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172-176 Russell St, 
Worcester, MA 01609

$9,900,000

99

Beds

36

Baths

9,999

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Brody Murphy Novak Group

Douglas Elliman Real Estate - Park Plaza

617-267-3500

Last updated:

March 21, 2026, 10:45 AM

MLS#

73488551

Source:

MLSPIN

About This Home

172-176 Russell St

Rare 10-building, 30-unit multifamily portfolio in Worcester's desirable West Side, steps from WPI. Offered at $9,900,000 (7.1% cap, $330K/unit). Stabilized 2026-2027 gross income of $1,065,600 with NOI of $699,282. Unit mix includes 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have undergone extensive renovations and are in good condition. Student-driven tenant base provides consistent, scheduled annual turnover aligned with the academic calendar, keeping vacancy near zero. Located on Worcester's West Side — the city's most stable and desirable rental submarket — commanding higher rents than other areas. WPI (5820+ students, US News #82) drives reliable off-campus housing demand. Worcester County multifamily transaction volume hit $710M in 2025 with cap rates compressing to 7.2%. Portfolio available as a single transaction. Full Offering Memorandum attached to MLS

Home Facts

Multi-Family

36 Baths

99 Bedrooms

Built in 9999

Price Summary

9,900,000

$990 per Sq. Ft.

MLS #:

73488551

Last Updated:

March 21, 2026, 10:45 AM

Rooms & Interior

Bedrooms

Total Bedrooms:

99

Bathrooms

Total Bathrooms:

36

Full Bathrooms:

36

Interior

Living Area:

9,999 Sq. Ft.

Structure

Structure

Building Area:

9,999 Sq. Ft.

Year Built:

9999

Lot

Lot Size (Sq. Ft):

99,999

Finances & Disclosures

Finances

Price:

$9,900,000

Price per Sq. Ft:

$990 per Sq. Ft.

Source:MLSPIN
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.