172-176 Russell St Worcester, MA $ 9,900,000
172-176 Russell St
$ 9,900,000
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172-176 Russell St

Worcester, MA, 01609
$ 9,900,000
Bedrooms99 Baths36.0 Sq 9,999

Monthly Estimate*

$ 60,956

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Multi-Family Home for sale in Worcester, MA

for $9,900,000 with 99 bedrooms and 36 full baths. This 9,999 square foot home was built on a lot size of 2.3.

Rare 10-building, 30-unit multifamily portfolio in Worcester's desirable West Side, steps from WPI. Offered at $9,900,000 (7.1% cap, $330K/unit). Stabilized 2026-2027 gross income of $1,065,600 with NOI of $699,282. Unit mix includes 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have undergone extensive renovations and are in good condition. Student-driven tenant base provides consistent, scheduled annual turnover aligned with the academic calendar, keeping vacancy near zero. Located on Worcester's West Side — the city's most stable and desirable rental submarket — commanding higher rents than other areas. WPI (5820+ students, US News #82) drives reliable off-campus housing demand. Worcester County multifamily transaction volume hit $710M in 2025 with cap rates compressing to 7.2%. Portfolio available as a single transaction. Full Offering Memorandum attached to MLS

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Multi-Family Active

Price

$ 9,900,000

Bedrooms

99

Full Bath

36

Property Type

Multi-Family

Taxes

$ 86,074

Style

5+ Family - 5+ Units Up/Down

Lot Size

2.3

Town/City

Worcester

County/Region

Worcester

MLS | Web ID

73488551

List By
Brody Murphy Novak Group

Listing Agent

Douglas Elliman Real Estate - Park Plaza

Broker

Affordability Calculator

$68,129
Per Month
89%
11%
0%
Monthly Principal & Interest
$60,956
Monthly Property Taxes
$7,173
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
3/18/2026$9,900,000 Listed Price

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172-176 Russell St, Worcester, MA, 01609 is a Multi-Family Home for sale at $9,900,000 with 9,999 sqft and a lot size of 2.3. 172-176 Russell St has 99 bedrooms and 36.0 baths. The property's zip code is 01609 which is in Worcester, MA