WPI Porfolio
Multifamily | 30 Units | $330,000/unit
Marketing description
Rare 10-building, 30-unit multifamily portfolio on Worcester’s desirable West Side, steps from WPI. Offered at $9,900,000 ($330K/unit, 7.1% cap). Stabilized projected 2026-2027 gross income of $1,065,600 with NOI of $699,282. Portfolio features a mix of 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have been extensively renovated and are in good condition. Student-driven tenant base provides reliable demand, scheduled annual turnover aligned with the academic calendar, and historically near-zero vacancy. Located in Worcester’s most stable and sought-after rental submarket with strong rent growth and consistent off-campus housing demand. Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. Please contact us for us for more information.
Investment highlights
Portfolio - 10 buildings, 30 units (most extensively renovated), 4 with garage parking Location - West Side, Worcester, MA — WPI District Unit Mix - 2BR: 2 | 3BR: 7 | 4BR: 16 | 5BR: 5 (+ 4 garage spaces) Gross Income (2026-2027) - $1,065,600 (stabilized, all units at market rent) Operating Expenses - $366,318 (underwritten, 34.4% ratio) Net Operating Income - $699,282 Asking Price - $9,900,000 Cap Rate - 7.1% Price Per Unit$ 330,000. *Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity*
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