$4,850,000
43
Beds
24/3
Baths
26,656
Living Area
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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).
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Highlights
- Acres: 1
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
- Area: West Side
- Parking Spots: 30
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 85
- Status: Active
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Additional Details
- Basement: Full
- Lot Features: Other
- Total Number of Units: 24
- Year Built Source: Public Records
- Foundation: Stone
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Rs-10\ Rl7
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Amenities
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $5,187,700
- Taxes: $68,892
- Tax Year: 2025
- Total Rent: $19,998
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