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249 Lincoln StWorcester, MA 01605

For Sale

$1,300,000

Smart Buyer Rebate $6,500

249 Lincoln Street is a fully renovated mixed-use investment property located in Worcester, MA. The three-story building consists of seven (7) total units, including four 2-Bedroom/1-Bathroom apartments, one Studio apartment, and two Commercial units. The property contains approximately 7,135 square feet of gross living area within 11,635 square feet of gross building area and is situated on a 0.15-acre parcel with over four off-street parking spaces.The residential units have been recently renovated, helping drive strong rental income while minimizing future capital expenditures. Each unit is separately metered for heat, hot water, and electricity, which tenants pay directly, improving overall net operating income. The commercial units provide stable income with more than three years remaining on both leases each with annual increases.The property strategically sits less than one block from UMass Memorial Medical Center – Hahnemann Campus and is offered at an 8.68% cap rate.

Listed by Ethan Lazar

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Horvath & Tremblay

·

617-910-1219

Last updated March 13, 2026

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Source: MLSPin #73484138

Listing Facts

  • TypeMulti-family
  • NeighborhoodBrittan Square
  • Bedrooms8
  • Bathrooms7
  • Days on Prevu6
  • Taxes$18,245/year
  • Size7,256 sqft
  • Price per sqft$179

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/09/2026
Listed by Horvath & Tremblay
$1,300,000

Property Details for 249 Lincoln St

Association

Amenities

  • Community Features: Medical Facility

Exterior

Construction

  • Number Of Units Total: 7
  • Stories: 5
  • Stories Total: 5
  • Year Built: 1920
  • Year Built Details: Actual

Features

  • Road Frontage Type: Public

Measurements

  • Building Area Total: 7,256
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.15
  • Lot Size Area: 0
  • Lot Size Square Feet: 6,500
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $172,320.00
  • Operating Expense: $50,863.00

Taxes

  • Parcel Number: M:09 B:013 L:00010,1770992
  • Tax Annual Amount: $18,245.00
  • Tax Assessed Value: $895,200.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 7,256
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 5
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 7
  • Bedrooms Total: 8
  • Rooms Total: 21

Parking

Parking

  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street
  • Parking Total: 4

Utilities

Equipment

  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 8 bedrooms and 7 bathrooms in this multi-family home at 249 Lincoln St.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 249 Lincoln St.

What are the annual taxes for 249 Lincoln St?

Annual taxes for this multi-family home are estimated at $18,245.

How does 249 Lincoln St compare to other multi-family homes in Brittan Square?

This multi-family home is listed 120% above the average price for multi-family homes in Brittan Square and has been on the market for 19 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 7,256 sqft.

249 Lincoln St is a 8-bedroom, 7-bath multi-family home for sale in Worcester MA 01605. Available on Prevu for 6 days at $1,300,000. This property features 7,256 square feet of living space, located in Worcester County. The median listing price for multi-family homes in this area is $498,000. Property amenities include parking. Browse more multi-family home listings in Worcester County.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.