Unit Information
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).
- Additional Details
- Status: NEW
- Type: Multi-Family, Multi Family
- Area: West Side
- Zip Code: 01602
- Levels: 3
- Parking
- Garage Capacity: 30
- Parking: Paved
- Parking Spaces: 30
- Rooms and Dimensions
- Total Units: 24
- Total Floors: 3
- Total Rooms: 85
- Has Basement: Yes
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$4,850,000
- Status: New
- Listing ID: 73546527
- Bedrooms: 43
- Full Baths: 24
- Half Baths: 3
- Living Area: 26,656 sqft Convert
- Lot Size: 43,560 sqft Convert
- Acres: 1
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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 | |