172-176 Russell St

9,999 Sq. Ft.
$990 / Sq. Ft.
9,999
Sq. Ft.
$990
per Sq. Ft.

Description

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...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
  1. Listed by Brody Murphy Novak Group • Douglas Elliman Real Estate - Park Plaza
  2. Listed by Craig Brody • Douglas Elliman Real Estate - Park Plaza
  3. Listed by Steven Novak • Douglas Elliman Real Estate - Park Plaza

Property Details for 172-176 Russell Street

Town
Worcester
MLS Area
WPI
Area
MA-Worcester-WPI, MA-Worcester
Garage Spaces
4
Open Parking Spaces
18.00
Parking Spaces Total
22
LISTING UPDATED: 03/18/2026 03:58 PM

Property Details for 172-176 Russell Street

StatusNew
MLS #73488551
Days on Market2
Taxes$86,074 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built9999
CountyWorcester County

Location

Listing Courtesy of Douglas Elliman Real Estate - Park Plaza, Brody Murphy Novak Group; Douglas Elliman Real Estate - Park Plaza, Craig Brody; Douglas Elliman Real Estate - Park Plaza, Steven Novak
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Building Information for 172-176 Russell Street

Stories5Residences30Year Built9999Building Size-Lot Size2.30 AC / 99,999 SF

Payment Calculator

$55,219 per month

30 year fixed, 6.11% Interest

Principal and Interest

$48,046

Property Taxes

$7,173

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 172-176 Russell Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 9999.0
  • SqFt with Basement: No
  • Total Units: 30
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Owner
Features
Interior Features
  • Num of Baths: 36.0
  • Num of Full Baths: 36
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 36.00
  • Bathrooms Total Integer: 36
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: 4.00
  • Garage: Yes
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: 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.
Tax Information
  • Assessments: $999,999
  • Book: na
  • Tax Year: 2026
  • Zoning: NA
Building / Association Information
Living Characteristics
  • Beds Total: 99
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Concrete Perimeter, Block
  • Levels: 5
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $1,065,600.00
  • GRE: $366,318
  • NOI: $699,382.00
  • Operating Expense: $366,318.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $14,400.00

Property History for 172-176 Russell Street

DateEvent & SourcePriceAppreciation
Mar 18, 2026

Listed (Active)

MLS PIN #73488551

$9,900,000
DateEvent & SourcePrice
03/18/2026

Listed (Active)

MLS PIN #73488551

$9,900,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 172-176 Russell Street

This home is within Worcester School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - 7 to 8
Rating
School
Distance
Jacob Hiatt Magnet School
PublicPK to 6

Chandler Magnet School
PublicPK to 6

Elm Park Community School
PublicPK to 6

Forest Grove Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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172-176 Russell Street is a multi-family home for sale in Worcester, MA 01609. This property was listed for sale on March 18, 2026 by Douglas Elliman Real Estate - Park Plaza, it's currently listed at $9,900,000. This listing's school district is Worcester School District. Nearby schools include Jacob Hiatt Magnet School, Chandler Magnet School and Elm Park Community School. 172-176 Russell Street is a 99-bed, 36-bath, 9,999 sqft multi-family home built in 9999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman Real Estate - Park Plaza, Brody Murphy Novak Group; Douglas Elliman Real Estate - Park Plaza, Craig Brody; Douglas Elliman Real Estate - Park Plaza, Steven Novak

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.