For Sale
$1,600,000

393-397 Shrewsbury St Worcester, MA 01604

24-Unit Apartment Building, Worcester, MA

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fully permitted 24-unit multifamily apartment complex situated on a 0.39-acre lot at 393-397 Shrewsbury Street in Worcester, Massachusetts. The property boasts a prime location on the vibrant Shrewsbury Street, offering high visibility and convenient access to major roadways, including I-290. The building design incorporates underground parking for residents, a significant advantage in this desirable area. Adding to its appeal, the complex includes valuable first-floor commercial space, perfect for a variety of businesses. Each unit is designed as a market-rate residential apartment, catering to the strong demand for housing in Worcester. The property's proximity to downtown Worcester provides residents with easy access to a wide array of dining, retail, and entertainment options. This is a rare chance to acquire a fully permitted, high-potential multifamily development in a thriving urban location. The asking price is $1,600,000. This represents a compelling investment opportunity with significant upside potential. The property's strategic location and well-planned design make it an attractive proposition for both seasoned investors and those new to the market.

Highlights

  • 393-397 Shrewsbury Street, Worcester, MA
  • 0.39-acre lot
  • Fully permitted 24-unit multifamily apartment complex
  • Market-rate residential units
  • First-floor commercial space
  • Underground resident parking

Property Details for 393-397 Shrewsbury St

Property type
Apartment buildings
Square Feet
1 SF
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.270978
Longitude
-71.774978

FAQs

What type of property is this?
Apartment building - 24-Unit Apartment Building, Worcester, MA
Where is the apartment building located?
The property is located at 393-397 Shrewsbury St Worcester, MA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 393-397 Shrewsbury Street, Worcester, MA; 0.39-acre lot; Fully permitted 24-unit multifamily apartment complex
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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393-397 Shrewsbury St
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