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    50 Water St Worcester, MA 01604

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    For Sale
    $2,490,000

    Fully renovated, leased mixed-use property with restaurant and apartments.

    Lot size:
    0.15 Acres

    Property Features for 50 Water St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1925

    Source: RE/MAX Partners Agent James Kalogeropoulos

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

    Overview

    Turnkey Mixed-Use Investment Opportunity

    This is a fully renovated mixed-use property featuring a restaurant on the ground floor and three upscale residential apartments above. The 4-unit property has been updated with high-end finishes. The building is fully leased, professionally managed, and maintained. The property's rent roll provides income, and the combination of commercial and residential tenants creates stability.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7954166
    Latitude
    42.2573844

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    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated, leased mixed-use property with restaurant and apartments.
    Where is this mixed-use property located?
    The property is located at 50 Water St Worcester, MA.
    What is the asking price?
    The asking price for this property is $2,490,000.
    What are key features of this property?
    This property features: - Fully leased, professionally managed, and meticulously maintained 4-unit property (restaurant + 3 apartments).; - Turnkey investment with strong rent roll and reliable income.; - Combination of commercial and residential tenants provides long-term stability.
    (508) 635-8259
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    50 Water St Worcester, MA 01604
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    Worcester, MA 01604
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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
    50 Water St Worcester, MA 01604
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