$950,000
$325K PRICE DROP

73 Southgate St Worcester, MA 01603

South Worcester Neighborhood

Estimated payment $5,490/month

Total Views 2,118
6 Beds
3 Baths
7,664 Sq Ft
$124 Price per Sq Ft

Highlights

  • Property is near public transit
  • Coin Laundry
  • 4-minute walk to Camp Park
  • Corner Lot

About This Home

Incredible mixed-use investment opportunity in the heart of Worcester! 139 Grand Street is home to Guertin’s Cafe—Worcester’s oldest bar—originally opened in 1905 and reopened in 2024. The property includes three residential units: two have been fully renovated and are leased to Clark University students, while the third is vacant and ready for renovation, offering strong value-add potential. The commercial space on the first floor is occupied by the cafe’s owner, who is willing to sign a sale-leaseback, providing immediate income. Located just minutes from Clark University, this asset offers a stable rental base with room to increase cash flow. Ideal for investors looking to blend historic charm with modern returns. With strong rental demand in the area, proximity to Clark University, and upside potential through both residential and commercial income growth, 139 Grand Street represents a compelling investment.

Listing Agent

Jim Glickman

NAI Glickman Kovago & Jacobs Listed on: 05/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,788

Year Built

  • Built in 1900

Lot Details

  • 5,105 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Parking Spaces

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 7,664 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number 1769149

Community Details

Building Details

  • Electric Expense $7,500
  • Insurance Expense $5,963
  • Water Sewer Expense $4,000
  • Operating Expense $25,893
  • Net Operating Income $57,893

Additional Features

  • 3 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,788

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Levels: 3
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Above Grade Finished Sq Ft: 7664
  • Living Area: 7664
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2432

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Laundromat, Public School, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4000

Lot Info

  • Parcel Number: 1769149
  • Zoning: BL-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5105
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5788

Multi Family

  • Electric Expense: 7500
  • Insurance Expense: 5963
  • Net Operating Income: 57893
  • Number Of Units Total: 3
  • Operating Expense: 25893
  • Total Actual Rent: 7500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 -- $476,400 $76,200 $400,200
2024 -- $419,000 $76,200 $342,800
2023 $0 $480,100 $66,200 $413,900
2022 $0 $383,000 $53,000 $330,000
2021 $0 $340,600 $42,400 $298,200
2020 $7,504 $324,000 $39,300 $284,700
2019 $7,344 $311,000 $37,100 $273,900
2018 $0 $301,800 $37,100 $264,700
2017 $0 $301,800 $37,100 $264,700
2016 -- $289,800 $30,700 $259,100
2015 -- $289,800 $30,700 $259,100
2014 $6,120 $289,800 $30,700 $259,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2025 07/09/25 Price Changed $950,000 -25.5% $124 / Sq Ft
05/30/2025 05/30/25 For Sale $1,275,000 -- $166 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Not Resolvable $360,000 None Available
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73382803

MLS Property Information Network (MLS PIN)

APN: WORC-000007-000023-000001

Massachusetts Worcester County Worcester 01603 South Worcester

73 Southgate St, Worcester, MA

For Sale

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Jim Glickman
Listing Agent
Jim Glickman
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NAI Glickman Kovago & Jacobs
(508) 406-9452