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59 Dover St

WPI - Worcester, MA ID #73496378

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59 Dover St

WPI - Worcester, MA ID #73496378

Property Description

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

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5-9 Family
  • Area: WPI
  • Zip Code: 01609
  • Taxes: 26,363
  • Levels: 5
  • Acres: 0.32

Parking

  • Garage: 1
  • Garage Capacity: 5
  • Parking: Paved Drive, Off Street
  • Parking Spaces: 5

Rooms/Dimensions

  • Total Units: 9
  • Total Floors: 5
  • Total Rooms: 52

Location

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59 Dover St, Worcester, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Brody Murphy Novak Group of Douglas Elliman Real Estate - Park Plaza. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.