Renovated Three-Family in
139 Lincoln St Worcester, MA 01605
139 Lincoln St, Worcester, MA, 01605
$999,000
For Sale
$999,000
MULTI_FAMILY - Worcester, MA
Property Size4,870 SF
Lot Size0.15 Acres
Price / SF$205.13
Days on Market136
Property Features for 139 Lincoln St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RG-5
- Bedrooms
- 12
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 11, Bedroom 9, Bedroom 12, Bedroom 10, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 8
- Parking
- 2
- Fireplace
- 1
- Standard status
- Active
- APN
- M:09 B:002 L:00026,1770646
- Size
- 4,870 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12126
Building Details
- Year built
- 1903
- Floors in Building
- 3
- Number of units
- 3
Listing Agency
REMAX Executive Realty
(508) 435-6700
22 South Street, Suite 203, Hopkinton, MA
Listed by
Bill Wright · License #5503
(508) 435-6700
Added: Mar 3 Checked: Jul 17 at 10:06 pm
MLS# 73481802
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a three-family property located in Worcester, Massachusetts. The building has been fully gut-renovated and features three spacious units, each with four bedrooms and one bathroom. Each unit includes new kitchens, bathrooms, appliances, and HVAC systems. The property also has a new roof. Modern finishes are present throughout the building. Ample parking is available. The property is located near I-290, shops, restaurants, and Green Hill Park & Golf Course, and is approximately 2 miles from Kelley Square. The property is suitable for investors or owner-occupants. All three units are vacant. The lot size is 0.1493 acres, and the property size is 4870 square feet. The zoning is RG-5.
Key Highlights
- 3‑family home with three 4BR/1BA units
- Fully gut‑renovated with brand‑new kitchens, bathrooms, appliances, and HVAC systems
- Brand‑new roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.1k | $22.20 |
| − Vacancy | −$5.9k | −$1.22 |
| EGI | $102.2k | $20.98 |
| − OpEx | −$30.7k | −$6.29 |
| NOI | $71.5k | $14.69 |
4,870 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$894.0K – $1.19M
NOI $71,517 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$937.9K
$820.6K – $1.09M
NOI $65,650 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,785 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three renovated units near I-290, shops, and Green Hill Park.
Where is this triplex located?
The property is located at 139 Lincoln St Worcester, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3‑family home with three 4BR/1BA units; Fully gut‑renovated with brand‑new kitchens, bathrooms, appliances, and HVAC systems; Brand‑new roof
