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59 Dover St, Worcester MA 01609

$3,300,000

Estimated $7,548/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $366,666.67

Total Rent: 130800/year

Estimated CAP Rate:

36 Bedrooms

Baths

12428

Total Parking: 6 (1 Garage)

13,924 (0.32)

3-building, 9-unit multifamily bundle in Worcester's WPI District. 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), 176 Russell St (4BR/4BR/4BR, 3,972 SF). Combined 11,688 SF, built 1905-1915. Stabilized gross income $333,000/yr with $12,600 in scheduled increases. All units leased at market rent with near-zero vacancy driven by WPI student demand — 5,800+ students, only first-years guaranteed housing. 172 & 176 Russell are adjacent, offering management efficiencies. 172 Russell is the highest-income property at $136,800/yr. Most units extensively renovated with updated kitchens and modern finishes. Part of a larger 10-building, 30-unit WPI District Portfolio — remaining buildings also available individually or in additional bundles. Worcester County multifamily volume hit $710M in 2025 (3x 2024). Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. See MLS# 7348855

This home has been viewed 8 times

Last Checked: June 5th, 2026 at 4:29am (Source: MLS PIN #73496378)

Gross Income: $130,800

Gross Expenses: $26,363

Net Income Calc: $104,437

Water Views

Annual Expenses for 59 Dover St, Worcester MA 01609

Total Gross Expenses (Calculated)$26,363/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax26363

Annual Income & Unit Breakdown for 59 Dover St, Worcester MA 01609

Total Gross Income (Calculated)$130,800

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms5

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 59 Dover St, Worcester MA 01609

Listing ID73496378

Property TypeMulti Family / 5+ Family

Price3300000 ($265.53/SqFt)

Style5-9 Family

CityWorcester

CountyWorcester

MLS AreaWPI

Neighborhood(s)

Approximate Living Area Total12428

Approximate Lot Size (Acres)0.32

Total Parking6 (1 Garage)

Garage Parking1

Year Built1905

Year Built SourceOwner

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRL-7

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 59 Dover St, Worcester MA 01609

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsPersonal Property

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 59 Dover St, Worcester MA 01609

Real Estate Taxes26363

Tax Year2025

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 59 Dover St, Worcester MA 01609

Neighborhood(s)

MLS AreaWPI

Area Amenities

Contact Information for 59 Dover 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 2196.92

Principal & Interest 20333.55

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

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EXIT

8 More Photos

Withdrawn

59 Dover St, Worcester MA 01609

$3,300,000

Annual Expenses for 59 Dover St, Worcester MA 01609

Annual Income & Unit Breakdown for 59 Dover St, Worcester MA 01609

General Information for 59 Dover St, Worcester MA 01609

Disclosures for 59 Dover St, Worcester MA 01609

Financial Information for 59 Dover St, Worcester MA 01609

Location Information for 59 Dover St, Worcester MA 01609

Contact Information for 59 Dover St, Worcester MA 01609

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Douglas Elliman Real Estate - Park Plaza

Brody Murphy Novak Group