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    1022 Main St Worcester, MA 01603

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    For Sale
    $539,000

    Mixed-use property near Clark University with investment potential.

    Lot size:
    0.17 Acres

    Property Features for 1022 Main St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1900

    Source: Space Realty Agent Zhichao Chen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property Near Clark University

    This mixed-use property is located a short walk from Clark University. The building features 12 rooms, 6 bedrooms, 3 full baths, and 1 half bath. The property offers 2,500 sq.ft. of living space and is situated on a 7,592 sq.ft. lot. The home includes a partially finished basement with room for more. Parking is available for 7+ cars on a paved driveway. Currently used as a single-family home, it could be converted to a rooming house, multi-family residence with commercial space, or other uses with the appropriate city approvals. The property is located near the Clark University baseball field, St. Vincent Hospital, Polar Park Stadium, and I-290.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8285552
    Latitude
    42.2471103

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near Clark University with investment potential.
    Where is this mixed-use property located?
    The property is located at 1022 Main St Worcester, MA.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: - Prime location near Clark University, St. Vincent Hospital, Polar Park Stadium, and I-290.; - Mixed-use property with potential for conversion (subject to city approvals).; - Large lot (7,592 sq.ft.) and ample living space (2,500 sq.ft.).
    (917) 376-6662
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    1022 Main St Worcester, MA 01603
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    Worcester, MA 01603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1022 Main St Worcester, MA 01603
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