59 Dover St, Worcester, (WPI), MA, 01609
52 rooms
36 beds
12 Full baths
1905
12,428 sqft
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
Status:
Active
Town:
Worcester
Type:
Multi-family
Units:
9
Zoning:
RL-7
Garage:
1-car
Levels:
5
Parking:
5-car, Paved Drive, Off Street
Acreage:
0.32
Est. Taxes:
$26,363
Assessment
$999,999
MLS #:
73496378
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Brody Murphy Novak Group, Douglas Elliman Real Estate - Park Plaza 617-267-3500