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3 Ureco Ter Portfolio Ter

West Side, Worcester, MA 01602
$4,850,000
43 Beds
24/3 Baths
26,656 Living Area
  • 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).
  • 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
  • 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
  • Amenities
    • Parking Features: Paved Drive
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $5,187,700
    • Taxes: $68,892
    • Tax Year: 2025
    • Total Rent: $19,998

Location

3 Ureco Ter Portfolio Ter, Worcester, MA 01602

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