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50 Water St 4 Unit Apartment Building $2,490,000 ($622,500/Unit) Worcester, MA 01604

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Executive Summary

Turnkey mixed-use investment opportunity! This fully renovated 4-unit property features a restaurant on the ground floor and three upscale residential apartments above. Every unit has been updated with high-end finishes, offering modern style and durability for years to come. The building is fully leased, professionally managed, and maintained to the highest standard with no deferred maintenance—making it a truly hassle-free asset. Strong rent roll provides reliable income, while the combination of commercial and residential tenants creates long-term stability. An ideal addition to any portfolio seeking quality, performance, and peace of mind.

Financial Summary (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Taxes	$99,999	$9.99
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

Financial Summary (Actual - 2024) Click Here to Access

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$2,490,000	Lot Size	0.15 AC
Price Per Unit	$622,500	Building Size	6,343 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1925/2015
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	1.26/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	A
Zoning	BG-3

Price	$2,490,000
Price Per Unit	$622,500
Sale Type	Investment
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low-Rise
Building Class	A
Lot Size	0.15 AC
Building Size	6,343 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1925/2015
Parking Ratio	1.26/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	BG-3

Unit Amenities

Air Conditioning
Kitchen

Oven

Range

Tub/Shower

Site Amenities

24 Hour Access
Walking/Biking Trails

Storage Space

Public Transportation

Walk-Up

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	3	-	-

1 1

Very walkable

80/100

Moderately drivable

60/100

Good public transit

70/100

Fairly bikeable

40/100

Source: Local Logic^®

Property Taxes

Parcel Number	WORC-000004-000021-000001	Total Assessment	$799,600 (2025)
Land Assessment	$288,400 (2025)	Annual Taxes	($1) ($0.00/SF)
Improvements Assessment	$511,200 (2025)	Tax Year	2024