
2 Ureco Ter Portfolio Worcester — Photo 1 of 7
$4,850,000
Worcester, MA 01602
Beds
--
Baths
27
SqFt
26,656
Style
Other
Built
1910
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.
Limited sample — based on 6 comparable properties.
* Analysis is based on 6 actively listed and recently sold comparable properties strictly within Worcester, MA.
27,092
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$92K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
41.1%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Michael Barbera
Listing Office: BA Property & Lifestyle Advisors
MLS® Number: 73546562
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