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.
- Parking:
- Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Septic is a tight tank system. Laundry hook-up is in basement.
- Garage Parking:
- 4
- Lead Paint:
- Unknown
- Area:
- WPI
- Market Time:
- 19
- Parking Spaces:
- 22
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $990
- Zoning:
- NA
- No Units:
- 30
- Orig Price:
- $9,900,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01609
- Longitude:
- W72° 11' 8.6''
- Latitude:
- N42° 16' 15.5''
Residential Income
172-176 Russell St, Worcester, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $9,900,000
- Bedrooms :
- 99
- Rooms :
- 99
- Total Bathrooms :
- 36
- Full Bathrooms :
- 36
- Square Footage :
- 9,999 Sqft
- Year Built :
- 9999
- Lot Area :
- 2.30 Acre
- Listing ID :
- 73488551
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
