65 Water St, Worcester MA 01604
Worcester, MA 01604
$2,350,000
Est. $14,550/month
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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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Apr 27, 2026
$2,350,000
Original listing
Agent: Michael Barbera
Office: BA Property & Lifestyle Advisors
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/27/2026 | 🏠 Listed for Sale | $2,350,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $29,606 | — |
Financial Details
Annual Property Tax
$29,606
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1900
Living Area
22,400 sq ft
Lot Size
0.33 acres
Investment Metrics
Gross Income
$55,500
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
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Worcester
Property Overview
Listing Type
Commercial Sale
Year Built
1900
Living Area
22,400 sq ft
Room Details
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Other Floor
Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
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:
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
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
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
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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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
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95% Interest
Year 15
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Location
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Neighborhood
65 Water St, Worcester MA 01604
Worcester, MA 01604
Listing Information
Listing Agent
Michael Barbera
Listing Office
BA Property & Lifestyle Advisors
Office Phone
508-852-4227
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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