148-152 Millbury Street

Property feature image
Address: 148 Millbury St, Worcester, MA 01610, USA
Boston & New England + Apartment Buildings
Created date: August 25, 2026
Date last updated: September 29, 2026
Price: $1,395,000Investment Analyzer NEW!
  • Income Today, Upside Ahead
  • Ground-Floor Commercial Income
  • Flooring & Plumbing Updated 2025
  • 44 Miles to Boston
  • In Worcester's Canal District

Property Description

Northeast Private Client Group, Inc. is pleased to present 148-152 Millbury Street, a nine-unit mixed-use property in Worcester's Canal District, a short walk from Kelley Square and Polar Park. Built in 1920 and rising three stories, the fully occupied building is offered at $1,395,000. The upper floors hold eight residential apartments — five one-bedrooms and three studios — over a ground-floor commercial space leased to a neighborhood bar/restaurant. Ownership covers water and sewer, trash, and common-area electricity. The income splits between steady residential cash flow and a commercial lease that anchors the ground floor. In-place residential rents sit below the levels renovated units command, giving the next owner a clear path to raise income as leases roll. The rent roll and income tables that follow carry the detail. 148-152 Millbury Street offers in-place income from day one, embedded rent upside as units turn, and a Canal District address in the middle of Worcester's most active redevelopment corridor — a chance to own income today with a clear runway to grow it. All interested and qualified parties will have the opportunity to obtain additional information upon request.
Availabletick-green

Request Information

Broker Details

Taylor Perun
Taylor Perun

Northeast Private Client Group 203-307-1576

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,395,000
No. of Units: 9
Year Built: 1920
Lot Size: 0.18 Acres
Opportunity Zone: No
Price per unit: $155,000
Property Website Click Here
Address: 148-152 Millbury Street, Worcester, MA 01610, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

33 + 30 Taylor Road

33 + 30 Taylor Road

Westport Island, Maine
Boston & New England + Apartment Buildings
Price: $1,495,000
217 Wilson Street

217 Wilson Street

Brewer, Maine
Boston & New England + Apartment Buildings
Price: $225,000
92 Cass Street

92 Cass Street

Portsmouth, New Hampshire
Boston & New England + Apartment Buildings
Units: 6
Price: $1,225,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up