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
- Parking:
- Off Street, Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- first floor kitchen renovated in 2015. Boilers replaced in 2010.
- Garage Parking:
- Yes
- Lead Paint:
- Unknown
- Area:
- WPI
- Parking Spaces:
- 5
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $266
- Zoning:
- RL-7
- No Units:
- 9
- Orig Price:
- $3,300,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01609
- Longitude:
- W72° 11' 11.1''
- Latitude:
- N42° 16' 21.3''
Residential Income
59 Dover St, Worcester, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,300,000
- Bedrooms :
- 36
- Rooms :
- 52
- Total Bathrooms :
- 12
- Full Bathrooms :
- 12
- Square Footage :
- 12,428 Sqft
- Year Built :
- 1905
- Lot Area :
- 0.32 Acre
- Listing ID :
- 73496378
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
