Residential Income

Lancaster, MA Residential Income Properties for Sale

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Renovated Three-Unit Residential
Updated: May 22
Renovated Three-Unit Residential

13 Mill Street, Lancaster, MA 01523

$849,900
3,610 sqft 2.67 AC lot
Renovated 3‑family property built in 1930 on 2.67 acres
2021 renovation with multiple rental units
2nd unit: 2 beds and 1.5 baths (tenant moving out by 6/30)
3rd unit: 1 bed and 2 full baths (tenant would like to stay)
1st unit offers 3 beds and 3 baths, plus a huge finished lower level (owner‑occupy or rent)
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Updated 3-Family with In-Law Barn
Updated: Mar 11, 2025
Updated 3-Family with In-Law Barn

92 Mill Street, Lancaster, MA 01523

$790,000
3,557 sqft
Updated 3‑family home with an on‑site in‑law unit and a large barn for additional space
Nearly half‑acre level, cleared lot with an enclosed porch and rain gutters
10 off‑street parking spaces
Recent updates include renovated kitchens and baths, new roof, siding, windows, electrical upgrades, and newer heating plus hot water heater
1 fireplace; insulated windows; full basement with bulkhead and concrete floor
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Lancaster, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Family Residential Income Home
Two-Family Residential Income Home

8 Highland Street, Clinton, MA 01510

$500,000
1,805 sqft

Well-maintained two-family home with two bedrooms and one full bath per unit, plus off-street parking and recent exterior updates.

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Mobile Home Park with 42 Sites
Mobile Home Park with 42 Sites

1237 Central Street, Leominster, MA 01453

$2,900,000
14,270 sqft 5.00 AC lot

Mobile home community with 42 sites and direct-access parking, with tenant-paid utilities and seller-paid water and sewer.

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Side-by-Side Duplex Corner Lot
Side-by-Side Duplex Corner Lot

78-80 West Street, Clinton, MA 01510

$509,000
2,431 sqft

Side-by-side duplex on a corner lot with open-concept first floors and walk-out basements.

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Duplex with Patio Bar
Duplex with Patio Bar

60 Howard Street, Leominster, MA 01453

$645,900
3,512 sqft

Two-unit duplex featuring wood floors, upgraded kitchens, a sunroom, and an outside/inside bar on the patio.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Northborough Buildable Lot Near Mt. Pisgah
Northborough Buildable Lot Near Mt. Pisgah

429 Howard Street, Northborough, MA 01532

$425,000
2.47 AC lot

Buildable lot in desirable location with convenient access to amenities.

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Land in Desirable Leominster Location
Land in Desirable Leominster Location

Elm St lot: 1, Leominster, MA 01453

$180,000
3.01 AC lot

Expansive 3+ acre lot perfect for building your dream home.

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Development Land Near Lake Whalom
Development Land Near Lake Whalom

365 Hollis Hill Road, Lunenburg, MA 01462

$1,350,000
34.00 AC lot

34 acres of wooded parcels for single-family residences development.

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Fitchburg Buildable Lot For Sale
Fitchburg Buildable Lot For Sale

Grand St, Fitchburg, MA 01420

$120,900
0.24 AC lot

Buildable lot for two-family residence in a desirable area.

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Lancaster, MA Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Lancaster, MA on our real estate platform. These investment opportunities span a total of 7,167 square feet of properties for sale, with an estimated market value of $1,639,900.

Sale prices for residential income properties in Lancaster, MA start at $790,000, averaging $819,950, and reaching up to $849,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 3
Triplexes 2
Apartment buildings 1

Demographics Overview

Population 8,470
Population Growth (5Y) +9.3%
Median Household Income $130,444
College Educated 69.0%

Taxes & Financing

Tax Rate (average for all types) 1.75%
Property Tax per SF $51.00 per SF
Tax Rate vs County Average 0.06 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Worcester County

New Delisted

Total CRE Inventory on Market (SF)

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