$9,900,000 ($990.10 per sqft)

Est. Mortgage $48,123/mo *

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172-176 Russell St, Worcester, (WPI), MA, 01609

172-176 Russell St, Worcester, (WPI), MA, 01609
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99 rooms

99 beds

36 Full baths

9,999 sqft

Rare 10-building, 30-unit multifamily portfolio on Worcester’s 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 Worcester’s 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.

Status:

Active

Town:

Worcester

Type:

Multi-family

Units:

30

Zoning:

NA

Garage:

4-car

Levels:

5

Parking:

22-car, Paved Drive

Acreage:

2.3

Est. Taxes:

$86,074

Assessment

$999,999

Lot Description:

Corner Lot

MLS #:

73488551

Community Info

School Info

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Listing courtesy of Brody Murphy Novak Group, Douglas Elliman Real Estate - Park Plaza 617-267-3500