2 Ureco Ter - Apartments FOR SALE


Worcester, MA 01602- Salisbury Street
$4,850,000 USD
508-509-8867
2 Ureco Ter, Worcester, MA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/9
null | 4.95% Cap Rate

2 Ureco Ter
Worcester, MA 01602
Salisbury Street


HIGHLIGHTS

  • 24 Units / 5 Properties
  • 23 of 24 units occupied
  • $4,850,000 / ~$202K Per Unit
  • HUD FMR Upside, 1BR & select studio rents at or below FY2026 FMR
  • $395K Documented CapEx
  • Multiple Nov 2026 Expirations

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

24

PRICE/UNIT

$202,083

CAP RATE

4.95%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RL-7

APN/PARCEL ID

WORC-000011-000018-000018,WORC-000011-000018-000019,WORC-000011-000018-000020,WORC-000011-000018-000021

ASK ABOUT THIS PROPERTY

Michael BarberaRubric Commercial LLCMore Info
508-509-8867

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Michael BarberaRubric Commercial LLCMore Info
508-509-8867

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.