73 Southgate St, Worcester MA 01603
Worcester, MA 01603
$753,000
Est. $4,493/month
Track this home for price, status, and open-house alerts.
About this home
Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer’s agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 24, 2026
$753,000
Original listing
Agent: Mulryan and Maher Group
Office: Lamacchia Realty, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/24/2026 | 🏠 Listed for Sale | $753,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2022 | $5,825 | $383,000 |
Financial Details
Annual Property Tax
$5,825
Tax Year 2022
Assessed Value
$383,000
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1900
Living Area
4,087 sq ft
Lot Size
0.12 acres
Stories
3
Bedrooms
10
Full Baths
4
Total Rooms
15
Investment Metrics
Units
4
Unit 1 Rent
$1,800/mo · Y
Unit 2 Rent
$2,600/mo · Y
Unit 3 Rent
$1,000/mo · N
Unit 4 Rent
$1,800/mo · N
Total Monthly Rent
$7,200/mo
Gross Income
$108,000
Net Operating Income
$108,000
Cap Rate
14.34%
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
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,825
Assessed Value
$383,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
1 Bedroom Unit Needs Egress Built. Bar Has Plans To Become 2 Residential Apartments 2 Bedrooms Each. Projections Based On The Bar Becoming 2 Apartments
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
8 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
10
Full Bathrooms
4
Living Area
4,087 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,087 sq ft above grade
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.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Granite
Stories:
3
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:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Special Features
View:
Yes
View Type:
City View(s)
Community Amenities:
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
C-
Canterbury School
< 0.1 mi
|
#745 of 824
|
Score: 32.7
Improved 64 spots from last year
-25.5 below state avg
329 students
Diverse
Rising School
Grades PK-06
C-
Goddard School/Science Technical
0.5 mi
|
#703 of 824
|
Score: 35.5
Improved 17 spots from last year
-22.7 below state avg
359 students
Diverse
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
C-
Woodland Academy
0.8 mi
|
#11 of 12
|
Score: 28.5
Improved 726 spots from last year
-29.7 below state avg
482 students
Moderate
Rising School
Grades K-06
F
Chandler Elementary Community School
1.0 mi
|
#805 of 824
|
Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students
Diverse
Grades K-06
C-
Learning First Charter Public School
1.0 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
C+
Columbus Park School
1.0 mi
|
#9 of 12
|
Score: 31.6
Improved 720 spots from last year
-26.6 below state avg
381 students
Diverse
Rising School
Grades PK-06
Seven Hills Foundation
1.2 mi
Grades K-12
Our Lady of the Angels School
1.3 mi
Grades PK-08
F
Union Hill School
1.3 mi
|
#815 of 824
|
Score: 25.3
Dropped 19 spots from last year
-33 below state avg
377 students
Diverse
Grades K-06
Middle Schools
6 schools
The Nativity School of Worcester
2.1 mi
Grades 05-08
Worcester SDA School
2.8 mi
Grades 01-08
C-
Worcester East Middle School
1.7 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
B
Sullivan Middle School
2.3 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
C+
Forest Grove Middle School
2.8 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
3.8 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
High Schools
10 schools
Worcester Alternative High School
0.4 mi
36 students
Diverse
Grades 07-12
C-
University Park Campus School
0.5 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
B+
Claremont Academy
0.5 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 Academy
1.3 mi
Grades 06-12
Saint Paul Diocesan Junior/Senior High School
1.7 mi
Grades 07-12
Notre Dame Academy
2.6 mi
Grades 07-12
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
A+
Massachusetts Academy of Math and Science at WPI
2.2 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
B
South High Community School
2.5 mi
|
#168 of 346
|
Score: 53.6
Improved 65 spots from last year
-4.6 below state avg
1,800 students
Very Diverse
19 sports
• 1,056 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
North High School
2.7 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
Learn about these ratings
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
$485
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
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
Loading map...
Neighborhood
73 Southgate St, Worcester MA 01603
Worcester, MA 01603
Listing Information
Listing Agent
Mulryan and Maher Group
Listing Office
Lamacchia Realty, Inc.
Office Phone
508-832-5324
Agent MLS ID
TM351553
Office MLS ID
AN8507
Listing Data Updated
Aug 24, 2026 7:57 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Worcester.