153
Days on Market
Active Listed Sep 24, 2025 • MLS# 73435233 Copied!

About this home

Turnkey mixed-use investment opportunity! This fully renovated 4-unit property features a restaurant on the ground floor and three upscale residential apartments above. Every unit has been updated with high-end finishes, offering modern style and durability for years to come. The building is fully leased, professionally managed, and maintained to the highest standard with no deferred maintenance—making it a truly hassle-free asset. Strong rent roll provides reliable income, while the combination of commercial and residential tenants creates long-term stability. An ideal addition to any portfolio seeking quality, performance, and peace of mind.

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Property Overview

Listing Type
Commercial Sale
Year Built
1925
Living Area
6,343 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1925
Living Area 6,343 sq ft
Lot Size 0.15 acres

Interior

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

Exterior

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

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Natural Gas Available, 220 Volts, Three Phase

Financial

Annual Tax $22,877

Interior Features

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

Construction & Materials

Year Built: 1925
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features:

Location

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Neighborhood

50 Water Street, Worcester MA 01604

Worcester, MA 01604

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
Grafton Street School
0.4 mi | #795 of 824 | Score: 29.1
Improved 4 spots from last year
-29.1 below state avg
386 students Diverse
Diverse Student Body
Grades K-06
C-
Learning First Charter Public School
0.5 mi | #289 of 352 | Score: 32.5
Improved 43 spots from last year
-25.7 below state avg
666 students Diverse
Rising School
Grades K-08
F
Union Hill School
0.5 mi | #815 of 824 | Score: 25.3
Dropped 19 spots from last year
-33 below state avg
377 students Diverse
Grades K-06
M

Middle Schools

2 schools
C-
Worcester East Middle School
0.7 mi | #298 of 352 | Score: 31.5
Improved 55 spots from last year
-26.7 below state avg
731 students Diverse
Rising School Diverse Student Body
Grades 06-08
The Nativity School of Worcester
1.2 mi
Grades 05-08
H

High Schools

3 schools
Worcester Academy
0.4 mi
Grades 06-12
B+
Claremont Academy
1.2 mi | #9 of 25 | Score: 38.3
Improved 317 spots from last year
-20 below state avg
474 students Moderate
10 sports • 216 athletes
Early College Program Rising School College Ready Curriculum
Grades 07-12
Worcester Alternative High School
1.2 mi
36 students Diverse
Grades 07-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,906
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
Sep 24, 2025
$2,490,000
Original listing
Agent: James Kalogeropoulos Office: RE/MAX Partners

Price & Status History

Date Event Price Change
Sep 24, 2025 New Listing Added $2,490,000 —

Market Statistics

Days on Market
153 days
Price per Sq Ft
$393

Tax History

Year Taxes Assessment
2025 $22,877 —

Financial Details

Annual Property Tax
$22,877
Tax Year 2025

Listing Information

Listing Agent James Kalogeropoulos
Listing Office RE/MAX Partners
Agent MLS ID K9502917
Office MLS ID AN8069
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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Market Analytics for Worcester, MA

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BMN Boston Real Estate

BMN Boston Real Estate

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