3 Ureco Ter Portfolio
worcester, MA 01602$4,850,000
- 43 BR24 BA, 3 HALF BAapprox. 26,656 SF
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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).
Details
26,656 Sq Ft
1 Private Acres Lot Size
investment
$5,741 Monthly Tax
Built in 1910
MLS/Listing ID 73546527
3 Stories
24 Units
Amenities & Features
Stone
Parking - Paved
Public Sewer
Public Water
Estimate my mortgage
TOTAL MONTHLY COST
$0
- PRINCIPAL & INTEREST
$0
- PROPERTY TAXES
$0
- Common Charges
$0
HOME PRICE
DOWN PAYMENT
TERM
INTEREST
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