Mixed-Use Retail and Apartment
For Sale
Contact for pricing
23 Millbury Street, Worcester, MA 01610
Two retail storefronts and nine apartments in one mixed-use property, with resident laundry hookups and recently replaced roofs.
Property Size18,000 SF
Price / SF$138.61
Days on Market63
Property Features for 23 Millbury Street
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Retail, Mixed Use
Investment Type
Value Add
Additional Details
Business Included
Yes
Multifamily Units
9
Building Details
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
NorthEast Private Client Group Shelton
(203) 307-1574
Listed By:
Taylor Perun · License #MA134963
Source:
Crexi
Added: Jun 11
Changed: Aug 11
Last Checked: Aug 12 at 11:03AM
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 NorthEast Private Client Group Shelton
Investment Insights
Based on property information with market context.
This mixed-use building includes two retail storefronts and nine apartments, comprising four four-bedroom units and five three-bedroom units. Each apartment has laundry hookups, and the roofs have been replaced within the past year. Tenants are responsible for their own electric, gas heat, and hot water, which helps keep operating responsibilities in the tenants’ hands.
The property is located on Millbury Street in Worcester, within close proximity to Downtown Worcester, Polar Park, and Union Station, along with numerous local restaurants and amenities. An adjacent parcel at 15 Millbury Street is available for optional pairing, which may allow supplemental parking income for both residential and retail tenants.
For prospective owners or operators, the current mix of street-level retail and multi-bedroom apartment units offers a straightforward operating setup within a single asset. The tenant-paid utilities model and in-unit laundry hookups are practical features for day-to-day management, while the recent roof replacement is a tangible capital update. The option to pair the adjacent parcel provides an added consideration for operators evaluating potential parking support for tenants.
The property is located on Millbury Street in Worcester, within close proximity to Downtown Worcester, Polar Park, and Union Station, along with numerous local restaurants and amenities. An adjacent parcel at 15 Millbury Street is available for optional pairing, which may allow supplemental parking income for both residential and retail tenants.
For prospective owners or operators, the current mix of street-level retail and multi-bedroom apartment units offers a straightforward operating setup within a single asset. The tenant-paid utilities model and in-unit laundry hookups are practical features for day-to-day management, while the recent roof replacement is a tangible capital update. The option to pair the adjacent parcel provides an added consideration for operators evaluating potential parking support for tenants.
Key Highlights
- Mixed‑use Worcester property with 2 retail storefronts and 9 total apartments (4 four‑bedroom units and 5 three‑bedroom units).
- Tenant‑paid utilities: tenants are responsible for electric, gas heat, and hot water, helping minimize landlord utility expenses.
- Resident laundry hookups available in all units.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,448
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Beebe Florist | Flower Delivery Worcester MA — 24 Franklin St, Worcester, MA 01608
- Flowers By Rosa Isabel — Worcester, MA 01608
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail storefronts and nine apartments in one mixed-use property, with resident laundry hookups and recently replaced roofs.
Where is this storefront property located?
The property is located at 23 Millbury Street Worcester, MA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Mixed‑use Worcester property with 2 retail storefronts and 9 total apartments (4 four‑bedroom units and 5 three‑bedroom units).; Tenant‑paid utilities: tenants are responsible for electric, gas heat, and hot water, helping minimize landlord utility expenses.; Resident laundry hookups available in all units.
