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WPI Porfolio 10 Multifamily Properties Offered at $9,900,000 in Worcester, MA
Investment Highlights
- 10 buildings, 30 units (most extensively renovated), 4 with garage parking
- WPI Student Housing Demand
- Built-In Rent Growth
- Extensively Updated & Stabilized
- Predictable Turnover Schedule
Executive Summary
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. Please contact us for more information.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $9,900,000 | Status | Active |
| Price / SF | $257.81 / SF | Number of Properties | 10 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.06% | Total Building Size | 38,400 SF |
| Sale Type | Investment | Total Land Area | 1.37 AC |
| Price | $9,900,000 |
| Price / SF | $257.81 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 38,400 SF |
| Total Land Area | 1.37 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 172 Russell St, Worcester, MA 01609 | Multifamily | 4,712 SF | 1915 | - |
| 34 Wachusett St, Worcester, MA 01609 | Multifamily | 4,413 SF | 1870 | - |
| 26 Lee St, Worcester, MA 01602 | Multifamily | 4,074 SF | 1893 | - |
| 188 Park Ave, Worcester, MA 01602 | Multifamily | 4,005 SF | 1920 | - |
| 176 Russell St, Worcester, MA 01609 | Multifamily | 3,972 SF | 1905 | - |
| 167 Highland St, Worcester, MA 01609 | Multifamily | 3,800 SF | 1900 | - |
| 36 Westland St, Worcester, MA 01602 | Multifamily | 3,636 SF | 1890 | - |
| 31 Lee St, Worcester, MA 01602 | Multifamily | 3,444 SF | 1901 | - |
| 2 Haviland St, Worcester, MA 01602 | Multifamily | 3,340 SF | 1890 | - |
| 59 Dover St, Worcester, MA 01609 | Multifamily | 3,004 SF | 1905 | - |
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