59 Dover St Worcester, MA 1609
Three-building, nine-unit multifamily bundle near WPI.
Type:5-9 Family
Property size:
12,428 SFPrice / SF:
$265/SF- Added:
- Apr 6, 2026
- Days on Market:
- 19
- Last Refresh:
- Apr 20 at 7:28 pm
Property Features for 59 Dover St
General Information
- Standard status
- Active
- Size
- 12,428 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1905
Listing agent Brody Murphy Novak Group (617) 800-9008
Listing office Douglas Elliman Real Estate - Park Plaza (617) 800-9008
Listing date Apr 6, 2026
Source Lockandkeyre
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 Douglas Elliman Real Estate - Park Plaza
Overview
Worcester Multifamily Investment Opportunity
This offering features a three-building, nine-unit multifamily bundle located in Worcester's WPI District. The properties include 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), and 176 Russell St (4BR/4BR/4BR, 3,972 SF). The combined area of the buildings is 11,688 SF. Construction dates range from 1905 to 1915. The stabilized gross income is $333,000 per year, with $12,600 in scheduled increases. All units are leased at market rent, benefiting from near-zero vacancy due to 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 St generates the highest income at $136,800 per year. Most units have been extensively renovated with updated kitchens and modern finishes. This is part of a larger 10-building, 30-unit WPI District Portfolio. The remaining buildings are also available individually or in additional bundles. Worcester County multifamily volume reached $710 million in 2025, which is three times the volume in 2024. The sellers are open to offers for the entire portfolio or individual groupings or buildings, creating a flexible acquisition opportunity.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8135511
- Latitude
- 42.2725786
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three-building, nine-unit multifamily bundle near WPI.
Where is this apartment building located?
The property is located at 59 Dover St Worcester, MA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: High Gross Income: Stabilized gross income of $333,000/year with additional scheduled increases.; Strong Rental Demand: Benefit from near‑zero vacancy due to the proximity to WPI and its 5,800+ students.; Multi‑Building Bundle: Includes three buildings (59 Dover St, 172 Russell St, 176 Russell St) with a total of 9 units and 11,688 SF.
