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

172-176 Russell St

WPI - Worcester, MA ID #73488551

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172-176 Russell St

WPI - Worcester, MA ID #73488551

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5+ Family - 5+ Units Up/Down
  • Area: WPI
  • Zip Code: 01609
  • Taxes: 86,074
  • Levels: 5
  • Acres: 2.30

Parking

  • Garage: 4
  • Garage Capacity: 22
  • Parking: Paved Drive
  • Parking Spaces: 22

Rooms/Dimensions

  • Total Units: 30
  • Total Floors: 5
  • Total Rooms: 99

Location

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172-176 Russell 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.