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65 Water St, Worcester MA 01604

Worcester, MA 01604
$2,350,000
Est. $14,550/month
22,400
Sq Ft
$105
Price/Sq Ft
0.33
Acres
1900
Year Built
45
Days on Market
Active Listed Apr 27, 2026 • MLS# 73508001 Copied!

About this home

65 Water Street is a partially stabilized commercial asset in Worcester’s Canal District, offering a blend of in-place income and value-add potential. The property generates approximately $55,500 annually from a dance studio tenancy and billboard revenue, with additional upside from a tenant-ready, ground-level space in the rear building. The rear building is intact and occupied, while the front building has been cleared to a clean shell following a prior isolated fire/water event, allowing efficient buildout without demolition. Ownership has completed key capital improvements, including a new roofing system and two new HVAC units. The site includes approximately 22 on-site surface parking spaces and benefits from nearby municipal parking, both of which are valuable amenities in this neighborhood.

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Property Overview

Listing Type
Commercial Sale
Year Built
1900
Living Area
22,400 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1900
Living Area 22,400 sq ft
Lot Size 0.33 acres

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 None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

Annual Tax $29,606

Interior Features

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

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
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

65 Water St, 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

10 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
0.4 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
D
Worcester Cultural Academy Charter Public School
0.7 mi | #786 of 824 | Score: 29.4
Improved 49 spots from last year
-28.8 below state avg
194 students Diverse
Rising School Diverse Student Body
Grades K-06
F
City View School
0.7 mi | #812 of 824 | Score: 25.8
Dropped 79 spots from last year
-32.4 below state avg
464 students Diverse
Diverse Student Body
Grades PK-06
C-
Jacob Hiatt Magnet School
0.8 mi | #691 of 824 | Score: 36.2
Dropped 136 spots from last year
-22 below state avg
367 students Diverse
Diverse Student Body
Grades PK-06
F
Chandler Elementary Community School
0.8 mi | #805 of 824 | Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students Diverse
Grades K-06
Venerini Academy
1.0 mi
Grades PK-08
D
Elm Park Community School
1.0 mi | #779 of 824 | Score: 30.6
Improved 25 spots from last year
-27.6 below state avg
478 students Diverse
Rising School Diverse Student Body
Grades K-06
C-
Belmont Street Community School
1.1 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
M

Middle Schools

6 schools
The Nativity School of Worcester
1.2 mi
Grades 05-08
Worcester SDA School
3.3 mi
Grades 01-08
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
C+
Forest Grove Middle School
2.3 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
C+
Burncoat Middle School
2.8 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
B
Sullivan Middle School
3.5 mi | #157 of 352 | Score: 43.9
Improved 28 spots from last year
-14.3 below state avg
940 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

10 schools
Worcester Academy
0.4 mi
Grades 06-12
Worcester Alternative High School
1.2 mi
36 students Diverse
Grades 07-12
Saint Paul Diocesan Junior/Senior High School
1.2 mi
Grades 07-12
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
C-
University Park Campus School
1.7 mi | #290 of 346 | Score: 41.4
Dropped 13 spots from last year
-16.8 below state avg
233 students Diverse
Early College Program High Graduation Rate College Ready Curriculum Strong Attendance
Grades 07-12
Notre Dame Academy
2.4 mi
Grades 07-12
A+
Massachusetts Academy of Math and Science at WPI
1.4 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-
North High School
1.5 mi | #300 of 346 | Score: 37.9
Improved 27 spots from last year
-20.3 below state avg
1,376 students Diverse
14 sports • 498 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
B-
Doherty Memorial High School
1.5 mi | #195 of 346 | Score: 51.8
Improved 26 spots from last year
-6.4 below state avg
1,573 students Very Diverse
19 sports • 1,302 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
C+
Worcester Technical High School
1.7 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
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,467
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

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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.

Property History

Property Timeline

🏠
Listed for Sale
Apr 27, 2026
$2,350,000
Original listing
Agent: Michael Barbera Office: BA Property & Lifestyle Advisors

Price & Status History

Date Event Price Change
Apr 27, 2026 New Listing Added $2,350,000

Market Statistics

Days on Market
45 days
Price per Sq Ft
$105

Tax History

Year Taxes Assessment
2026 $29,606

Financial Details

Annual Property Tax
$29,606
Tax Year 2026

Listing Information

Listing Agent Michael Barbera
Listing Office BA Property & Lifestyle Advisors
Agent MLS ID K8000356
Office MLS ID AN7401
Listing Data Updated May 1, 2026 3:08 AM 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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