92 Mill St Lancaster, MA 01523
Estimated payment $5,328/month
Highlights
- Golf Course Community
- Community Stables
- Granite Flooring
- Luther Burbank Middle School Rated A-
- Medical Services
- Property is near public transit
About This Home
Updated 3-family with in-law unit and a beautifully renovated, barn—ideal for investors or owner-occupants seeking value, income, and flexibility. Property generates $10,100/month in rent, with all leases expiring June 2025, offering options to increase rents or occupy. Features include updated kitchens and baths, new roof, siding, windows, modern electrical, and newer heating systems and hot water heater. Unit 1 is spacious and sun-filled, offering 5 bedrooms, 1.5 baths (including a half bath on the second floor), new flooring, and a fully renovated kitchen and bath—lives like a single-family home. Units 2 and 3 each offer 2 bedrooms and 1 bath. The permitted barn provides bonus income or potential for a home office, studio, or guest suite. Set on a nearly half-acre flat lot with 10 off-street parking spaces and located near shopping, dining, and major routes, this rare offering combines strong income with exceptional versatility.
Listing Agent
Benjamin Hicks
Bridgemont Realty LLC Listed on: 04/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,931
Year Built
- Built in 1900
Lot Details
- 0.44 Acre Lot
- Near Conservation Area
- Level Lot
- Cleared Lot
- Garden
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,557 Sq Ft Home
- 1 Fireplace
- Insulated Windows
- Storm Doors
Flooring
- Wood
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 10 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Bulkhead
- Enclosed patio or porch
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number M:041.0 B:0000 L:0239.0,3763631
Community Details
Overview
- 3 Units
- Property has 3 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $121,200
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,931 | $490,800 | $107,200 | $383,600 |
| 2024 | $8,042 | $460,600 | $99,700 | $360,900 |
| 2023 | $0 | $454,300 | $90,700 | $363,600 |
| 2022 | $6,675 | $343,200 | $93,900 | $249,300 |
| 2021 | $6,356 | $318,100 | $93,900 | $224,200 |
| 2020 | $4,403 | $221,800 | $94,000 | $127,800 |
| 2019 | $4,430 | $224,300 | $94,000 | $130,300 |
| 2018 | $4,448 | $222,600 | $94,000 | $128,600 |
| 2016 | $4,268 | $218,300 | $93,100 | $125,200 |
| 2015 | $3,857 | $205,600 | $93,100 | $112,500 |
| 2014 | $4,062 | $214,800 | $93,100 | $121,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Price Changed | $845,000 | -6.1% | $238 / Sq Ft |
| 04/02/2025 04/02/25 | For Sale | $900,000 | +85.6% | $253 / Sq Ft |
| 12/07/2021 12/07/21 | Sold | $485,000 | +5.5% | $136 / Sq Ft |
| 09/12/2021 09/12/21 | Pending | -- | -- | -- |
| 09/06/2021 09/06/21 | For Sale | $459,900 | -- | $129 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $485,000 | None Available | |
| Quit Claim Deed | $309,000 | -- | |
| Not Resolvable | $150,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $476,215 | FHA | |
| Previous Owner | $248,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $247,200 | New Conventional | |
| Previous Owner | $153,363 | New Conventional |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73354159
APN: LANC-000410-000000-002390
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