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$ 4,850,000
Est. payment /mo
New
3 Ureco Ter Portfolio Worcester, MA 01602
43 Beds
25.5 Baths
26,656 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 26,656 sqft
Price per Sqft $181
MLS Listing ID 73546527
Bedrooms 43
Full Baths 24
Half Baths 3
Year Built 1910
Annual Tax Amount $68,892
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type 5+ Family - 5+ Units Up/Down
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).
Location
State MA
County Worcester
Area West Side
Zoning RS-10\ RL7
Direction Pleasant St, across from Chamberlin Pkwy
Rooms
Basement Full
Exterior
Total Parking Spaces 30
Garage No
Building
Lot Description Other
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by BA Property & Lifestyle Advisors
Nearby Locations
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Colleen Foulsham
Broker