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 as they turn, giving the next owner a clear path to raise income as leases
roll, while the ground-floor tenant diversifies the building's cash flow. The rent roll and
income tables that follow carry the detail.
148-152 Millbury Street offers a fully occupied, mixed-use investment: 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. It is a chance to own
income today with a clear runway to grow it.