About 2 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). Comparable clustered portfolios of this scale and quality simply do not come to market in Worcester's west side.
Features of 2 Ureco Ter Portfolio
| MLS® # | 73546562 |
|---|---|
| Price | $4,850,000 |
| Square Footage | 26,656 |
| Acres | 1.00 |
| Year Built | 1910 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 2 Ureco Ter Portfolio |
|---|---|
| City | Worcester |
| County | Worcester |
| State | MA |
| Zip Code | 01602-1902 |
Amenities
| Utilities | Public Water, Public Sewer |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | RS-10/ RL7 |
|---|
Listing Details
| Agent | Michael Barbera |
|---|---|
| Office | BA Property & Lifestyle Advisors |