172-176 Russell Street, WPIWorcester, MA 01609MLS Number 73488551

  • Price: $9,900,000
  • Est. Mortgage of $/month
  • 58 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609172-176 Russell Street Worcester MA 01609
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  • 99Bedrooms
  • 2.3Acreage
  • 36Bathrooms
  • 9999Year Built

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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.
Listed by Brody Murphy Novak Group of Douglas Elliman Real Estate - Park Plaza

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More Info

Basic Information

  • Gross Income $1,065,600
  • Lot Features Corner Lot
  • Mls StatusActive

Basic Information

  • List Price$9,900,000
  • MLS Number73488551
  • Modification Date04/06/2026
  • Property SubType5+ Family - 5+ Units Up/Down
  • Virtual TourView Tour

Property

  • Acreage2.3

Utilities

  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed03/18/2026
  • Farm Land Area Units Square Feet
  • View Count3

Tax Information

  • Tax Assessed Value $999,999
  • Tax Year 2026
  • Taxes$86,074

Rooms

  • Bathroom36
  • Bathrooms Total Decimal 36
  • Bedrooms99
  • Full Bath36

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter, Block
  • Garage Spaces4
  • Levels 5
  • Rooms99
  • Stories5
  • Units30
  • Year Built9999
  • Year Built Details Approximate
  • Year Built Source Owner

Parking

  • Covered Spaces 4
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces22

Location

  • Address172-176 Russell Street
  • Building Number172-176
  • CountyWorcester
  • NeighborhoodWPI
  • StateMA
  • StreetRussell Street
  • SubdivisionWpi
  • TownWorcester
  • Zip01609

Property Information

  • Building Area Source Owner
  • Living Area 9,999
  • Lot Size Square Feet 99,999
  • Lot Size Units Acres
  • Square Feet9,999

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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