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).
Pricing and availability subject to change.
Amenities
| Parking Spaces |
30
|
| Parking |
Paved Drive
|
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior
| Fireplace |
No
|
| # of Stories |
3
|
| Stories |
3
|
| Has Basement |
Yes
|
| Basement |
Full
|
Exterior
| Lot Description |
Other
|
| Foundation |
Stone
|
