Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

3 Ureco Ter Portfolio TER

West Side - Worcester, MA ID #73546527

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3 Ureco Ter Portfolio TER

West Side - Worcester, MA ID #73546527

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).

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Area: West Side
  • Zip Code: 01602
  • Taxes: 68,892
  • Levels: 3
  • Acres: 1.00

Parking

  • Garage Capacity: 30
  • Parking: Paved
  • Parking Spaces: 30

Rooms/Dimensions

  • Total Units: 24
  • Total Floors: 3
  • Total Rooms: 85
  • Has Basement: Yes

Location

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3 Ureco Ter Portfolio TER, Worcester, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Michael Barbera of BA Property & Lifestyle Advisors. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.