June 9, 2025 – Ethan Lazar of Horvath & Tremblay has successfully completed the sale of a 6-unit mixed-use property in Worcester, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,100,000.
79-93 Millbury Street is comprised of two (2) three-story mixed-use buildings in Worcester, Massachusetts. The Property consists of six (6) units comprised of two (2) commercial units (Oscar’s Coin-Op Laundromat and a Juice store) and four (4), 2-Bedroom/1-Bathroom residential units with 8,587 square feet of living area in 11,173 square feet of gross area on a 0.22-acre parcel. The Property includes on-site parking for ten (10) vehicles. The Property included the sale of Oscar’s Coin-Op Laundromat, a staple within the community having operated at this location for more than 30 years, and its equipment. The other commercial unit is currently vacant and is equipped with a fully operational commercial kitchen. The building has been well-maintained and features newer flat roofs (1 and 3 years old), newer heating and AC units for the commercial spaces (+/- 5-years old), new gas meters with digital monitors, and three of the four residential units have been recently renovated. The Property is separately metered for heat, hot water, and electricity, which the tenants pay directly, and the landlord is responsible for domestic water and sewer. The Property is well-located minutes from downtown with excellent access to all the amenities the city has to offer. Worcester features a walkable downtown with a plethora of employment and entertainment opportunities. High profile attractions include the DCU Center and Palladium venues, and UMass Memorial Medical Center is the largest employer in the city. There are eight colleges and universities in Worcester, which brings a large student population (more than 36,000) to the rental market.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.