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You are here:
Home Massachusetts Worcester Commercial Properties for Sale

50 Water Street Worcester, MA 01604

$2,490,000
Type: Mixed Use
Lease Type N/A
6343 Bldg. SQFT
6 Restroom
Parking: N/A
50 Water Street
Worcester, MA 01604

Property Description

Turnkey mixed-use investment opportunity! This fully renovated 4-unit property features a restaurant on the ground floor and three upscale residential apartments above. Every unit has been updated with high-end finishes, offering modern style and durability for years to come. The building is fully leased, professionally managed, and maintained to the highest standard with no deferred maintenance—making it a truly hassle-free asset. Strong rent roll provides reliable income, while the combination of commercial and residential tenants creates long-term stability. An ideal addition to any portfolio seeking quality, performance, and peace of mind.

Property Overview

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73435233

Building Information

  • Total SQFT: 6343
  • Total Restrooms: 6

Construction & Utilities

  • Utilities: 220 Volts, Natural Gas, Public Sewer, Public Water, Three Phase

Date Event Price Price/Sq Ft Source
09/28/2025Active$2,490,000$393MLSPIN
09/24/2025New$2,490,000$393MLSPIN
09/19/2024Sold$5,000MLSPIN
08/07/2024Canceled$2,400,000$377MLSPIN
07/14/2024Active$5,000MLSPIN
07/10/2024Price Change$5,000MLSPIN
04/16/2024Active$6,500MLSPIN
04/15/2024Canceled$200,000MLSPIN
04/12/2024Price Change$6,500MLSPIN
03/24/2024Active$2,400,000$377MLSPIN
03/24/2024Active$7,000MLSPIN
03/20/2024New$2,400,000$377MLSPIN
03/20/2024Back on Market$7,000MLSPIN
03/02/2024Under Agreement$200,000MLSPIN
03/02/2024Under Agreement$7,000MLSPIN
02/12/2024Active$7,000MLSPIN
02/12/2024Active$200,000MLSPIN
02/08/2024New$7,000MLSPIN
02/08/2024New$200,000MLSPIN

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Map & Resources

Worcester Alternative School at St. Casimir's

School

0.13mi

Grafton Street School

Public Elementary School, Grades: K-6

0.41mi

Worcester Academy

Private School, Grades: 6-12

0.41mi

Saint Marys Central Elementary School

Grades: 1-6

0.46mi

St. Mary's Elementary School

Private School, Grades: PK-6

0.47mi

St. Mary's Junior-Senior High School

Private School, Grades: 7-12

0.47mi

Learning First Charter Public School

Charter School, Grades: K-8

0.48mi

Union Hill School

Public Elementary School, Grades: K-6

0.5mi

Femme Bar

Bar

0.16mi

The Dive Bar

Bar

0.19mi

Wonder Bar

Bar

0.26mi

Hotel Vernon

Bar

0.27mi

Coors Home Plate Bar

Bar

0.3mi

Victory Bar & Cigar

Bar

0.4mi

Wormtown Brewery

Bar

0.44mi

Brew City Grill & Brew House

Bar

0.5mi

Franklin Street Station

Fire Station

0.19mi

Worcester Fire Department

Fire Station

0.47mi

Worcester Fire Station #2 South Division

Fire Station

0.49mi

Pleasant Street Firehouse

Fire Station

1.09mi

WPI Campus Police

Police

1.2mi

Saint Vincent Hospital at Worcester Medical Center

Hospital

0.38mi

Family Health Center of Worcester

Hospital

0.95mi

UMass Memorial Medical Center - Memorial Campus

Hospital

0.98mi

The Hanover Theatre Conservatory for the Performing Arts

Arts Centre

0.47mi

ArtsWorcester

Gallery

0.39mi

Franklin Square Salon Gallery

Gallery

0.47mi

Worcester Historical Museum

Museum

0.69mi

Worcester Music Academy

Music Venue

0.67mi

Polar Park

Stadium. Sports: Baseball

0.2mi

DCU Center

Stadium. Sports: Ice Hockey

0.49mi

The Hanover Theatre for the Performing Arts

Theatre

0.43mi

True North Performance Training

Fitness Centre

0.05mi

Fidelity Bank Worcester Ice Center

Sports Centre. Sports: Ice Hockey, Ice Skating

0.03mi

YWCA Central Massachusetts

Sports Centre

0.23mi

Worcester YMCA Central Community Branch

Sports Centre

0.73mi

YWCA Central Massachusetts Pool

Swimming Pool

0.25mi

Worcester YMCA Central Community Branch Pool

Swimming Pool

0.74mi

General Pickett Park

Park

0.18mi

City Square

Park

0.32mi

City Common

Municipal Park

0.37mi

Fay Street Historic District

Park

0.39mi

Providence Street Historic District

Park

0.49mi

Crompton Park

Municipal Park

0.56mi

Lower Pleasant Street District

Park

0.6mi

Cristoforo Colombo Park

Municipal Park

0.66mi

Plymouth St. Playground

Playground

0.2mi

Shale St Playground

Playground

0.53mi

Banis St Playground

Playground

0.64mi

Betty Price Playground

Playground

0.77mi

Cristoforo Colombo Spray Park

Playground

0.8mi

Piedmont Playground

Playground

0.87mi

Speedway

Gas Station

0.22mi

Shell

Gas Station

0.43mi

Gulf

Gas Station

0.83mi

Friendly Nails

Nail Salon

0.66mi

Clarisse Hair Braiding

Hairdresser

0.75mi

Rob Roy Academy

Hairdresser

0.77mi

Worcester Public Library

Library

0.31mi

News Library

Library

0.47mi

Walgreens

Pharmacy

0.28mi

CVS Pharmacy

Pharmacy

0.44mi

Tony's news

Convenience

0.66mi

Worcester

Framingham-Worcester

0.33mi

Seller's Representative: James Kalogeropoulos, RE/MAX Partners
MLS ID#: 73435233

© 2026 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2025-09-28 03:06:00