$4,850,000
( $181.95Per Sq Foot )
 $26,036 est/mo Sourced by Back At You

2 Ureco Ter Portfolio,Worcester, MA 01602

Worcester, MA 01602

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Description

Rare opportunity to acquire a clustered 24-unit multifamily portfolio in Worcester's highly desirable Newton Square/West Side neighborhood. Five properties - 827 Pleasant St (10 units), 2 Ureco Terrace (9 units), 7-9 Ureco Terrace (2 units), 831 Pleasant St (2 units), and 3 Ureco Terrace (1 unit) - all situated along a single private drive, delivering concentrated operational efficiency unavailable in dispersed portfolios. 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197. Average in-place rent of $1,724/month with meaningful near-term upside given the premium Newton Square location and ~$395,000 in recent capital improvements, including a full gut renovation at 9 Ureco Terrace (2025), kitchen/bath upgrade at 2 Ureco Unit 2L (2023), and boiler replacements. Offered at $4,850,000 (~$202K/unit). Comparable clustered portfolios of this scale and quality simply do not come to market in Worcester's west side.

Details

MLS #73546562
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site82
Listing Provided ByBA Property & Lifestyle Advisors | Michael Barbera

Features

Bath(s)27
SQ Feet26,656
ZoningRS-10/ RL7
Acreage1.00

Utilities

UtilitiesPublic Water, Public Sewer

Taxes

Tax Annual Amount68892
Tax Year2025

Location

Senior Community Yes / NoNo

Area Information

StateMA
CountyWorcester
CityWorcester
Zip Code01602
AreaWorcester
Listing VS Median (in 01602)
Price:
$4,850,000
low | high
Med:
$435,000
100% of Average
sqft:
26,656
low | high
Med:
1,554
100% of Average
$ / sqft:
$182
low | high
Med:
$280
3.847868487044% of Average
On site:
82
low | high
Med:
5
100% of Average
Sourced by Back At You

Market Activity 01602

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Contact

Learn More About This Property

Wendy Tauber

Wendy Tauber

HK Realty

 (603) 502-7151wendy@h-krealty.com
StateMA
CountyWorcester
CityWorcester
Zip Code01602
AreaWorcester
Listing VS Median (in 01602)
Price:
$4,850,000
low | high
Med:
$435,000
100% of Average
sqft:
26,656
low | high
Med:
1,554
100% of Average
$ / sqft:
$182
low | high
Med:
$280
3.847868487044% of Average
On site:
82
low | high
Med:
5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3.637M - $6.62M
sqft: 19,500 - 33,000
Nearby Listings Property ImageNearby Listings Details
3 Ureco Ter Portfolio Property Photo 1
$4,850,000
3 Ureco Ter Portfolio
Worcester, MA 01602
Listing Updated: September 5, 2026 at 8:32:33 PM PDT