Active
66 Days on market
106 Mill St Worcester — Photo 1 of 37

106 Mill St Worcester — Photo 1 of 37

Recent Drop: $50,000

$839,900
$789,900

$789,900

106 Mill St, Worcester, MA 01603

Worcester, MA 01603 — Webster Square

Beds

9

Baths

5

SqFt

3,632

Style

4 Family

Built

1920

Huge Price Adjustment!! 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!** Unit 4 to be delivered vacant.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$217/sqft
Local Avg (Worcester)$218/sqft
0% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Worcester, MA.

Property Details

Financials

Original Price$839,900
Annual Taxes$8,419

Parking

Garage2
Off-Street9

Interior Specifications

Total Rooms18
FireplacesNone
FlooringWood, Vinyl, Laminate
BasementFull, Interior Entry, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningRL-7

Property & Lot

Acres0.34
SqFt Lot15,026
Lot FeaturesLevel, Other

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat

Geography

Property History

Price Drop
$789,900

Was $819,900

Sep 17, 2026

MLS® 73551599

Price Drop
$819,900

Was $839,900

Aug 13, 2026

MLS® 73551599

Listed
$839,900

Jul 17, 2026

MLS® 73551599

Population

20,868

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$66K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,805 housing units permitted in the last 12 months (+1% vs the prior 12 months) — 1,007 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Carlena Desmond

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73551599

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