59 Dover Street Worcester, MA 1609

This offering comprises a three-building, nine-unit multifamily bundle located in the WPI District of Worcester. The properties include 59 Dover St, featuring three 3-bedroom units and a garage, totaling 3,004 square feet; 172 Russell St, offering three 5-bedroom units and measuring 4,712 square feet; and 176 Russell St, which includes three 4-bedroom units and spans 3,972 square feet. The combined area of the buildings is 11,688 square feet. Constructed between 1905 and 1915, the properties generate a stabilized gross income of $333,000 per year, with scheduled increases of $12,600. All units are leased at market rates, benefiting from near-zero vacancy due to the demand from over 5,800 WPI students, 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 St generates the highest income at $136,800 per year. Many units have been extensively renovated with updated kitchens and modern finishes. This bundle is part of a larger 10-building, 30-unit WPI District Portfolio. The remaining buildings are also available individually or in additional bundles. The Worcester County multifamily volume reached $710 million in 2025, which is three times the volume of 2024. The sellers are open to offers for the entire portfolio or individual groupings or buildings, creating a flexible acquisition opportunity.