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WPI Porfolio 10 Multifamily Properties Offered at $13,620,618 CAD in Worcester, MA
Investment Highlights
- 10 buildings, 30 units (most extensively renovated), 4 with garage parking
- WPI Student Housing Demand
- Built-In Rent Growth
- Extensively Updated & Stabilized
- Predictable Turnover Schedule
Executive Summary
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.
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- Offering Memorandum
Property Facts
| Price | $13,620,618 CAD | Status | Active |
| Price / SF | $354.70 CAD / SF | Number of Properties | 10 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.06% | Total Building Size | 38,400 SF |
| Sale Type | Investment | Total Land Area | 1.37 AC |
| Price | $13,620,618 CAD |
| Price / SF | $354.70 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 38,400 SF |
| Total Land Area | 1.37 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 172 Russell St, Worcester, MA 01609 | Multifamily | 4,712 SF | 1915 | - |
| 34 Wachusett St, Worcester, MA 01609 | Multifamily | 4,413 SF | 1870 | - |
| 26 Lee St, Worcester, MA 01602 | Multifamily | 4,074 SF | 1893 | - |
| 188 Park Ave, Worcester, MA 01602 | Multifamily | 4,005 SF | 1920 | - |
| 176 Russell St, Worcester, MA 01609 | Multifamily | 3,972 SF | 1905 | - |
| 167 Highland St, Worcester, MA 01609 | Multifamily | 3,800 SF | 1900 | - |
| 36 Westland St, Worcester, MA 01602 | Multifamily | 3,636 SF | 1890 | - |
| 31 Lee St, Worcester, MA 01602 | Multifamily | 3,444 SF | 1901 | - |
| 2 Haviland St, Worcester, MA 01602 | Multifamily | 3,340 SF | 1890 | - |
| 59 Dover St, Worcester, MA 01609 | Multifamily | 3,004 SF | 1905 | - |
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