59 Dover Street, WPIWorcester, MA 01609MLS Number 73496378

  • Price: $3,300,000
  • Est. Mortgage of $/month
  • 39 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
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59 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 0160959 Dover Street Worcester MA 01609
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  • 36Bedrooms
  • 0.32Acreage
  • 12Bathrooms
  • 1905Year Built

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

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More Info

Basic Information

  • Gross Income $333,000
  • Mls StatusActive
  • Parcel Number 1772931

Basic Information

  • List Price$3,300,000
  • MLS Number73496378
  • Modification Date04/10/2026
  • Property SubType5-9 Family

Property

  • Acreage0.32

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Owner
  • Living Area 12,428
  • Lot Size Square Feet 13,924
  • Lot Size Units Acres
  • Square Feet12,428

Tax Information

  • Tax Assessed Value $999,999
  • Tax Year 2025
  • Taxes$26,363

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 12
  • Bedrooms36
  • Full Bath12

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Garage Spaces1
  • Levels 5
  • Rooms52
  • Stories5
  • Units9
  • Year Built1905
  • Year Built Details Actual
  • Year Built Source Owner

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces5

Location

  • Address59 Dover Street
  • Building Number59
  • CountyWorcester
  • NeighborhoodWPI
  • StateMA
  • StreetDover Street
  • SubdivisionWpi
  • TownWorcester
  • Zip01609

Other

  • Date Listed04/06/2026
  • Farm Land Area Units Square Feet
  • View Count2

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