BEDS99
BATHS36 full
SQUARE FEET9,999
MLS#73488551
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare 10-building, 30-unit multifamily portfolio on Worcesters desirable West Side, steps from WPI. Offered at $9,900,000 ($330K/unit, 7.1% cap). Stabilized projected 2026-2027 gross income of $1,065,600 with NOI of $699,282. Portfolio features a mix of 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have been extensively renovated and are in good condition. Student-driven tenant base provides reliable demand, scheduled annual turnover aligned with the academic calendar, and historically near-zero vacancy. Located in Worcesters most stable and sought-after rental submarket with strong rent growth and consistent off-campus housing demand. Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. Full Offering Memorandum attached to MLS.
Property Features
Property Type: Multi Unit - Multiple
Garage: 4
Lot Size: 2.30 Acres
Stories: 5.0
Taxes: $86,074
Year Built: 9999
Feature Descriptions
Building Area Total: 9999
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 33
Dwelling Type: 5+ Family - 5+ Units Up/Down
GarageY/N: Yes
Lot Features: Corner Lot
Open Parking Y/N: Yes
Parking Features: Paved Drive
Parking Total: 22
Rooms Total: 99
Sewer: Public Sewer
Units: 30
Water: Public
Listed By / Shown By
Listed By
Agency Name: Douglas Elliman Real Estate - Park Plaza
Agency Phone: 617-267-3500
Agent Name: Brody Murphy Novak Group
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 32,093.44 per month $22,033.11 Principal & Interest $7,172.83 Property Tax $2,887.50 Homeowner's Insurance
172-176 Russell St | MLS# 73488551
This multi-family property located at 172-176 Russell St, Worcester, MA 01609 is currently listed for sale with an asking price of $9,900,000. Search Worcester real estate on www.masiellogrouprealestate.com today.