106 Mill St, Worcester MA 01603
Worcester, MA 01603 • Webster Square
$839,900
$819,900
Est. $5,047/month
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About this home
Exceptional Worcester investment opportunity offering strong existing income and future value-add potential! Generating approximately **$108,000 in annual gross income, including income from the detached garage**, this substantial multifamily offers more than **3,600 sq. ft. of living area**, 5 baths and a flexible layout providing multiple income-producing spaces. The detached two-car garage is currently rented for **$500 per month**, contributing to the property's overall income. Converted from oil to **natural gas**, the property also offers an impressive **9 off-street parking spaces**—a valuable feature for a multifamily investment. Situated on an oversized **15,026± sq. ft. lot bordering two streets**, the property may offer intriguing possibilities for future expansion, subdivision or other value-add opportunities, subject to buyer due diligence and all required municipal approvals. Additional features include a full basement with workshop and storage space, two enclosed three-season porches offering additional usable space, hardwood flooring in portions of the property, and a generously sized backyard. Located in Worcester's **Webster Square area**, the property is conveniently situated **near Coes Pond and its recreational amenities**, while also providing easy access to shopping, restaurants, parks, public transportation and major commuter routes. With strong current income, abundant parking, a substantial lot and opportunities to further enhance the property over time, this is an outstanding opportunity for an investor looking to add an income-producing Worcester multifamily to their portfolio. **Invest now, generate income today, and explore the possibilities for tomorrow!**
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
2.4%
Price Range
Property Timeline
Showing Instructions Updated
Aug 20, 2026
New showing requirements
Price Reduced
Aug 13, 2026
$819,900
$20,000
(-2.38%)
From $839,900 to $819,900 (-2.4%)
Showing Instructions Updated
Jul 18, 2026
New showing requirements
Listed for Sale
Jul 17, 2026
$839,900
Original listing
Agent: Carlena Desmond
Office: Lamacchia Realty, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/20/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 08/13/2026 | ↓ Price Reduced | $819,900 | $20,000 | - | From $839,900 to $819,900 (-2.4%) |
| 07/18/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/17/2026 | 🏠 Listed for Sale | $839,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,419 | $638,300 |
Financial Details
Annual Property Tax
$8,419
Tax Year 2025
Assessed Value
$638,300
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1920
Living Area
3,632 sq ft
Lot Size
0.34 acres
Stories
3
Bedrooms
9
Full Baths
5
Total Rooms
18
Investment Metrics
Units
4
Unit 1 Rent
$2,400/mo · Y
Unit 2 Rent
$2,500/mo · N
Unit 3 Rent
$1,600/mo · N
Unit 4 Rent
$2,000/mo · N
Total Monthly Rent
$8,500/mo
Gross Income
$108,000
Interior
Heating
None
Cooling
None
Flooring
Wood, Vinyl, Laminate
Appliances
None
Fireplace
None
Basement
Full, Interior Entry, Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Enclosed
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street
Total Spaces
9
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,419
Assessed Value
$638,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Basement Has Occasional Water Intrusion During Heavy Rain.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Yellow
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
38 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
9
Full Bathrooms
5
Living Area
3,632 sq ft
Total Rooms
18
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,632 sq ft above grade
0 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch, Enclosed
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:
Wood, Vinyl, Laminate
Appliances:
Interior Features:
Windows:
Basement:
Full, Interior Entry, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter, Stone
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:
Porch, Enclosed
Fencing:
Other Structures:
Lot Features:
Level, Other
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
9
Parking Features:
Paved Drive, Off Street
Nearby Schools
School information not available for this location.
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
$702
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
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Neighborhood
Webster Square
106 Mill St, Worcester MA 01603
Worcester, MA 01603
Listing Information
Listing Agent
Carlena Desmond
Listing Office
Lamacchia Realty, Inc.
Office Phone
508-425-7372
Agent MLS ID
K9502176
Office MLS ID
AN3002
Listing Data Updated
Aug 24, 2026 10:13 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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