59 Dover St, Worcester, MA 01609

Worcester
Local realty services provided by:Metropolitan Homes
59 Dover St,Worcester, MA 01609
$3,300,000
  • 36 Beds
  • 12 Baths
  • 12,428 sq. ft.
  • Multi-family
  • Active
Listed by: brody murphy novak group
Office: douglas elliman real estate - park plaza
MLS#:73496378
Source:MLSPIN

Price summary

  • Price:$3,300,000
  • Price per sq. ft.:$265.53

About this home

3-building, 9-unit multifamily bundle in Worcester's WPI District. 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), 176 Russell St (4BR/4BR/4BR, 3,972 SF). Combined 11,688 SF, built 1905-1915. Stabilized gross income $333,000/yr with $12,600 in scheduled increases. All units leased at market rent with near-zero vacancy driven by WPI student demand — 5,800+ students, only first-years guaranteed housing. 172 & 176 Russell are adjacent, offering management efficiencies. 172 Russell is the highest-income property at $136,800/yr. Most units extensively renovated with updated kitchens and modern finishes. Part of a larger 10-building, 30-unit WPI District Portfolio — remaining buildings also available individually or in additional bundles. Worcester County multifamily volume hit $710M in 2025 (3x 2024). Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. See MLS# 7348855

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Home facts

  • Year built:1905
  • Listing ID #:73496378
  • Updated:April 06, 2026 at 06:02 PM

Rooms and interior

  • Bedrooms:36
  • Total bathrooms:12
  • Full bathrooms:12
  • Rooms Total:52
  • Living area:12,428 sq. ft.

Structure and exterior

  • Year built:1905
  • Building area:12,428 sq. ft.
  • Lot area:0.32 Acres
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,300,000
  • Price per sq. ft.:$265.53
  • Tax amount:$26,363 (2025)

Parking

  • Total parking spaces:5
  • Parking description:Off Street, Paved Drive
  • Garage:Yes
  • Garage spaces:1
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