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    227 Chandler St Worcester, MA 01609

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    For Sale
    $1,000,000

    Mixed-use property with commercial space and short-term rental income.

    Lot size:
    0.08 Acres

    Property Features for 227 Chandler St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1912

    Source: eXp Realty Agent Omar Regalado

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

    Overview

    Mixed-Use Property Near Park Avenue

    Located at the corner of Chandler Street and Park Avenue, this mixed-use property offers an investment opportunity. The first floor is currently used as a spacious church, with potential for various commercial uses. The second and third floors are rented out, generating income. The second floor features four bedrooms and two bathrooms, while the third floor offers five bedrooms and two bathrooms, both well-maintained and furnished. This property is situated in the heart of the city, offering access to shops, restaurants, and public transportation. The upper floors are generating short-term rental income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -71.8194417
    Latitude
    42.2614066

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    FAQs

    What type of property is this?
    Church & religious facility - Mixed-use property with commercial space and short-term rental income.
    Where is this church & religious facility located?
    The property is located at 227 Chandler St Worcester, MA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Generates over $200K in income from Airbnb rentals on the second and third floors.; - Prime mixed-use property in a high-demand, central location with easy access to amenities and public transportation.; - First floor suitable for commercial use, currently used as a spacious church.
    (774) 351-5085
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    227 Chandler St Worcester, MA 01609
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    Worcester, MA 01609
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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
    227 Chandler St Worcester, MA 01609
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