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Sold on 11/08/2024

7 Lyon St, Worcester, MA 01604

$738,000

Last sold 11/08/2024 for $750K

  • 9

    bed

  • 3

    bath

  • 3,260

    Sqft ($230/Sqft)

Multi-family not for sale
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About 7 Lyon St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 4,595 Sqft
Movoto estimate
Property 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 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!
Listed by
Listing Agent - Benjamin Kovacs
Listing Office - Young Realty Group, LLC
Source: MLS Property Information Network, Inc. mls logo
MLS#73286416 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 6
MLS # 73286416
Type Residential Income
Status Closed
SubType 3 Family
SqFt 3260
Lot Size (SqFt) 4595
Lot Size (Acres) 0.11
Annual Property Tax 7314
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 9
Basement Unfinished
Total # of Rooms 15
Flooring Vinyl, Hardwood
Appliances Washer, Dryer
Exterior
Foundation Stone, Brick/Mortar
Roof Rubber
Construction Frame
Parking Desc Off Street, Tandem
# Parking Spaces 2
Patio/ Porch Enclosed
Fencing Fenced
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range
Electricity 100 Amp Service
Water Source Public
Location
County Worcester
Community Features Public Transportation, Park, Laundromat, Highway Access
Elementary School City View
Middle School Worcester East
High School Worcester Tech
Zoning BG-2
APN M:16 B:034 L:00035, 1778658
Directions Shrewsbury Street To Lyon Street
Multifamily Details
Net Operating Income 78000
Total Actual Rent 6500
Gross Income 78000
Lot/ Land Details
Road Frontage Public
Road Surface Paved
$738K
Range: $642K-$833K
Last 30 days 
  • Dec 2024
    mls logo MLS # 73286416
  • Dec 13, 2024 Sold
    $750,000 (-3.2%)
  • Sep 6, 2024 Listed
    $775,000 (+30.3%)
  • Jul 2022
    mls logo MLS # 72981604
  • Jul 6, 2022 Sold
    $595,000
  • May 19, 2022 Active
    —
  • May 13, 2022 Listed
    $595,000
  • Year Property taxes Tax assessment
  • 2025
    $7,956 +8.8%
    $603,200 +13.4%
  • 2024
    $7,314 +21.8%
    $531,900 +27.01%
  • 2023
    $6,006 +14.9%
    $418,800 +21.85%
  • 2022
    $5,228 +9.6%
    $343,700 +17.3%
  • 2021
    $4,770 +8.2%
    $293,000 +13.0%
  • 2020
    $4,408 +0.3%
    $259,300 +6.14%
  • 2019
    $4,397 +2.4%
    $244,300 +7.62%
  • 2018
    $4,293 +6.8%
    $227,000 +8.51%
  • 2017
    $4,021 +26.4%
    $209,200 +35.49%
  • 2016
    $3,182 +2.7%
    $154,400
  • 2015
    $3,099
    —
  • 7 Lyon St
    $750K
  • Shrewsbury Street
    $372K -17% y/y
  • 01604
    $459K +15% y/y
  • Worcester
    $429K -4% y/y
No chart available
Statistics calculated by Movoto

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3/10
City View Discovery School
public Grades PK, K-6
Worcester School District
5/10
Jacob Hiatt Magnet School
public Grades PK, K-6
Worcester School District
3/10
Worcester East Middle School
public Grades 7-8
Worcester School District
4/10
University Pk Campus School
public Grades 7-12
Worcester School District
1/10
North High School
public Grades 9-12
Worcester School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Shrewsbury Street

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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 in 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.
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