$4,850,000 ($181.95 per sqft)

Est. Mortgage $23,263/mo *

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3 Ureco Ter Portfolio, Worcester, (West Side), MA, 01602

3 Ureco Ter Portfolio, Worcester, (West Side), MA, 01602
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85 rooms

43 beds

24 Full / 3 Half baths

1910

26,656 sqft

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).

Status:

Active

Town:

Worcester

Type:

Multi-family

Units:

24

Zoning:

RS-10\ RL7

Basement:

Full

Levels:

3

Parking:

30-car, Paved Drive

Acreage:

1

Est. Taxes:

$68,892

Assessment

$5,187,700

Lot Description:

Other

MLS #:

73546527

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Michael Barbera, BA Property & Lifestyle Advisors