BEDS43
BATHS24 full 3 partial
SQUARE FEET26,656
MLS#73546527
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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).
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Lot Size: 1.00 Acres
Stories: 3.0
Taxes: $68,892
Year Built: 1910
Feature Descriptions
Building Area Total: 26656
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
Dwelling Type: 5+ Family - 5+ Units Up/Down
Lot Features: Other
Open Parking Y/N: Yes
Parcel Number: M:11 B:018 L:00019
Parking Features: Paved Drive
Parking Total: 30
Rooms Total: 85
Sewer: Public Sewer
Units: 24
Water: Public
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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Estimated Payment
$ 17,949.58 per month $10,794.00 Principal & Interest $5,741.00 Property Tax $1,414.58 Homeowner's Insurance
3 Ureco Ter Portfolio | MLS# 73546527
This multi-family property located at 3 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.