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    FOR SALE
    Apartment buildings

    70-72 Russell St Worcester, MA 01609

    12,424 SF Built 1910
    Property ID
    US38-Q004693
    70-72 Russell St, Worcester, MA 01609 For Sale 1 / 30
    $2,495,000 12,424 SF
    70-72 Russell St, Worcester, MA 01609
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    Property summary
    AI-generated overview

    The property at 70 Russell St (8 units), includes four one-bed & four three-bed units. The building at 72 Russell St (5 units), consists of two one-bed and three four-bed units. Both buildings are serviced by central, natural gas-fired heating & domestic hot water systems, paid by the landlord. Tenants are responsible for electricity in both properties. 70 Russell St features gas cooking, paid by landlord. There is a total of nine off-street parking spaces. There is currently no laundry facility at 70 Russell St; however, a former basement laundry room presents an opportunity for installation. Units at 72 Russell St include washer & dryer hookups in the four-bedroom layouts. Recent capital improvements include vinyl replacement windows, flat rubber roof replacements (2015), hot water heaters (2021), porch repairs (2024), installation of fire alarm system (2024), and soffit rebuild & replacement (2025). Majority of units have been renovated, following a fire in 70 Russell St in 2023.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1910
    Total area 12,424 SF
    UPID US38-Q004693
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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