Sold
Last Sold Price
9 beds3,260 sqft
7 Lyon St, Worcester, MA 01604
Multi FamilyProperty Type
0.11 acresLot Size
1900Year Built
$230/sq ftPrice per sq ft
2 carsParking Spaces

Description

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...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!

Listing Agents

  1. Benjamin Kovacs

    Benjamin Kovacs

    Listing Agent

    Compass

    ben.kovacs@compass.com

    P: (774) 217-2268

    M: (774) 217-2268

  • Listed by: Mark Savage • Byrnes Real Estate Group LLC
Listing closed: 12/13/2024 12:00 AM • Source: MLS PIN, MLS#: 73286416

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Location

Listing Courtesy of Compass, Benjamin Kovacs; Byrnes Real Estate Group LLC, Mark Savage
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Payment Calculator

$4,613 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,004

Property Taxes

$610

HOA Dues

$0

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Property Information for 7 Lyon Street

Property Details
  • Taxes: $7,314 / year
  • MLS Type: Multi-family / 3 Family
  • Town: Worcester
  • Area: MA-Worcester
  • Garage Spaces: 0
  • Open Parking Spaces: 2.00
  • Parking Spaces Total: 2
Building Information
  • Stories: 3
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.11 AC / 4,595 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Laundromat, Highway Access
  • Current Financing: Other
  • Living Area: 3260.0
  • Color: Gray
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Unknown/Mixed
  • Year Built Source: Public Records
Location/School
  • Grade School: City View
  • High School: Worcester Tech
  • Middle School: Worcester East
Features
Interior Features
  • Appliances: Washer, Dryer
  • Basement Features: Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Fenced Yard, Porch - Enclosed
  • Fencing: Fenced
  • Lot Description: Level
  • Patio And Porch Features: Enclosed
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Electric: 100 Amp Service
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
Tax Information
  • Tax ID: M:16 B:034 L:00035,1778658
  • Assessments: $531,900
  • Book: 67868
  • Tax Year: 2024
  • Zoning: BG-2
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Levels: 3
  • Cooling Units: 3
  • Cooling Zones: 3
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • GOI: $78,000.00
  • NOI: $78,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,500.00

Property History for 7 Lyon Street

DateEvent & SourcePriceAppreciation
Dec 13, 2024

Sold

MLS PIN #73286416

$750,000—
Nov 8, 2024

Under Agreement

MLS PIN #73286416

—
Nov 8, 2024

Contingent

MLS PIN #73286416

—
DateEvent & SourcePrice
12/13/2024

Sold

MLS PIN #73286416

$750,000
11/08/2024

Under Agreement

MLS PIN #73286416

—
11/08/2024

Contingent

MLS PIN #73286416

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7 Lyon Street

Taxable ValueLand$76,500Additions$526,700Total$603,200
Tax Record2025$7,956 ($663 / month)
Home Facts
Baths3Total Finished SqFt3,260 SqFtAbove Grade Finished SqFt3,260 SqFtUnfinished Basement SqFt1,249 SqFtStories3Lot Size4,595 SqFtStyleTriplexYear Built1900Year Renovated1900ZoningBG-2CountyWORCESTERAPNWORC M:16 B:034 L:00035

Schools near 7 Lyon Street

This home is within Worcester School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - 7 to 8
Rating
School
Distance
Jacob Hiatt Magnet School
PublicPK to 6

Worcester Dual Language Magnet School
PublicPK to 6

City View Discovery School
PublicPK to 6

Worcester East Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7 Lyon Street, Worcester, MA 01604
$750,000
9
3,260
4,595
$263,000
–
3
3,657
4,560
$335,000
4
2,300
3,214
$93,120
–
3
1,040
–
$685,000
9
3,429
2,880
$60,000
–
2
1,260
1,867

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Benjamin Kovacs; Byrnes Real Estate Group LLC, Mark Savage

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.