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Listing Details
- $9,900,000
- MLS# 73488551
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Douglas Elliman Real Estate - Park Plaza
Agent Name: Brody Murphy Novak Group
Agency Phone: 617-267-3500
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
Home Value Estimate
Description
Rare 10-building, 30-unit multifamily portfolio on Worcesters 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 Worcesters most stable and sought-after rental submarket with strong rent growth and consistent...read more
Features
- 5.0 Stories
- $86,074 Taxes
- Public
- Built in 9999
Gallery
Listed By
Agency Name: Douglas Elliman Real Estate - Park Plaza
Agent Name: Brody Murphy Novak Group
Agency Phone: 617-267-3500
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
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