3 Ureco Ter Portfolio, Worcester, MA 01602
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3 Ureco Ter Portfolio, Worcester, MA 01602
3 Ureco Ter Portfolio, Worcester, MA 01602
3 Ureco Ter Portfolio, Worcester, MA 01602
3 Ureco Ter Portfolio, Worcester, MA 01602
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John J. Dean Jr.

John J. Dean Jr.

+1(617) 553-1926
$ 4,850,000
Est. payment /mo
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Active

3 Ureco Ter Portfolio Worcester, MA 01602

43 Beds

25.5 Baths

26,656 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 26,656 sqft

Price per Sqft $181

MLS Listing ID 73546527

Bedrooms 43

Full Baths 24

Half Baths 3

Year Built 1910

Annual Tax Amount $68,892

Tax Year 2025

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

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).

Location

State MA

County Worcester

Area West Side

Zoning RS-10\ RL7

Direction Pleasant St, across from Chamberlin Pkwy

Rooms

Basement Full

Exterior

Total Parking Spaces 30

Garage No

Building

Lot Description Other

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by BA Property & Lifestyle Advisors

NEARBY SCHOOLS & PROPERTIES

John J. Dean Jr.

John J. Dean Jr.

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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3 Ureco Ter Portfolio

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