Unit Information
Rare 10-building, 30-unit multifamily portfolio in Worcester's desirable West Side, steps from WPI. Offered at $9,900,000 (7.1% cap, $330K/unit). Stabilized 2026-2027 gross income of $1,065,600 with NOI of $699,282. Unit mix includes 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have undergone extensive renovations and are in good condition. Student-driven tenant base provides consistent, scheduled annual turnover aligned with the academic calendar, keeping vacancy near zero. Located on Worcester's West Side — the city's most stable and desirable rental submarket — commanding higher rents than other areas. WPI (5820+ students, US News #82) drives reliable off-campus housing demand. Worcester County multifamily transaction volume hit $710M in 2025 with cap rates compressing to 7.2%. Portfolio available as a single transaction. Full Offering Memorandum attached to MLS
- Additional Details
- Status: NEW
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Area: WPI
- Zip Code: 01609
- Levels: 5
- Parking
- Garage: 4
- Garage Capacity: 22
- Parking: Paved Drive
- Parking Spaces: 22
- Rooms and Dimensions
- Total Units: 30
- Total Floors: 5
- Total Rooms: 99
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$9,900,000
- Status: New
- Listing ID: 73488551
- Bedrooms: 99
- Full Baths: 36
- Living Area: 9,999 sqft Convert
- Lot Size: 99,999 sqft Convert
- Acres: 2.3
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |