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172-176 Russell St, Worcester MA 01609

Worcester, MA 01609 • WPI
$9,900,000
Est. $57,433/month
99
Beds
36
Baths
9,999
Sq Ft
$990
Price/Sq Ft
2.30
Acres
9999
Year Built
5+ Family - 5+ Units Up/Down
Type
10 hours 21 minutes
Time on Market
Active Listed Mar 18, 2026 • MLS# 73488551 Copied!

About this home

Rare 10-building, 30-unit multifamily portfolio in Worcester's desirable West Side, steps from WPI. Offered at $9,900,000 (7.1% cap, $330K/unit). Stabilized 2026-2027 gross income of $1,065,600 with NOI of $699,282. Unit mix includes 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have undergone extensive renovations and are in good condition. Student-driven tenant base provides consistent, scheduled annual turnover aligned with the academic calendar, keeping vacancy near zero. Located on Worcester's West Side — the city's most stable and desirable rental submarket — commanding higher rents than other areas. WPI (5820+ students, US News #82) drives reliable off-campus housing demand. Worcester County multifamily transaction volume hit $710M in 2025 with cap rates compressing to 7.2%. Portfolio available as a single transaction. Full Offering Memorandum attached to MLS

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Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
9999
Bedrooms
99
Full Bathrooms
36
Living Area
9,999 sq ft
Total Rooms
99
Stories
5
Levels
5

Facts & Features

4 Car Garage
New Construction

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 9999
Living Area 9,999 sq ft
Lot Size 2.30 acres
Bedrooms 99
Full Baths 36
Total Rooms 99

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 4
Has Garage Yes
Features Paved Drive
Total Spaces 22

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $86,074
Assessed Value $999,999

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 9999
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter, Block
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Garage Spaces: 4
Total Parking Spaces: 22
Parking Features: Paved Drive

Location

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Neighborhood

WPI

172-176 Russell St, Worcester MA 01609

Worcester, MA 01609

Walkability

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Nearby Schools

School District
Worcester School District local
C-
🎓 Where Graduates Go Class of 2021
51% attend college
35% 4-Year 16% 2-Year 4% Out of State 4% Working
⚠ School Safety 2024-25
4.1% Above Average
3.3% Suspensions 1.7% In-School 0.8% Emergency
↓ 1.4% below state avg
E

Elementary Schools

3 schools
D
Elm Park Community School
0.4 mi | #779 of 824 | Score: 30.6
Improved 25 spots from last year
-27.6 below state avg
478 students Diverse
Rising School Diverse Student Body
Grades K-06
Summit Academy School for Alternative Learners
0.6 mi
Grades K-12
C-
Midland Street School
0.6 mi | #711 of 824 | Score: 34.6
Dropped 188 spots from last year
-23.6 below state avg
249 students Diverse
Diverse Student Body
Grades K-06
M

Middle Schools

2 schools
The Nativity School of Worcester
0.9 mi
Grades 05-08
C+
Forest Grove Middle School
1.1 mi | #229 of 352 | Score: 38.3
Improved 91 spots from last year
-19.9 below state avg
839 students Diverse
Rising School Diverse Student Body
Grades 07-08
H

High Schools

3 schools
B-
Doherty Memorial High School
0.4 mi | #195 of 346 | Score: 51.8
Improved 26 spots from last year
-6.4 below state avg
1,573 students Very Diverse
19 sports • 1,302 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
A+
Massachusetts Academy of Math and Science at WPI
0.8 mi | #2 of 346 | Score: 91.7
Same rank as last year
99 students Diverse
Strong AP Program College Ready Curriculum Strong Attendance
Grades 11-12
Notre Dame Academy
1.1 mi
Grades 07-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $7,173
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Mar 18, 2026
$9,900,000
Original listing
Agent: Brody Murphy Novak Group Office: Douglas Elliman Real Estate - Park Plaza

Price & Status History

Date Event Price Change
Mar 18, 2026 New Listing Added $9,900,000 —

Market Statistics

Time on Market
10 hours 21 minutes
Price per Sq Ft
$990

Tax History

Year Taxes Assessment
2026 $86,074 $999,999

Financial Details

Annual Property Tax
$86,074
Tax Year 2026
Assessed Value
$999,999

Listing Information

Listing Agent Brody Murphy Novak Group
Listing Office Douglas Elliman Real Estate - Park Plaza
Agent MLS ID TM356160
Office MLS ID AN4282
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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BMN Boston Real Estate

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