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$9,900,000

  • For Sale
  • Active
  • Multi-Family
  • 30 Units
  • 99 Total Beds
  • 2.3 Acres
  • 4 Car Garage
  • Updated 4 days ago
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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

Full Property Details for 172-176 Russell St

General

  • Price: $9,900,000
  • Taxes: $86,074 (2026)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73488551
  • Updated: 3/22/2026
  • Added to Site: 8 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 36
  • Full Bathrooms: 36

Bedrooms

  • Total Bedrooms: 99

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking Features: Paved Drive

Location

  • County: Worcester

Structural Information

  • Stories/Levels: 5
  • Square Feet: 9,999
  • Year Built: 9999

Lot Features

  • Lot Size (Acres): 2.3

Financial Considerations

  • Tax Amount: $86,074
  • Tax Year: 2026

Disclosures and Reports

  • Disclosures/Rstr.: All information is deemed reliable but not guaranteed. Some information may be incomplete due to MLS field limitations. Buyer and Buyer's Agent to independently verify all information and conduct their own due diligence.

Listed by Douglas Elliman Real Estate - Park Plaza, Brody Murphy Novak Group and Craig Brody

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Listing agents

— 172-176 Russell St —

  • Brody Murphy Novak Group

    Douglas Elliman Real Estate - Park Plaza

  • Craig Brody

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 172-176 Russell St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/18/2026
Listed
$9,900,000
2257.14%
MLS
9/13/2018
Sold
$420,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 172-176 Russell St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,015
10%
$759,300
15%
2024
$9,092
4%
$661,200
9%
2023
$8,732
15%
$608,900
22%
2022
$7,607
7%
$500,100
14%
2021
$7,142
6%
$438,700
11%
2020
$6,735
37%
$396,200
46%
2019
$4,900
3%
$272,200
8%
2018
$4,777
7%
$252,600
9%
2017
$4,467
4%
$232,400
12%
2016
$4,287
3%
$208,000
—
2015
$4,175
3%
$208,000
—
2014
$4,055
5%
$207,500
—
2013
$3,874
—
$208,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Douglas Elliman Real Estate - Park Plaza, Brody Murphy Novak Group and Craig Brody

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172-176 Russell St, Worcester, MA 01609 (MLS# 73488551) is a Multi-Family property with 30 units containing 99 bedrooms and 36 full bathrooms. 172-176 Russell St is currently listed for $9,900,000 and was received on March 18, 2026. Want to learn more about 172-176 Russell St? Do you have questions about finding other Multi-Family real estate for sale in Worcester? You can browse all Worcester real estate or contact a Coldwell Banker agent to request more information.

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