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172-176 Russell Street, WPIWorcester, MA 01609Price: $9,900,000

  • Price: $9,900,000
  • Est. Mortgage of $/month
  • 58 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.37% last updated on May 7, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $9,900,000List Price
  • 99Bedrooms
  • 36Bathrooms
  • 2.3Acreage
  • 9,999Square Feet

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Listed by Brody Murphy Novak Group of Douglas Elliman Real Estate - Park Plaza
Rare 10-building, 30-unit multifamily portfolio on Worcester's 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 Worcester's most stable and sought-after rental submarket with strong rent growth and consistent off-campus housing demand. Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. Full Offering Memorandum attached to MLS.

Property Details of 172-176 Russell Street, WPI

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