3 Ureco Ter Portfolio, Worcester MA 01602
Worcester, MA 01602 • West Side
$4,850,000
Est. $30,465/month
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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).
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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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/08/2026 | 🏠 Listed for Sale | $4,850,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $68,892 | $5,187,700 |
Financial Details
Annual Property Tax
$68,892
Tax Year 2025
Assessed Value
$5,187,700
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1910
Living Area
26,656 sq ft
Lot Size
1.00 acres
Stories
3
Bedrooms
43
Full Baths
24
Half Baths
3
Total Rooms
85
Investment Metrics
Units
24
Unit 1 Rent
$9,999/mo · Y
Unit 2 Rent
$9,999/mo · Y
Total Monthly Rent
$19,998/mo
Gross Income
$475,800
Net Operating Income
$240,197
Operating Expenses
$232,986
Cap Rate
4.95%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Total Spaces
30
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$68,892
Assessed Value
$5,187,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
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.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Total for all buildings. Info deemed reliable but not guaranteed. Buyers and Buyer agents to verify.
Documents
None
County
Worcester
Total market time (incl. prior listings)
40 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1910
Bedrooms
43
Full Bathrooms
24
Half Bathrooms
3
Living Area
26,656 sq ft
Total Rooms
85
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
26,656 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
3
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:
Other
Road Surface:
Parking & Garage
Total Parking Spaces:
30
Parking Features:
Paved Drive
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
Elementary Schools
3 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
Middle Schools
3 schools
Worcester SDA School
1.2 mi
Grades 01-08
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
The Nativity School of Worcester
1.8 mi
Grades 05-08
High Schools
3 schools
Notre Dame Academy
0.7 mi
Grades 07-12
B-
Doherty Memorial High School
0.8 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
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
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$5,741
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
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.
Location
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Neighborhood
West Side
3 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
Aug 17, 2026 3:05 AM 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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