Unfinished Multifamily Development
For Sale
Contact for pricing
42 Hooper St, Worcester, MA 01605
Unfinished three-property portfolio totaling 32 units, with appraised finished value of $17.8M and staged completion estimates.
Property SizeContact for details
Days on Market109
Property Features for 42 Hooper St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
32
Amenities
gourmet kitchens
gleaming hardwood floors
washer and dryer
walk-in closets
multiple well-appointed bathrooms
Listing Agency:
KW Commerical North Central
(617) 969-9000
Listed By:
Duncan Chapman · License #RI REB 16356
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 22 at 9:13PM
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 KW Commerical North Central
Investment Insights
Based on property information with market context.
An unfinished three-property multifamily development portfolio totaling 32 units. The package is described as 80% complete overall, with the 2024 appraised finished value stated at $17.8M, including two separate 5-unit permitted parcels. The offering includes 40-42 Hooper St (twelve 3-bedroom/2-bath units), which is noted as 80% complete and estimated to require $500,000 to achieve occupancy. 11 Austin St (eleven 3-bedroom/2-bath units) is also described as 80% complete with an estimated $500,000 needed to achieve occupancy.
47 Fourth St is described as 70% complete and estimated to require $1.0M to achieve occupancy. This portion is planned as nine 3-bedroom/2-bath units, described as four duplexes and one single unit, and includes a garage in a stated 1,176 sf. The remarks describe each unit being completed with gourmet kitchens, hardwood floors, washer and dryer, walk-in closets, and multiple well-appointed bathrooms.
Ample parking surrounding the buildings is described for each property in the portfolio.
47 Fourth St is described as 70% complete and estimated to require $1.0M to achieve occupancy. This portion is planned as nine 3-bedroom/2-bath units, described as four duplexes and one single unit, and includes a garage in a stated 1,176 sf. The remarks describe each unit being completed with gourmet kitchens, hardwood floors, washer and dryer, walk-in closets, and multiple well-appointed bathrooms.
Ample parking surrounding the buildings is described for each property in the portfolio.
Key Highlights
- Unfinished 3‑property multifamily/construction portfolio totaling 32 units in Worcester, MA (40‑42 Hooper St, 11 Austin St, 47 Fourth St).
- Offered as a package for $13.5M or separately for $4.5M; 2024 appraised finished value totals $17.8M.
- 40‑42 Hooper St: 12 three‑bedroom, two‑bath 1,300 SF units; 80% complete; estimated $500,000 to achieve occupancy.
Property Analytics
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Unfinished three-property portfolio totaling 32 units, with appraised finished value of $17.8M and staged completion estimates.
Where is this apartment building located?
The property is located at 42 Hooper St Worcester, MA.
What are key features of this property?
This property features: Unfinished 3‑property multifamily/construction portfolio totaling 32 units in Worcester, MA (40‑42 Hooper St, 11 Austin St, 47 Fourth St).; Offered as a package for $13.5M or separately for $4.5M; 2024 appraised finished value totals $17.8M.; 40‑42 Hooper St: 12 three‑bedroom, two‑bath 1,300 SF units; 80% complete; estimated $500,000 to achieve occupancy.
