$750,000
SOLD DEC 13, 2024
9 Beds
3 Baths
3,260 Sq Ft
4,595 Sq Ft Lot

Recently Sold

$230 Per Sq Ft

3% Below List Price

63 Days on Market

Highlights

  • Property is near public transit
  • Enclosed patio or porch
  • Park
  • Wood Flooring
  • Tandem Parking
  • 3-minute walk to Cristoforo Colombo Park

About This Home

As of December 2024

Unlock a premier investment opportunity with 7 Lyon Street, a fully stabilized three-family property located just off Shrewsbury Street in Worcester. This well-maintained gem offers an excellent blend of stability, modern amenities, and strong rental potential, making it a prime addition to any investment portfolio. Situated just off the vibrant Shrewsbury Street, this property enjoys proximity to an array of restaurants, shops, and entertainment options. The location offers excellent connectivity to major highways and downtown Worcester, ensuring consistent tenant interest and high occupancy rates. For experienced investors seeking a high-performing, income-generating asset with modern updates and minimal risk, 7 Lyon Street represents a compelling opportunity. Contact us today to explore this exceptional property and see how it can fit into your investment strategy!

Last Agent to Sell the Property

Ben Kovacs

Byrnes Real Estate Group LLC Listed on: 09/06/2024

Co-Listed By

Mark Savage

Byrnes Real Estate Group LLC

Last Buyer's Agent

Elvis Doda

Coldwell Banker Realty - Milton

Coldwell Banker Realty - Milton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,314

Year Built

  • Built in 1900

Lot Details

  • 4,595 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • 3,260 Sq Ft Home
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Off-Street Parking

Schools

  • City View Elementary School
  • Worcester East Middle School
  • Worcester Tech High School

Utilities

  • 3 Cooling Zones
  • 3 Heating Zones
  • 100 Amp Service

Additional Features

  • Enclosed patio or porch
  • Property is near public transit
  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $6,500
  • Assessor Parcel Number M:16 B:034 L:00035,1778658

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Park

Additional Features

  • Coin Laundry
  • Net Operating Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,314

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Unknown/Mixed
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl, Hardwood
  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Unfinished
  • Living Area: 3260
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN8284
  • LIST PRICE PER Sq Ft: 237.73
  • PRICE PER Sq Ft: 230.06
  • MAIN SO: AN6181

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Tandem
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: 100 Amp Service
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Laundromat, Highway Access
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:16 B:034 L:00035,1778658
  • Zoning: BG-2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4595
  • Lot Size Units: Acres
  • PAGE: 43
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7314
  • Tax Book Number: 67868

Multi Family

  • Gross Income: 78000
  • Net Operating Income: 78000
  • Number Of Units Total: 3
  • Total Actual Rent: 6500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 3
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

  • High School: Worcester Tech
  • Elementary School: City View
  • Middle Or Junior School: Worcester East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 1, 2022
Sold by
Disilvestro Stephen V and Disilvestro James J
Bought by
Disilvestro Mary A
Seller's Agent
Kelly Nelson
Blue Sky Realty
Buyer's Agent
Ben Kovacs
Byrnes Real Estate Group LLC
List Price
$595,000
Sold Price
$595,000
Current Estimated Value
$759,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,257
Avg. Annual Appreciation
7.93%
Original Mortgage
$446,250
Interest Rate
5.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2021
Sold by
Disilvestro Mary A
Bought by
Disilvestro Stephen V and Disilvestro James J

Purchase Details

Closed on
Jan 16, 1991
Sold by
Disilvestro Marie and Falco William J
Bought by
Disilvestro Joseph G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
9.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Deed $50,000 --
Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $736,415 FHA
Closed $736,415 FHA
Closed $446,250 Commercial
Previous Owner $60,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $750,000 -3.2% $230 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $775,000 +30.3% $238 / Sq Ft
07/06/2022 07/06/22 Sold $595,000 0.0% $183 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $595,000 -- $183 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,956 $603,200 $76,500 $526,700
2024 $7,314 $531,900 $76,500 $455,400
2023 $6,006 $418,800 $66,500 $352,300
2022 $5,228 $343,700 $53,200 $290,500
2021 $4,770 $293,000 $42,600 $250,400
2020 $4,408 $259,300 $42,300 $217,000
2019 $4,397 $244,300 $36,900 $207,400
2018 $4,293 $227,000 $36,900 $190,100
2017 $4,021 $209,200 $36,900 $172,300
2016 $3,182 $154,400 $26,900 $127,500
2015 $3,099 $154,400 $26,900 $127,500
2014 $3,017 $154,400 $26,900 $127,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73286416

MLS Property Information Network (MLS PIN)

APN: WORC-000016-000034-000035