Worcester Multifamily Property Near Universities

15 Goulding Street, Worcester, MA 01609

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For Sale

$725,000

Multifamily property in desirable Worcester location near universities and hospitals.

Type:Multi-family

Property size:

3,204 SF

Price / SF:

$226/SF

HighLights

Prime location bridging Downtown Worcester, Highland Street, and Elm Park area.
Strong rental demand from proximity to WPI, MCPHS, and UMass Memorial Medical Center.
Convenient access to I‑290, I‑190, and I‑90 for easy commuting.
First floor unit to be delivered vacant.
Close proximity to Union Station, DCU Center, dining, shopping, and cultural attractions.
Strong, long‑term investment opportunity.

We can help!

Listing Contact

James Glickman

Learn more

For Sale

$725,000

Multifamily property in desirable Worcester location near universities and hospitals.

Type:Multi-family

Property size:

3,204 SF

Price / SF:

$226/SF

Added:: Jan 1, 2026
Days on Market:: 158
Last Refresh:: Apr 21 at 6:36 am

Property Features for 15 Goulding Street

General Information

Standard status: Active
Size: 3,204 SF
Property subtype: Multi-family

Building Details

Year Built: 1880

We can help!

Listing Contact

James Glickman

Listing agent James Glickman

Listing office NAI Glickman Kovago & Jacobs

Listing date Jan 1, 2026

Source Stevebremis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of NAI Glickman Kovago & Jacobs

HighLights

Prime location bridging Downtown Worcester, Highland Street, and Elm Park area.
Strong rental demand from proximity to WPI, MCPHS, and UMass Memorial Medical Center.
Convenient access to I‑290, I‑190, and I‑90 for easy commuting.
First floor unit to be delivered vacant.
Close proximity to Union Station, DCU Center, dining, shopping, and cultural attractions.
Strong, long‑term investment opportunity.

Overview

Located in a desirable area of Worcester, 15 Goulding Street bridges Downtown, Highland Street, and the Elm Park area. The property is positioned near Worcester Polytechnic Institute, MCPHS University Worcester, and UMass Memorial Medical Center, which supports rental demand from students, healthcare professionals, and urban renters. It offers convenient access to I-290, I-190, and I-90, providing connectivity throughout Central Massachusetts and Greater Boston. Nearby amenities include Union Station Worcester, the DCU Center, and a range of dining, shopping, and cultural attractions. The property offers walkable surroundings, infrastructure access, and proximity to major institutions, presenting a long-term investment opportunity. The property size is 3204 square feet. The first-floor unit has been recently vacated and will be delivered vacant for market rental or owner-user occupancy. Financials in the listing represent 2025 income. The property is intended for multifamily and residential income use.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$82.7k	$25.80
− Vacancy	−$4.1k	−$1.29
EGI	$78.5k	$24.51
− OpEx	−$35.3k	−$11.03
NOI	$43.2k	$13.48

3,204 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$617.0K

$539.9K – $719.9K (±1% cap)

NOI $43,192 @ 7.0% cap · market cap 5.96%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.07M

$935.8K – $1.25M (±1% cap)

NOI $74,860 @ 7.0% cap · market cap 10.33%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Worcester
County: Worcester
State: Massachusetts
Longitude: -71.8051688
Latitude: 42.2707933

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For sale
Multifamily properties
MA
Worcester
01609
15 Goulding Street

What type of property is this?

Multifamily property - Multifamily property in desirable Worcester location near universities and hospitals.

Where is this multifamily property located?

The property is located at 15 Goulding Street Worcester, MA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Prime location bridging Downtown Worcester, Highland Street, and Elm Park area.; Strong rental demand from proximity to WPI, MCPHS, and UMass Memorial Medical Center.; Convenient access to I‑290, I‑190, and I‑90 for easy commuting.