www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31579320
31579321

4 Locations

$4,200,000
74 days on market
Updated 74 days ago

26 Lee Street

Details
Property Type Multifamily
Square Footage 15,834
Cap Rate 7.00%
NOI $332,544
Occupancy 100%
Pro-Forma Cap Rate 7.00%
Pro-Forma NOI $100
Zoning RL-7
Investment Type Stabilized

About This Property

Marketing description

Four-building, 12-unit multifamily portfolio in Worcester’s desirable WPI district, offering 44 bedrooms across 15,354 SF and $423,600 in annual gross income. All properties are within walking distance of each other on quiet residential streets near Worcester Polytechnic Institute, supporting strong, consistent student-driven rental demand. Portfolio includes: 188 Park Ave, a 3-unit, 14-bed property with renovated units, modern finishes, and $130,800/year income plus $30,000+ in scheduled rent increases; 26 Lee St, a 3-unit, 12-bed 1893 three-story with detached garage and $114,000/year income; 31 Lee St, a 3-unit, 10-bed Victorian directly across from 26 Lee generating $91,200/year; and 36 Westland St, a 3-unit, 8-bed shingle-style home with detached garage and $87,600/year income. Entire portfolio can be viewed at https://bmnboston.com/wpi-portfolio and may be sold in various building combinations.

Investment highlights

Entire portfolio can be viewed at https://bmnboston.com/wpi-portfolio and may be sold in various building combinations.

Listing Contacts

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$332,544.00
$27,712.00/mo

Valuation Metrics

0
DSCR
7.92%
Cap Rate
7.92%
ROI

Map

Zoning

Intelligence Badge
RS-7 ResidentialSingle FamilySingle Family Residential 7000 Square Feet Minimum Lot Size
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 106 uses
View all 106 uses
Last updated Apr 16, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591