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$ 4,850,000
Est. payment /mo
New
2 Ureco Ter Portfolio Worcester, MA 01602
26,656 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 26,656 sqft
Price per Sqft $181
MLS Listing ID 73546562
HOA Y/N false
Year Built 1910
Annual Tax Amount $68,892
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
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). Comparable clustered portfolios of this scale and quality simply do not come to market in Worcester's west side.
Location
State MA
County Worcester
Zoning RS-10/ RL7
Direction Pleasant St, across from Chamberlin Pkwy
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by BA Property & Lifestyle Advisors
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