5-9 Palm St
Worcester, MA 01604
Immeuble residentiel Propriété À vendre · 7 Unités

Marcus & Millichap is pleased to offer for sale 5-9 Palm Street, a seven unit building in Worcester, Massachusetts. The property has three individual entrances, 5 Palm Street (Large 2-bedroom Townhouse apartment), 7 Palm Street (3 Units, 7-2R, 7-3L, 7-3R), and 9 Palm Street (3 Units, 9-1L, 9-2L, 9-2R), collectively featuring (5) large 1 Bedroom Units,(1) Studio, and (1) large 2 bedroom townhouse. Together, the building totals 5,600 square feet of living space on a 0.26 acre lot in the Union Hill Neighborhood of Worcester. The property has separately metered utilities and two off-street parking spots.
5-9 Palm Street offers investors stable in-place income and clear avenues for value-add enhancement, and the opportunity to secure a well-located asset in the second-largest city in New England. UMass Memorial Hospital, Hanover Insurance Group, and Paul Revere Insurance Group, which employee over 20,000 people, are all within 3.5
miles of the property. Whether held as a durable, cash-flowing investment or improved to capture additional upside, 5 Palm Street represents a compelling opportunity to acquire a strong multifamily asset in a rapid tightening Central Massachusetts market. Worcester was ranked the third most competitive rental market nationally by Forbes Magazine in 2024.