Unit Information
3-building, 9-unit multifamily bundle in Worcester's WPI District. 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), 176 Russell St (4BR/4BR/4BR, 3,972 SF). Combined 11,688 SF, built 1905-1915. Stabilized gross income $333,000/yr with $12,600 in scheduled increases. All units leased at market rent with near-zero vacancy driven by WPI student demand — 5,800+ students, only first-years guaranteed housing. 172 & 176 Russell are adjacent, offering management efficiencies. 172 Russell is the highest-income property at $136,800/yr. Most units extensively renovated with updated kitchens and modern finishes. Part of a larger 10-building, 30-unit WPI District Portfolio — remaining buildings also available individually or in additional bundles. Worcester County multifamily volume hit $710M in 2025 (3x 2024). Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. See MLS# 7348855
- Additional Details
- Status: NEW
- Type: Multi-Family, 5-9 Family
- Area: WPI
- Zip Code: 01609
- Levels: 5
- Parking
- Garage: 1
- Garage Capacity: 5
- Parking: Paved Drive, Off Street
- Parking Spaces: 5
- Rooms and Dimensions
- Total Units: 9
- Total Floors: 5
- Total Rooms: 52
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$3,300,000
- Status: New
- Listing ID: 73496378
- Bedrooms: 36
- Full Baths: 12
- Living Area: 12,428 sqft Convert
- Lot Size: 13,924 sqft Convert
- Acres: 0.32
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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 | |