$9,900,000
172-176 Russell St
Worcester, MA, 01609
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
Price:
$9,900,000
MLS #:
73488551
Status:
Active
Beds:
99
Baths:
36
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Neighborhood:
wpi
Listed Date:
Mar 18, 2026
Finished Sq Ft:
9,999
Total Sq Ft:
9,999
Lot Size:
99,999 sqft / 2.30 acres (approx)
Year Built:
Units:
30
Schools
Interior
Above Grade Finished Area
9999
Bathrooms
36 Full Bathrooms
Levels
5
Exterior
Covered Spaces
4
Garage Spaces
4
Lot Features
Corner Lot
Open Parking Spaces
18
Open Parking YN
1
Parking Features
Paved Drive
Parking Spots
22
Parking Total
22
Stories
5
Financial
Tax Year
2026
Taxes
$86,074
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Worcester as of May 04, 2026
128
Multi Family Listed
98
Avg DOM
229
Avg $ / SqFt
$1,048,697
Avg List Price
Community
- Address172-176 Russell St Worcester MA
- CityWorcester
- CountyWorcester
- Zip Code01609
Subdivisions in Worcester
- Burncoat
- Community features: Public Transportation, Shopping, Pool, Medical Facility, Highway Access, House o
- Grafton/Hamilton Street Lake Park
- Hamilton of Lake Ave.
- Hammond Heights
- Lake Park
- Malden Woods
- Prime West Side- Salisbury Street Area
- Quiet Cul-de-sac off Mill Street on top of the hill with spectacular views of the city horizon.
- Rice Square
- Salisbury Street
- Tatnuck
- West Side
- West Side/Tatnuck
Similar Listings Nearby
Property Summary
- 172-176 Russell St Worcester MA is a Multi Family for sale in Worcester, MA, 01609. It is listed for $9,900,000 To schedule a showing of MLS#73488551 at 172-176 Russell St in Worcester, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Douglas Elliman Real Estate – Newbury Street. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
172-176 Russell St
Worcester, MA