172-176 Russell St, Worcester, MA 01609

Worcester
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
172-176 Russell St,Worcester, MA 01609
$9,900,000
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  • 99 Beds
  • 36 Baths
  • 9,999 sq. ft.
  • Multi-family
  • Active
Listed by: brody murphy novak group
Office: douglas elliman real estate - park plaza
MLS#:73488551
Source:MLSPIN

Price summary

  • Price:$9,900,000
  • Price per sq. ft.:$990.1

About this home

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.

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Home facts

  • Year built:9999
  • Listing ID #:73488551
  • Updated:May 14, 2026 at 10:41 AM

Rooms and interior

  • Bedrooms:99
  • Total bathrooms:36
  • Full bathrooms:36
  • Rooms Total:99
  • Living area:9,999 sq. ft.

Structure and exterior

  • Year built:9999
  • Building area:9,999 sq. ft.
  • Lot area:2.3 Acres
  • Lot Features:Corner Lot
  • Foundation Description:Block, Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$9,900,000
  • Price per sq. ft.:$990.1
  • Tax amount:$86,074 (2026)

Parking

  • Total parking spaces:22
  • Parking description:Paved Drive
  • Garage:Yes
  • Garage spaces:4
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. MLS Property Information Network, Inc. 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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