59 Dover St Worcester, MA 1609

This offering features a three-building, nine-unit multifamily bundle located in Worcester's WPI District. The properties include 59 Dover St (3 units, 3,004 SF), 172 Russell St (3 units, 4,712 SF), and 176 Russell St (3 units, 3,972 SF), combining for a total of 11,688 SF. Construction dates range from 1905 to 1915. The stabilized gross income is $333,000 per year, with scheduled increases of $12,600. All units are leased at market rent, benefiting from near-zero vacancy due to the demand from the 5,800+ students at WPI, where only first-year students are guaranteed housing. The properties at 172 and 176 Russell Street are adjacent, offering potential management efficiencies. The property at 172 Russell Street generates the highest income at $136,800 per year. Many units have been extensively renovated with updated kitchens and modern finishes. This portfolio is part of a larger 10-building, 30-unit collection in the WPI District, with the remaining buildings available individually or in additional bundles. Worcester County multifamily volume reached $710 million in 2025, tripling the 2024 volume. The location has a walk score of 94, indicating it is a 'Walker's Paradise', a bike score of 52, indicating it is 'Bikeable', and a transit score of 44, indicating there is 'Some Transit' available. Sellers are open to offers for the entire portfolio or individual groupings or buildings, providing a flexible acquisition opportunity.