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Ureco Terrace Portfolio 1 Multifamily Properties Offered at $4,850,000 in Worcester, MA
Executive Summary
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).
Property Facts
| Price | $4,850,000 | Number of Properties | 2 |
| Price / SF | $2,260 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,146 SF |
| Status | Active | Total Land Area | 0.12 AC |
| Price | $4,850,000 |
| Price / SF | $2,260 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,146 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 831 Pleasant St, Worcester, MA 01602 | Multifamily | 2,146 SF | 1950 | - |
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Ureco Terrace Portfolio