172-176 Russell St
$9,900,000
99
Beds
36
Baths
9,999
Sqft
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$9,900,000
99
Beds
36
Baths
9,999
Living Area
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Property Description
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.
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Highlights
- Acres: 2
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 9999
- Area: Wpi
- Parking Spots: 22
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 99
- Status: Active
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Additional Details
- Foundation: Concrete Perimeter, Block
- SqFt Source: Owner
- Year Built Details: Approximate
- Zoning: Na
- Lot Features: Corner Lot
- Total Number of Units: 30
- Year Built Source: Owner
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Amenities
- Covered Parking Spaces: 4
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $999,999
- Taxes: $86,074
- Tax Year: 2026
- Total Rent: $14,400
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Douglas Elliman Real Estate - Park Plaza.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.