WPI Porfolio Multi-Family FOR SALE


Worcester, MA - Institute Park
$9,900,000 USD
617-800-9008
, Worcester, MA for Sale
$9,900,000 USD
Multi-Family - FOR SALE
1/76
null | 7.06% Cap Rate

WPI Porfolio
Worcester, MA
Institute Park


HIGHLIGHTS

  • 10 buildings, 30 units (most extensively renovated), 4 with garage parking
  • Extensively Updated & Stabilized
  • WPI Student Housing Demand
  • Predictable Turnover Schedule
  • Built-In Rent Growth

OVERVIEW

Rare 10-building, 30-unit multifamily portfolio in Worcester's desirable West Side, steps from WPI. Offered at $9,900,000 (7.1% cap, $330K/unit). Stabilized 2026-2027 gross income of $1,065,600 with NOI of $699,282. Unit mix includes 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have undergone extensive renovations and are in good condition. Student-driven tenant base provides consistent, scheduled annual turnover aligned with the academic calendar, keeping vacancy near zero. Located on Worcester's West Side — the city's most stable and desirable rental submarket — commanding higher rents than other areas. WPI (5820+ students, US News #82) drives reliable off-campus housing demand. Worcester County multifamily transaction volume hit $710M in 2025 with cap rates compressing to 7.2%. Portfolio available as a single transaction.

ASK ABOUT THIS PROPERTY

Brody Murphy Novak GroupDouglas EllimanMore Info
617-800-9008

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Brody Murphy Novak GroupDouglas EllimanMore Info
617-800-9008

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