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    146 Chandler St Worcester, MA 01609

    For Sale
    $2,900,000

    17-unit mixed-use property with retail and residential units.

    Lot size:
    0.45 Acres

    Property Features for 146 Chandler St

    General Information

    Lot size
    0.45 Acres

    Building Details

    Year built
    1920

    Source: Cameron Prestige, LLC Agent Patrick Sullivan

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

    Overview

    Mixed-Use Property Near Polar Park

    This mixed-use property in Worcester features 15 residential units and 2 retail spaces. The property consists of 3 contiguous buildings, totaling 17,410 square feet, situated on a corner lot of almost half an acre. A parking lot provides space for 30 cars. The apartments have been renovated, and the property includes a rubber roof, a sprinkler system, and a sprinkler monitoring system. A boiler heating system was installed in 2020. The property is located 0.6 miles from Polar Park, the home of the Red Sox AAA team. There is an opportunity to raise rents and grow net operating income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm 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
    -71.8131366
    Latitude
    42.2604014

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    FAQs

    What type of property is this?
    Mixed-use property - 17-unit mixed-use property with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 146 Chandler St Worcester, MA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Mixed-use property with **15 residential units and 2 retail units** offers diverse income streams.; - Significant rent increase potential due to below-market rents.; - Large 3-building property totaling 17,410 SF on a nearly half-acre corner lot with a stop light.
    (508) 556-3209
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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
    146 Chandler St Worcester, MA 01609
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