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123 Confidential St, 
Worcester, MA 01603

$8,995,000

31

Beds

—

Bath

15,242

Sq Ft

Multi-Family

Active

Listed by

Todd Glaskin

, 

Gregg M. Leppo

Coldwell Banker Realty

617-969-2447

Last updated:

May 7, 2025, 10:32 AM

MLS#

73356290

Source:

MLSPIN

Company Logo

About This Home

123 Confidential St

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.

Home Facts

Multi-Family

31 Bedrooms

Built in 1970

Price Summary

8,995,000

$590 per Sq. Ft.

MLS #:

73356290

Last Updated:

May 7, 2025, 10:32 AM

Rooms & Interior

Bedrooms

Total Bedrooms:

31

Interior

Living Area:

15,242 Sq. Ft.

Structure

Structure

Building Area:

15,242 Sq. Ft.

Year Built:

1970

Lot

Lot Size (Sq. Ft):

30,240

Finances & Disclosures

Finances

Price:

$8,995,000

Price per Sq. Ft:

$590 per Sq. Ft.

Source:MLSPIN
The property listing data and information, or the Images, 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, 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. 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.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.