2 Ureco Ter Portfolio Worcester, MA 01602

Building Details

Year Built

1910

Listing Agency BA Property & Lifestyle Advisors m***@realliving.com Show Phone

Listed by Michael Barbera Show Phone

Source Elliman

Added: Jul 9 Checked: Jul 16 at 5:33 am

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Investment Insights

Based on property information with market context.

This clustered multifamily portfolio totals 24 units across five properties on a single private drive in Worcester’s Newton Square/West Side area. The units are spread across 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). Current occupancy is 95.8%.

The offering is reported with gross scheduled rent of $475,800 per year and stabilized NOI of $240,197, with an average in-place rent of $1,724 per month. Recent capital improvements are cited at approximately $395,000, including a full gut renovation at 9 Ureco Terrace in 2025, a kitchen/bath upgrade at 2 Ureco Unit 2L in 2023, and boiler replacements. The seller is offering the portfolio for $4,850,000 (approximately $202K per unit).

Key Highlights

• 24‑unit clustered multifamily portfolio across five properties along one private drive
• 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197
• Average in‑place rent is $1,724/month

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FAQs

What type of property is this?

Apartment building - Portfolio of five properties totaling 24 units along one private drive, with 95.8% occupancy and recent capital improvements.

Where is this apartment building located?

The property is located at 2 Ureco Ter Portfolio Worcester, MA.

What is the asking price?

The asking price for this property is $4,850,000.

What are key features of this property?

This property features: 24‑unit clustered multifamily portfolio across five properties along one private drive; 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197; Average in‑place rent is $1,724/month