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Worcester,MA 01603
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,664 sqft
Price per Sqft $123
MLS Listing ID 73382803
Bedrooms 6
Full Baths 3
Year Built 1900
Annual Tax Amount $5,788
Tax Year 2024
Lot Size 5,227 Sqft
Property Sub-Type 3 Family
Property Description
Incredible mixed-use investment opportunity in the heart of Worcester! 139 Grand Street is home to Guertin's Café—Worcester's oldest bar—originally opened in 1905 and reopened in 2024. The property includes three residential units: two have been fully renovated and are leased to Clark University students, while the third is vacant and ready for renovation, offering strong value-add potential. The commercial space on the first floor is occupied by the café's owner, who is willing to sign a sale-leaseback, providing immediate income. Located just minutes from Clark University, this asset offers a stable rental base with room to increase cash flow. Ideal for investors looking to blend historic charm with modern returns. With strong rental demand in the area, proximity to Clark University, and upside potential through both residential and commercial income growth, 139 Grand Street represents a compelling investment.
Location
State MA
County Worcester
Zoning BL-1
Exterior
Community Features Public Transportation,Laundromat,Public School,T-Station,University
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public