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Properties

  • 2 Ureco Ter Portfolio, Worcester, Massachusetts, ,Commercial Sale,For Sale,Ureco Ter Portfolio,73546562
  • 2 Ureco Ter Portfolio, Worcester, Massachusetts, ,Commercial Sale,For Sale,Ureco Ter Portfolio,73546562
  • 2 Ureco Ter Portfolio, Worcester, Massachusetts, ,Commercial Sale,For Sale,Ureco Ter Portfolio,73546562
  • 2 Ureco Ter Portfolio, Worcester, Massachusetts, ,Commercial Sale,For Sale,Ureco Ter Portfolio,73546562
  • 2 Ureco Ter Portfolio, Worcester, Massachusetts, ,Commercial Sale,For Sale,Ureco Ter Portfolio,73546562
  • 2 Ureco Ter Portfolio, Worcester, Massachusetts, ,Commercial Sale,For Sale,Ureco Ter Portfolio,73546562
  • 2 Ureco Ter Portfolio, Worcester, Massachusetts, ,Commercial Sale,For Sale,Ureco Ter Portfolio,73546562
Property Description

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). Comparable clustered portfolios of this scale and quality simply do not come to market in Worcester’s west side.

Features
Disclosure:
Some rooms are virtually staged to show possible furniture layout
Additional Information
Tax Year:
2025
Status:
Active
Zoning:
RS-10/ RL7
Orig Price:
$4,850,000
Waterfront:
No
MlsStatus:
Active
Address Map
City:
Worcester
State:
MA
County:
Worcester
Postal Code:
01602
Longitude:
W72° 10' 5.5''
Latitude:
N42° 16' 28.2''
  • Google Map

Commercial Sale

2 Ureco Ter Portfolio, Worcester, Massachusetts

26,656 Sqft
$4,850,000
Listing ID #73546562
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$4,850,000
Square Footage :
26,656 Sqft
Year Built :
1910
Lot Area :
1 Acre
Listing ID :
73546562
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

Contact Agent

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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