Renovated Three-Family
For Sale
$924,000
139 Lincoln St, Worcester, MA 01605
Residential Income, Worcester, MA
Property Size4,870 SF
Lot Size0.15 Acres
Price / SF$189.73
Days on Market216
Property Features for 139 Lincoln St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RG-5
Bedrooms
12
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 9, Bedroom 11, Bedroom 7, Bathroom 3, Bedroom 2, Bedroom 10, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 12, Bathroom 1, Bedroom 8, Bedroom 5
Parking
2
Fireplace
1
Directions
Off of Perkins St. Main Entrance on Perkins Terrace
Standard status
Active
APN
M:09 B:002 L:00026,1770646
Size
4,870 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12126
Building Details
Year built
1903
Floors in Building
3
Number of units
3
Listing Agency:
REMAX Executive Realty · RE/MAX International
(508) 435-6700
Listed By:
Bill Wright · License #5503
(508) 223-7200
Added: Mar 3
Changed: Sep 14
Last Checked: Oct 5 at 1:06PM
MLS# 73481802
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-family triplex contains three 4BR/1BA units within 4,870 square feet. The property underwent a full gut renovation, including new kitchens, bathrooms, appliances, HVAC systems, and roof. Modern finishes are paired with updated building systems, and all three units are vacant. The property also includes a fireplace and was built in 1903.
Set on 0.1493 acres at 139 Lincoln St in Worcester, the property is zoned RG-5 and includes six parking spaces. Access to I-290 is nearby, with shops, restaurants, Green Hill Park & Golf Course, and Kelley Square—approximately 2 miles away—also identified in the surrounding area.
Set on 0.1493 acres at 139 Lincoln St in Worcester, the property is zoned RG-5 and includes six parking spaces. Access to I-290 is nearby, with shops, restaurants, Green Hill Park & Golf Course, and Kelley Square—approximately 2 miles away—also identified in the surrounding area.
Key Highlights
- Three‑family triplex with three 4BR/1BA units
- 4,870 square feet on a 0.1493‑acre lot
- Full gut renovation with new kitchens, bathrooms, appliances, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,517
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,430,340
$1.4M
Cap Rate 7%
$1,021,671
$1.0M
Cap Rate 9%
$794,633
$794.6K
Market Conditions
NOI Build-Up for 4,870 SF
Gross rent
$108.1K $22.20/SF
− Vacancy
−$5.9K −$1.22/SF
EGI
$102.2K $20.98/SF
− OpEx
−$30.7K −$6.29/SF
NOI
$71.5K $14.69/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,430,340
Cap Rate 7%
$1,021,671
Cap Rate 9%
$794,633
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$894.0K – $1.19M
NOI $71,517 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$937.9K
$820.6K – $1.09M
NOI $65,650 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,785 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Updated multifamily property with refreshed interiors, modern systems, on-site parking, and all units currently vacant.
Where is this triplex located?
The property is located at 139 Lincoln St Worcester, MA.
What is the asking price?
The asking price for this property is $924,000.
What are key features of this property?
This property features: Three‑family triplex with three 4BR/1BA units; 4,870 square feet on a 0.1493‑acre lot; Full gut renovation with new kitchens, bathrooms, appliances, and HVAC systems
