617-816-5257
5 Suburban Rd, Worcester, MA for Sale
Apartments - FOR SALE
1/31
null | Request Cap Rate

5 Suburban Rd
Worcester, MA 01602
Salisbury Street


HIGHLIGHTS

  • Transit Oriented Community
  • Excellent Employment Access
  • Rapidly Expanding Life Science, Research, & Industrial Hub
  • Wide Array of Amenities
  • 100% Market-Rate Asset with Value-Add Opportunity

OVERVIEW

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire ReNew Worcester, an 8-story, 100% market rate, 92-unit apartment building located in Worcester, Massachusetts. Built in 1965, ReNew Worcester boasts an attractive mix of one- and two-bedroom units with oversized floorplans (1 BDs – 1000 SF / 2 BDs – 1500 SF), ample off-street garage and surface parking, and immediate proximity to major employers, medical hubs, and higher education institutions —key drivers of Worcester’s growing renter population. Though the property has been meticulously managed and maintained since its original construction, there is a substantial opportunity to increase rents through in-unit and common area renovations and upgrades. Ideally situated in the highly sought-after West Side of Worcester, ReNew Worcester offers residents suburban charm with urban conveniences, including walkability to retail, parks, and public transit. The Property neighbors both Worcester Polytechnical Institute (WPI) and the newly constructed Doherty Memorial High School. Residents can easily reach local employment opportunities as well as those in Boston and surrounding suburbs via the MBTA Commuter Rail, I-90 (Mass Pike), I-190, and I-120.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

92

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renew Worcester

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

1965

PARKING SPACES

116

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

RG-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris SowerCushman & WakefieldMore Info
617-816-5257

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Chris SowerCushman & WakefieldMore Info
617-816-5257

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