2 Ureco Ter Portfolio, Worcester, MA 01602
- $4,850,000
- 27
- BA
- 26,656
- SqFt
- List Price
- $4,850,000
- Status
- ACTIVE
- MLS#
- 73546562
- Bathrooms
- 27
- Living Area
- 26,656
- Lot Size (Acres)
- 1
- Year Built
- 1910
Property Description
Rare opportunity to acquire a clustered 24-unit multifamily portfolio in Worcester's highly desirable Newton Square/West Side neighborhood. Five properties — 827 Pleasant St (10 units), 2 Ureco Terrace (9 units), 7–9 Ureco Terrace (2 units), 831 Pleasant St (2 units), and 3 Ureco Terrace (1 unit) — all situated along a single private drive, delivering concentrated operational efficiency unavailable in dispersed portfolios. 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197. Average in-place rent of $1,724/month with meaningful near-term upside given the premium Newton Square location and ~$395,000 in recent capital improvements, including a full gut renovation at 9 Ureco Terrace (2025), kitchen/bath upgrade at 2 Ureco Unit 2L (2023), and boiler replacements. Offered at $4,850,000 (~$202K/unit). Comparable clustered portfolios of this scale and quality simply do not come to market in Worcester's west side.
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Additional Information
- Taxes
- $68,892
Mortgage Calculator
Listing courtesy of Listing Agent: Michael Barbera from Listing Office: BA Property & Lifestyle Advisors.
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