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).
- Basement:
- Full
- Parking:
- Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Radon mitigation system installed in 2026.
- Garage Parking
- Lead Paint:
- Unknown
- Area:
- West Side
- Market Time:
- 4
- Parking Spaces:
- 30
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $182
- Zoning:
- RS-10 RL7
- No Units:
- 24
- Orig Price:
- $4,850,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01602
- Longitude:
- W72° 10' 4.4''
- Latitude:
- N42° 16' 29.3''
Residential Income
3 Ureco Ter Portfolio, Worcester, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $4,850,000
- Bedrooms :
- 43
- Rooms :
- 85
- Total Bathrooms :
- 25.5
- Full Bathrooms :
- 24
- Half Bathrooms :
- 3
- Square Footage :
- 26,656 Sqft
- Year Built :
- 1910
- Lot Area :
- 1 Acre
- Listing ID :
- 73546527
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
