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$4,200,000
Est. payment /mo
44 Beds
15 Baths
15,834 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,834 sqft
Price per Sqft $265
MLS Listing ID 73499072
Bedrooms 44
Full Baths 15
Year Built 1900
Annual Tax Amount $32,837
Tax Year 2025
Lot Size 0.680 Acres
Acres 0.68
Property Sub-Type 5-9 Family
Property Description
Four-building, 12-unit multifamily portfolio in Worcester's desirable WPI district, offering 44 bedrooms across 15,354 SF and $423,600 in annual gross income. All properties are within walking distance of each other on quiet residential streets near Worcester Polytechnic Institute, supporting strong, consistent student-driven rental demand. Portfolio includes: 188 Park Ave, a 3-unit, 14-bed property with renovated units, modern finishes, and $130,800/year income plus $30,000+ in scheduled rent increases; 26 Lee St, a 3-unit, 12-bed 1893 three-story with detached garage and $114,000/year income; 31 Lee St, a 3-unit, 10-bed Victorian directly across from 26 Lee generating $91,200/year; and 36 Westland St, a 3-unit, 8-bed shingle-style home with detached garage and $87,600/year income. Entire portfolio also available as MLS #73488551 and may be sold in various building combinations.
Location
State MA
County Worcester
Area Wpi
Zoning RL-7
Direction Institute Rd to Lee St
Exterior
Garage Spaces 4.0
Total Parking Spaces 20
Garage Yes
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter, Block, Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Douglas Elliman Real Estate - Park Plaza
NEARBY SCHOOL & BUSINESS
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