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SIGNAL SCORE
About this property
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
| Units | 30 |
| Living area | 9,999 sqft |
| Lot size | 99,999 sqft |
| Year built | 9999 |
| Price / sqft | $990 |
| County | Worcester |
| MLS # | 73488551 |
Listing status
| Days on market | 19 days |
| Listed on | March 18, 2026 |
Taxes & financials
| Annual property tax | $86,074 |
| Tax year | 2026 |
| Assessed value | $999,999 |
| Zoning | NA |
| Gross income (actual) | $1,065,600/yr |
| Net operating income (actual) | $699,382/yr |
| Total actual rent | $14,400/mo |
Building & lot
| Stories | 5 |
| Total rooms | 99 |
| Lot size | 2.3 acres |
| Garage spaces | 4 |
| Parking spaces | 22 |
| Parking | Paved Drive |
| Foundation | Concrete Perimeter, Block |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
Listing courtesy of Douglas Elliman Real Estate - Park Plaza — Brody Murphy Novak Group. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 172-176 Russell St, Worcester MA 01609 have?
It is a 30-unit multi-family property with 9,999 sqft of living area, built in 9999.
How long has 172-176 Russell St, Worcester MA 01609 been on the market?
172-176 Russell St, Worcester MA 01609 has been listed for 19 days (since March 18, 2026).
What are the property taxes on 172-176 Russell St, Worcester MA 01609?
Annual property taxes are $86,074 (2026), on an assessed value of $999,999.
What is the price per square foot?
At $9,900,000 for 9,999 sqft, that's about $990 per square foot.
Is there parking?
4 garage spaces and 22 total parking spaces (paved drive).
Where is this property located?
172-176 Russell St, Worcester MA 01609 is in Worcester, Worcester County, MA 01609.
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