About 3 Ureco Ter Portfolio
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).
Features of 3 Ureco Ter Portfolio
| MLS® # | 73546527 |
|---|---|
| Price | $4,850,000 |
| Bedrooms | 43 |
| Bathrooms | 25.50 |
| Full Baths | 24 |
| Half Baths | 3 |
| Square Footage | 26,656 |
| Acres | 1.00 |
| Year Built | 1910 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 3 Ureco Ter Portfolio |
|---|---|
| Area | West Side |
| City | Worcester |
| County | Worcester |
| State | MA |
| Zip Code | 01602-1902 |
Amenities
| Parking Spaces | 30 |
|---|---|
| Parking | Paved Drive |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Lot Description | Other |
|---|---|
| Foundation | Stone |
Additional Information
| Zoning | RS-10\ RL7 |
|---|
Listing Details
| Agent | Michael Barbera |
|---|---|
| Office | BA Property & Lifestyle Advisors |