Worcester, Massachusetts, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : 12,428 ft² / 1,155 m²
Land Size : N/A
Bedroom : 36
Bathroom : 12
Half Bathroom : 0
MLS#: 73496378
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
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, United States,Massachusetts,Worcester is a 12,428ft² Worcester luxury Multi-Family Home listed for sale 3,300,000 USD. This high end Worcester Multi-Family Home is comprised of 36 bedrooms and 12 baths. Find more luxury properties in Worcester or search for luxury properties for sale in Worcester.