59 Dover St, Worcester, MA 01609

Worcester
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
59 Dover St,Worcester, MA 01609
$3,300,000
  • 36 Beds
  • 12 Baths
  • 12,428 sq. ft.
  • Multi-family
  • Active
Listed by: brody murphy novak group
Office: douglas elliman real estate - park plaza
MLS#:73496378
Source:MLSPIN

Price summary

  • Price:$3,300,000
  • Price per sq. ft.:$265.53

About this home

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

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Home facts

  • Year built:1905
  • Listing ID #:73496378
  • Updated:May 22, 2026 at 10:40 AM

Rooms and interior

  • Bedrooms:36
  • Total bathrooms:12
  • Full bathrooms:12
  • Rooms Total:52
  • Living area:12,428 sq. ft.

Structure and exterior

  • Year built:1905
  • Building area:12,428 sq. ft.
  • Lot area:0.32 Acres
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,300,000
  • Price per sq. ft.:$265.53
  • Tax amount:$26,363 (2025)

Parking

  • Total parking spaces:5
  • Parking description:Off Street, Paved Drive
  • Garage:Yes
  • Garage spaces:1
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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