Five-Unit Apartment
For Sale
Contact for pricing
Pending
399 Lake Ave, Worcester, MA 01604
Five-unit apartment building with separate utilities and water views from every unit.
Property SizeContact for details
Days on Market149
Property Features for 399 Lake Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
5
Listing Agency:
RE/MAX Partners
Listed By:
David Stead · License #BK 9041617
(774) 696-0027
Source:
Crexi
Added: Apr 11
Changed: Aug 27
Last Checked: Sep 5 at 10:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Partners
Investment Insights
Based on property information with market context.
This five-unit apartment building offers a mix of one-bedroom configurations, including two studio units and three two-bedroom units. One studio unit has recently been updated with fresh paint and new LVP flooring, while the other three units have been updated within the last 10 years. The building is supported by separate utilities, and water views are available from all units.
Located in the Lake Park area at 399 Lake Ave in Worcester, MA, the property is approximately 2 miles to UMASS Med School. It is also within walking distance of Quinsigamond State Park and the beach, with quick access to schools, shopping, and major routes.
For buyers seeking a small multifamily asset, the combination of unit mix, recent interior updates, and separate utilities provides a straightforward residential income property profile.
Located in the Lake Park area at 399 Lake Ave in Worcester, MA, the property is approximately 2 miles to UMASS Med School. It is also within walking distance of Quinsigamond State Park and the beach, with quick access to schools, shopping, and major routes.
For buyers seeking a small multifamily asset, the combination of unit mix, recent interior updates, and separate utilities provides a straightforward residential income property profile.
Key Highlights
- Five‑unit apartment building with separate utilities
- Unit mix: two studio units, three 2‑bedroom units
- Water views from every unit
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building with separate utilities and water views from every unit.
Where is this apartment building located?
The property is located at 399 Lake Ave Worcester, MA.
What are key features of this property?
This property features: Five‑unit apartment building with separate utilities; Unit mix: two studio units, three 2‑bedroom units; Water views from every unit
