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3-building, 9-unit multifamily bundle in Worcester's WPI District. 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), 176 Russell St (4BR/4BR/4BR, 3,972 SF). Combined 11,688 SF, built 1905-1915. Stabilized gross income $333,000/yr with $12,600 in scheduled increases. All units leased at market rent with near-zero vacancy driven by WPI student demand - 5,800+ students, only first-years guaranteed housing. 172 & 176 Russell are adjacent, offering management efficiencies. 172 Russell is the highest-income property at $136,800/yr. Most units extensively renovated with updated kitchens and modern finishes. Part of a larger 10-building, 30-unit WPI District Portfolio - remaining buildings also available individually or in additional bundles. Worcester County multifamily volume hit $710M in 2025 (3x 2024). Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. See MLS# 7348855

More Info

Basic Information

  • Gross Income $333,000
  • Mls StatusActive
  • Parcel Number 1772931

Tax Information

  • Tax Assessed Value $999,999
  • Tax Year 2025
  • Taxes$26,363

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces5

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 12
  • Bedrooms36
  • Full Bath12

Basic Information

  • List Price$3,300,000
  • MLS Number73496378
  • Modification Date04/10/2026
  • Property SubType5-9 Family

Location

  • Address59 Dover Street
  • Building Number59
  • CountyWorcester
  • NeighborhoodWPI
  • StateMA
  • StreetDover Street
  • SubdivisionWpi
  • TownWorcester
  • Zip01609

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Garage Spaces1
  • Levels 5
  • Rooms52
  • Stories5
  • Units9
  • Year Built1905
  • Year Built Details Actual
  • Year Built Source Owner

Property

  • Acreage0.32

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Owner
  • Living Area 12,428
  • Lot Size Square Feet 13,924
  • Lot Size Units Acres
  • Square Feet12,428

Legal

  • ZoningRL-7

Other

  • Date Listed04/06/2026
  • Farm Land Area Units Square Feet
  • View Count3

Map Location

Driving Directions

Listed by Brody Murphy Novak Group of Douglas Elliman Real Estate - Park Plaza

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