Group Showing — Saturday, May 23rd at 10:00 AMRegister Interest
Northbound Realty Co.
131–133 Elm Street exterior
Investment Opportunity · Millbury, MA

131 & 133 Elm Street

Millbury, Massachusetts 01527

Offered As a Package
$1,050,000
131 Elm Street
Mixed-Use Building
5 Units · 4,849 SF · 0.69 Acres
2 Commercial · 3 Residential
133 Elm Street
Developable Lot
0.49 Acres · R-1 Zoning
Residential Build-Out Potential
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By The Numbers

Investment at a Glance

$0
Gross Annual Income*
0.00%
Gross Yield
0 SF
Commercial SF*
0 SF
Residential SF*

* Includes pro forma rents for Units 1 & 5, which are delivered vacant.

* Square footage figures are approximate. Buyer to conduct independent verification.

Total Units
5 Units (2 Commercial + 3 Residential)
Zoning
R-1 · 0.49 Acre Buildable Lot Included
Property Overview

A Staple in Millbury

Rarely does an opportunity like this come to market. Offered together as two parcels, 131 and 133 Elm Street represent a truly remarkable investment in the heart of one of Central Massachusetts' most connected and beloved communities. 131 Elm Street is a stunning five-unit mixed-use building that has stood as a prominent landmark since 1860 — architecturally significant, prominently positioned, and impossible to overlook.

131 Elm Street is a stunning five-unit mixed-use building that has stood as a prominent landmark on Elm Street since 1860. This beautifully maintained Federalist structure commands attention — architecturally significant, prominently positioned, and impossible to overlook. Sitting directly across from the brand new Millbury Fire Station with immediate access to Route 146 and minutes from the city of Worcester and the I-90 corridor, the visibility and accessibility here are second to none.

The five units consist of two commercial suites and three residential units that are anything but standard. Spacious, bright, and beautifully updated, these residences feel more like townhomes than apartments — thoughtfully finished and truly move-in ready. The property is further complemented by a stunning backyard with a patio, professionally landscaped grounds, and a large attached barn offering exciting potential for build-out or additional use.

133 Elm Street is an adjoining 0.49 acre parcel of residentially developable land — a rare find in this location and a significant value add for the investor looking to maximize the full potential of this assemblage. Millbury is a thriving, tight-knit community with a small town feel and big accessibility — and 131 Elm Street has been part of its fabric for over 160 years. Opportunities like this do not come around often.

131 Elm Street exterior — Millbury, MA
131 Elm
Mixed-Use · Est. 1860
133 Elm
0.49 Acre Buildable Lot
Unit Mix

Rent Roll & Unit Breakdown

2 Commercial Units — Fantastic downtown location with high visibility. Ideal for professional office or service tenants.

3 Residential Units — Spacious and updated townhome-style residences with in-unit laundry.

UnitTypeBed/BathMonthly RentStatus
1Commercial OfficeN/A$1,000 / mo*Vacant
2Commercial SuiteN/A$450 / moTAW
3Residential 2BR / 1.5BA2BD / 1.5BA$1,850 / moTAW
4Residential 2BR / 2BA2BD / 2BA$2,000 / moTAW
5Residential 3BR Loft3BD / 1BA$2,200 / mo*Vacant
Current Monthly Income
$7,500 / mo*
* Pro forma incl. vacant units
Annual Gross Income*
$90,000*
At full occupancy (pro forma)
Gross Rent Multiplier
11.67x
Based on asking price

* Pro forma figures. Units 1 & 5 are delivered vacant — rents reflect market rate estimates.

Preferred Lending Partner
Simon Summers-Hodge
Prestige Home Mortgage · NMLS #948428
Millbury Massachusetts area
Location & Market

Millbury, MA — A Market on the Rise

Positioned along Route 20 in Millbury, this property benefits from strong commuter traffic and proximity to Worcester — New England's second-largest city and a rapidly growing economic hub. Millbury's central location makes it a natural choice for both commercial tenants and residential renters.

Distance to Worcester
~5 miles
Route 20 Frontage
High-visibility corridor
I-90 / Mass Pike Access
~3 miles
Worcester Regional Airport
~8 miles
Commuter Rail (Worcester)
~6 miles
Millbury Town Center
Walking distance
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Take the Next Step

Ready to Evaluate This Investment?

Request Property Packet and seller's disclosure. Schedule a private showing.

Sheila Brady-Savard
Sheila Brady-Savard
Broker / Co-Owner · Northbound Realty Co.
MA License #9578227

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Northbound Realty Co.

MA License #423940 — Northbound Realty Co. is a boutique brokerage based out of Central MA specializing in residential and commercial real estate.

Property

Information deemed reliable but not guaranteed. All figures are estimates for informational purposes only. Buyers and their representatives are encouraged to independently verify all information. Northbound Realty Co. assumes no liability for errors or omissions.

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