Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Withdrawn

172-176 Russell St, Worcester MA 01609

$9,900,000

Estimated $23,226/month Calculator

Multi Family

Total Units: 30

Price Per Unit: $330,000

Total Rent: 172800/year

Estimated CAP Rate:

99 Bedrooms

Baths

9999

Total Parking: 26 (4 Garage)

99,999 (2.30)

Rare 10-building, 30-unit multifamily portfolio on Worcester’s desirable West Side, steps from WPI. Offered at $9,900,000 ($330K/unit, 7.1% cap). Stabilized projected 2026-2027 gross income of $1,065,600 with NOI of $699,282. Portfolio features a mix of 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have been extensively renovated and are in good condition. Student-driven tenant base provides reliable demand, scheduled annual turnover aligned with the academic calendar, and historically near-zero vacancy. Located in Worcester’s most stable and sought-after rental submarket with strong rent growth and consistent off-campus housing demand. Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. Full Offering Memorandum attached to MLS.

This home has been viewed 5 times

Last Checked: June 16th, 2026 at 4:29am (Source: MLS PIN #73488551)

Gross Income: $172,800

Gross Expenses: $86,074

Net Income Calc: $86,726

Water Views

Annual Expenses for 172-176 Russell St, Worcester MA 01609

Total Gross Expenses (Calculated)$86,074/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax86074

Annual Income & Unit Breakdown for 172-176 Russell St, Worcester MA 01609

Total Gross Income (Calculated)$172,800

Unit 1

Rental Income$0

LeaseY

Bedrooms5

Bathrooms5 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms5

Bathrooms5 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms5

Bathrooms5 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms4

Bathrooms4 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 172-176 Russell St, Worcester MA 01609

Listing ID73488551

Property TypeMulti Family

Price9900000 ($990.1/SqFt)

Style5+ Family - 5+ Units Up/down

CityWorcester

CountyWorcester

MLS AreaWPI

Neighborhood(s)

Approximate Living Area Total9999

Approximate Lot Size (Acres)2.3

Total Parking26 (4 Garage)

Garage Parking4

Year Built9999

Year Built SourceOwner

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningNA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 172-176 Russell St, Worcester MA 01609

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsSome Of The Sellers' Personal Items Are Not Included In The Sale.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 172-176 Russell St, Worcester MA 01609

Real Estate Taxes86074

Tax Year2026

Assessed Value$999,999

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 172-176 Russell St, Worcester MA 01609

Neighborhood(s)

MLS AreaWPI

Area Amenities

Contact Information for 172-176 Russell St, Worcester MA 01609

Agent

Name: Brody Murphy Novak Group

Office

Name: Douglas Elliman Real Estate - Park Plaza

Phone: 617-267-3500

Team Members

Name: Craig Brody

Payment Calculator

, Interest

Property Taxes 7172.83

Principal & Interest 61000.65

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Douglas Elliman Real Estate - Park Plaza

Brody Murphy Novak Group

Agent Phone

Office Phone

(617) 267-3500

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 2.3 acres (99,999 SqFt)
    [add_date] => 2026-03-19 08:28:37
    [address] => Russell St
    [agent] => Array
        (
            [address] => 
            [city] => 
            [id] => CT004645
            [name] => Brody Murphy Novak Group
            [national_association] => 
            [office] => AN4282
            [state] => 
            [zip] => 
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 9999
    [approx_lot_size_acres] => 2.3
    [approx_lot_size_sqft] => 99999
    [assessed_value] => $999,999
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
        )

[bathrooms] => 
    [bedrooms] => 99
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Owner
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Worcester
    [community_features] => Array
        (
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Worcester
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Rare 10-building, 30-unit multifamily portfolio on Worcester’s desirable West Side, steps from WPI. Offered at $9,900,000 ($330K/unit, 7.1% cap). Stabilized projected 2026-2027 gross income of $1,065,600 with NOI of $699,282. Portfolio features a mix of 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have been extensively renovated and are in good condition. Student-driven tenant base provides reliable demand, scheduled annual turnover aligned with the academic calendar, and historically near-zero vacancy. Located in Worcester’s most stable and sought-after rental submarket with strong rent growth and consistent off-campus housing demand. Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. Full Offering Memorandum attached to MLS.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Some Of The Sellers' Personal Items Are Not Included In The Sale.
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
            [0] => Estimated
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 4
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 0
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2026-06-16 04:29:27
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
            [0] => None
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 5
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => WPI
    [mls_id] => 73488551
    [neighborhoods] => 
    [net_income_calc] => 86726
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 30
    [office] => Array
        (
            [id] => AN4282
            [name] => Douglas Elliman Real Estate - Park Plaza
            [phone] => 617-267-3500
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 9900000
    [price_per_sqft] => 990.1
    [price_per_unit] => 330000
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 5+ Family - 5+ Units Up/down
        )

[real_estate_tax] => 86074
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 99
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Withdrawn
        )

[street_number] => 172-176
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 1
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 1
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2026
    [team] => CN228366,CT004645
    [team_agents] => Array
        (
            [CN228366] => Array
                (
                    [agent_mls_id] => CN228366
                    [full_name] => Craig Brody
                    [address] => 4 Ellswood Street #4
                    [city] => Chestnut Hill
                    [state] => MA
                    [postal_code] => 02132
                    [national_association_id] => 449592887
                    [office_mls_id] => AN4282
                )

[CT004645] => Array
                (
                    [agent_mls_id] => CT004645
                    [full_name] => Steven Novak
                    [address] => 
                    [city] => 
                    [state] => MA
                    [postal_code] => 
                    [national_association_id] => 449592141
                    [office_mls_id] => AN4282
                )

)

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 86074
    [total_gross_income] => 172800
    [total_parking] => 26 (4 Garage)
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 5 Full
    [unit_1_bedrooms] => 5
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 5 Full
    [unit_2_bedrooms] => 5
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 5 Full
    [unit_3_bedrooms] => 5
    [unit_3_floor] => 3
    [unit_3_lease] => Array
        (
            [0] => Y
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 4 Full
    [unit_4_bedrooms] => 4
    [unit_4_floor] => 1
    [unit_4_lease] => Array
        (
            [0] => Y
        )

[unit_4_levels] => 1
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 172-176 Russell St, Worcester MA 01609
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => 0
    [waterfront_features] => Array
        (
        )

[year_built] => 9999
    [year_built_details] => Approximate
    [year_built_source] => Owner
    [year_renovated] => 
    [zip] => 01609
    [zips] => 
    [zoning] => NA
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/741969/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=8
            [8] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=9
            [9] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=10
            [10] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=11
            [11] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=12
            [12] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=13
            [13] => https://media.mlspin.com/photo.aspx?mls=73488551&w=1024&h=768&n=14
        )

[raw] => 
)

EXIT

12 More Photos

Withdrawn

172-176 Russell St, Worcester MA 01609

$9,900,000

Annual Expenses for 172-176 Russell St, Worcester MA 01609

Annual Income & Unit Breakdown for 172-176 Russell St, Worcester MA 01609

General Information for 172-176 Russell St, Worcester MA 01609

Disclosures for 172-176 Russell St, Worcester MA 01609

Financial Information for 172-176 Russell St, Worcester MA 01609

Location Information for 172-176 Russell St, Worcester MA 01609

Contact Information for 172-176 Russell St, Worcester MA 01609

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Douglas Elliman Real Estate - Park Plaza

Brody Murphy Novak Group