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2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 1 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 2 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 3 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 4 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 5 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 6 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 7
2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 1 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 2 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 3 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 4 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 5 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 6 2 Ureco Ter Portfolio, Worcester MA 01602 - Preview 7

2 Ureco Ter Portfolio, Worcester MA 01602

Worcester, MA 01602
$4,850,000
Est. $30,465/month
26,656
Sq Ft
$182
Price/Sq Ft
1.00
Acres
1910
Year Built
10 hours 30 minutes
Time on Market
Active Listed Jul 8, 2026 • MLS# 73546562 Copied! • Updated Jul 8, 2026

About this home

Rare opportunity to acquire a clustered 24-unit multifamily portfolio in Worcester's highly desirable Newton Square/West Side neighborhood. Five properties — 827 Pleasant St (10 units), 2 Ureco Terrace (9 units), 7–9 Ureco Terrace (2 units), 831 Pleasant St (2 units), and 3 Ureco Terrace (1 unit) — all situated along a single private drive, delivering concentrated operational efficiency unavailable in dispersed portfolios. 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197. Average in-place rent of $1,724/month with meaningful near-term upside given the premium Newton Square location and ~$395,000 in recent capital improvements, including a full gut renovation at 9 Ureco Terrace (2025), kitchen/bath upgrade at 2 Ureco Unit 2L (2023), and boiler replacements. Offered at $4,850,000 (~$202K/unit). Comparable clustered portfolios of this scale and quality simply do not come to market in Worcester's west side.

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Property History

Property Timeline

🏠
Listed for Sale
Jul 8, 2026
$4,850,000
Original listing
Agent: Michael Barbera Office: BA Property & Lifestyle Advisors

Tax History

Year Taxes Assessment
2025 $68,892 —

Financial Details

Annual Property Tax
$68,892
Tax Year 2025

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1910
Living Area 26,656 sq ft
Lot Size 1.00 acres
Gross Income $475,800
Net Operating Income $240,197
Operating Expenses $232,986
Cap Rate 4.95%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Financial

Annual Tax $68,892
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Om Attached For More Detailed Information. Information Provided Is Believed To Be Reliable But Is Not Guaranteed And May Be Approximate. Buyer And Buyer’s Agent Are Advised To Perform Their Own Due Diligence And Independently Verify All Information.
Possession None
Accepted Financing None
Structure Type []
Documents None
County Worcester

Property Overview

Listing Type
Commercial Sale
Year Built
1910
Living Area
26,656 sq ft

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

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

Construction & Materials

Year Built: 1910
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Parking Features:
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

10 schools
C-
Midland Street School
0.4 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
The T.E.C. Schools. Think. Explore. Create.
0.6 mi
Grades PK-08
F
Worcester Dual Language Magnet School
0.6 mi | #810 of 824 | Score: 26.1
Dropped 223 spots from last year
-32.1 below state avg
519 students Moderate
Grades PK-06
B+
Flagg Street School
0.7 mi | #282 of 824 | Score: 51.3
Improved 23 spots from last year
-6.9 below state avg
412 students Moderate
Rising School
Grades K-06
C-
May Street School
0.7 mi | #682 of 824 | Score: 36.5
Dropped 33 spots from last year
-21.7 below state avg
310 students Very Diverse
Diverse Student Body
Grades K-06
D
Tatnuck School
1.0 mi | #773 of 824 | Score: 30.8
Dropped 172 spots from last year
-27.4 below state avg
376 students Very Diverse
Diverse Student Body
Grades PK-06
D
Francis J McGrath Elementary School
1.2 mi | #784 of 824 | Score: 29.6
Dropped 143 spots from last year
-28.6 below state avg
200 students Diverse
Diverse Student Body
Grades PK-06
D
Elm Park Community School
1.3 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
C-
Woodland Academy
1.4 mi | #11 of 12 | Score: 28.5
Improved 726 spots from last year
-29.7 below state avg
482 students Moderate
Rising School
Grades K-06
F
Chandler Elementary Community School
1.5 mi | #805 of 824 | Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students Diverse
Grades K-06
M

Middle Schools

6 schools
Worcester SDA School
1.2 mi
Grades 01-08
The Nativity School of Worcester
1.8 mi
Grades 05-08
C+
Forest Grove Middle School
1.3 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
B
Sullivan Middle School
2.6 mi | #157 of 352 | Score: 43.9
Improved 28 spots from last year
-14.3 below state avg
940 students Diverse
Rising School Diverse Student Body
Grades 06-08
C+
Burncoat Middle School
2.7 mi | #233 of 352 | Score: 37.9
Improved 48 spots from last year
-20.3 below state avg
720 students Diverse
Rising School Diverse Student Body
Grades 07-08
C-
Worcester East Middle School
2.9 mi | #298 of 352 | Score: 31.5
Improved 55 spots from last year
-26.7 below state avg
731 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

10 schools
Notre Dame Academy
0.7 mi
Grades 07-12
B+
Claremont Academy
1.6 mi | #9 of 25 | Score: 38.3
Improved 317 spots from last year
-20 below state avg
474 students Moderate
10 sports • 216 athletes
Early College Program Rising School College Ready Curriculum
Grades 07-12
C-
University Park Campus School
1.9 mi | #290 of 346 | Score: 41.4
Dropped 13 spots from last year
-16.8 below state avg
233 students Diverse
Early College Program High Graduation Rate College Ready Curriculum Strong Attendance
Grades 07-12
Worcester Alternative High School
2.4 mi
36 students Diverse
Grades 07-12
Worcester Academy
2.6 mi
Grades 06-12
Saint Paul Diocesan Junior/Senior High School
3.3 mi
Grades 07-12
B-
Doherty Memorial High School
0.7 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
1.6 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
B
South High Community School
2.6 mi | #168 of 346 | Score: 53.6
Improved 65 spots from last year
-4.6 below state avg
1,800 students Very Diverse
19 sports • 1,056 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
C
Burncoat Senior High School
2.7 mi | #278 of 346 | Score: 43.5
Dropped 58 spots from last year
-14.7 below state avg
1,073 students Diverse
18 sports • 778 athletes
Early College Program College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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Monthly Payment Breakdown

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Property Tax $5,741
Homeowners Insurance $200
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Payment Over Time

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Year 15
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Neighborhood

2 Ureco Ter Portfolio, Worcester MA 01602

Worcester, MA 01602

Listing Information

Listing Agent Michael Barbera
Listing Office BA Property & Lifestyle Advisors
Office Phone 508-852-4227
Agent MLS ID K8000356
Office MLS ID AN7401
Listing Data Updated Jul 8, 2026 1:19 PM EDT
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
BMN Boston Real Estate
Douglas Elliman
(617) 800 - 9008 contact@bmnboston.com
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2 Ureco Ter Portfolio, Worcester MA 01602 - Photo 1 2 Ureco Ter Portfolio, Worcester MA 01602 - Photo 2 2 Ureco Ter Portfolio, Worcester MA 01602 - Photo 3 2 Ureco Ter Portfolio, Worcester MA 01602 - Photo 4 2 Ureco Ter Portfolio, Worcester MA 01602 - Photo 5 2 Ureco Ter Portfolio, Worcester MA 01602 - Photo 6 2 Ureco Ter Portfolio, Worcester MA 01602 - Photo 7
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