BEDS36
BATHS12 full
SQUARE FEET12,428
MLS#73496378
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
3-building, 9-unit multifamily bundle in Worcester's WPI District. 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), 176 Russell St (4BR/4BR/4BR, 3,972 SF). Combined 11,688 SF, built 1905-1915. Stabilized gross income $333,000/yr with $12,600 in scheduled increases. All units leased at market rent with near-zero vacancy driven by WPI student demand ?? 5,800+ students, only first-years guaranteed housing. 172 & 176 Russell are adjacent, offering management efficiencies. 172 Russell is the highest-income property at $136,800/yr. Most units extensively renovated with updated kitchens and modern finishes. Part of a larger 10-building, 30-unit WPI District Portfolio ?? remaining buildings also available individually or in additional bundles. Worcester County multifamily volume hit $710M in 2025 (3x 2024). Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. See MLS# 7348855
Property Features
Property Type: Multi Unit - Multiple
Garage: 1
Lot Size: 0.32 Acres
Stories: 5.0
Taxes: $26,363
Year Built: 1905
Feature Descriptions
Building Area Total: 12428
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: 13
Dwelling Type: 5-9 Family
GarageY/N: Yes
Open Parking Y/N: Yes
Parcel Number: 1772931
Parking Features: Paved Drive, Off Street
Parking Total: 5
Rooms Total: 52
Sewer: Public Sewer
Units: 9
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
$ 10,503.79 per month $7,344.37 Principal & Interest $2,196.92 Property Tax $962.50 Homeowner's Insurance
59 Dover St | MLS# 73496378
This multi-family property located at 59 Dover St, Worcester, MA 01609 is currently listed for sale with an asking price of $3,300,000. Search Worcester real estate on www.masiellogrouprealestate.com today.