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For sale
  • $8,995,000

    123 Confidential St, Worcester, MA 01603

    31beds
    0baths
    15,242sqft
    : 
    5-9 Family
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $590/sqft
    $-- HOA

    What's special

    Dining roomOn-site laundryOne-story sprinklered building
    Rarest of rare - incredible income! Fully rented rest home with 12%++ returns in desirable Worcester market 45 minutes West of Boston. Existing 60-licensed-bed (31 room) Assisted Living Residence/Rest Home located in Central Massachusetts. This offering includes both the business and the real estate. The site consists of approximately 0.70 acres, improved by a one-story sprinklered building totaling over 15,000 square feet. The rest home is currently self-managed by the business and real estate property owner. The business can be transferred with management staff in-place. Site is highly visible with easy access to public transportation. In addition to the 60 beds spread across 31 units, the property includes on-site laundry, kitchen, dining room, and a courtyard. The business generates approximately $4,000,000 of gross income with typical net income of approximately $1,300,000. Disclaimer: Some images have been lightly edited.
    16 days
    on Zillow
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    276
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    9
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    Zillow last checked: 7 hours ago

    Listing updated: April 12, 2025 at 12:09am

    Listed by:

    Todd Glaskin,

    Coldwell Banker Realty - Newton,

    Gregg M. Leppo

    Source: MLS PIN,MLS#: 73356290
    Travel times

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 31
    • Bathrooms: 0
    Features
    • Basement: Partially Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 15,242
    • Total interior livable area: 15,242 sqft
    • Finished area above ground: 15,242

    Property

    Parking
    • Total spaces: 24
    • Parking features: Paved Drive
    • Has uncovered spaces: Yes
    Lot
    • Size: 0.69 Acres
    Details
    • Zoning: RG-5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5-9 Family
    Materials
    • Foundation: Other
    Condition
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Worcester

    Financial & listing details

    • Price per square foot: $590/sqft
    • Annual tax amount: $34,212
    • Date on market: 4/14/2025
    • Total actual rent: 32000
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