SQUARE FEET26,656
MLS#73546562
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
Rare opportunity to acquire a clustered 24-unit multifamily portfolio in Worcester's highly desirable Newton Square/West Side neighborhood. Five properties ?? 827 Pleasant St (10 units), 2 Ureco Terrace (9 units), 7??9 Ureco Terrace (2 units), 831 Pleasant St (2 units), and 3 Ureco Terrace (1 unit) ?? all situated along a single private drive, delivering concentrated operational efficiency unavailable in dispersed portfolios. 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197. Average in-place rent of $1,724/month with meaningful near-term upside given the premium Newton Square location and ~$395,000 in recent capital improvements, including a full gut renovation at 9 Ureco Terrace (2025), kitchen/bath upgrade at 2 Ureco Unit 2L (2023), and boiler replacements. Offered at $4,850,000 (~$202K/unit). Comparable clustered portfolios of this scale and quality simply do not come to market in Worcester's west side.
Property Features
Property Type: Commercial - Investment
Lot Size: 1.00 Acres
Taxes: $68,892
Year Built: 1910
Feature Descriptions
Building Area Total: 26656
Business Type: 5+ Residential
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: 15
Parcel Number: M:11 B:018 L:00019
Rental Term: Monthly
Utilities: Public Water, Public Sewer
Listed By / Shown By
Listed By
Agency Name: BA Property & Lifestyle Advisors
Agent Name: Michael Barbera
Agency Phone: 508-852-4227
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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2 Ureco Ter Portfolio | MLS# 73546562
This commercial property located at 2 Ureco Ter Portfolio, Worcester, MA 01602 is currently listed for sale with an asking price of $4,850,000. Search Worcester real estate on www.masiellogrouprealestate.com today.