172-176 Russell St, Worcester, MA 01609

Worcester
Local realty services provided by:ERA The Castelo Group
172-176 Russell St,Worcester, MA 01609
$9,900,000
  • 99 Beds
  • 36 Baths
  • 9,999 sq. ft.
  • Multi-family
  • Active
Listed by: brody murphy novak group
Office: douglas elliman real estate - park plaza
MLS#:73488551
Source:MLSPIN

Price summary

  • Price:$9,900,000
  • Price per sq. ft.:$990.1

About this home

Rare 10-building, 30-unit multifamily portfolio in Worcester's desirable West Side, steps from WPI. Offered at $9,900,000 (7.1% cap, $330K/unit). Stabilized 2026-2027 gross income of $1,065,600 with NOI of $699,282. Unit mix includes 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have undergone extensive renovations and are in good condition. Student-driven tenant base provides consistent, scheduled annual turnover aligned with the academic calendar, keeping vacancy near zero. Located on Worcester's West Side — the city's most stable and desirable rental submarket — commanding higher rents than other areas. WPI (5820+ students, US News #82) drives reliable off-campus housing demand. Worcester County multifamily transaction volume hit $710M in 2025 with cap rates compressing to 7.2%. Portfolio available as a single transaction. Full Offering Memorandum attached to MLS

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Home facts

  • Year built:9999
  • Listing ID #:73488551
  • Updated:March 19, 2026 at 12:01 AM

Rooms and interior

  • Bedrooms:99
  • Total bathrooms:36
  • Full bathrooms:36
  • Rooms Total:99
  • Living area:9,999 sq. ft.

Structure and exterior

  • Year built:9999
  • Building area:9,999 sq. ft.
  • Lot area:2.3 Acres
  • Lot Features:Corner Lot
  • Foundation Description:Block, Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$9,900,000
  • Price per sq. ft.:$990.1
  • Tax amount:$86,074 (2026)

Parking

  • Total parking spaces:22
  • Parking description:Paved Drive
  • Garage:Yes
  • Garage spaces:4
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