Off Market
3 Ureco Terrace, Worcester, MA
Worcester · MA 01602
- $4,850,000
- Price
- 43
- Beds
- 25.5
- Baths
- 26656
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1910
Units:
24 Units
Lot size:
1 Acre Lot
Price per square foot:
$182 / Sq.Ft
Parking:
30 Off Street Spaces
About this home
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).
Neighborhood & Transit
West Side
3 Ureco Terrace, Worcester · MA 01602
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 118 days
- Listing Price:
- $4,850,000
- Price per Sq.Ft:
- $182
- Tax Assessment:
- $5,187,700 in 2025
- Taxes:
- $5,741 / Monthly
Home Facts
Interior Features
- Bedrooms
- 43
- Full Bathrooms
- 24
- Half Bathrooms
- 3
- Living Area
- 26,656 Sq.Ft
- Broker Disclosure about Living Area
- Total for all buildings. Info deemed reliable but not guaranteed. Buyers and Buyer agents to verify.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 26656
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 43,560 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 30 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Michael Barbera
- Listing office
- BA Property & Lifestyle Advisors
- MLS PIN #
- 73546527
- Disclosure
- OM attached for more detailed information. Information provided is believed to be reliable but is not guaranteed and may be approximate. Buyer and buyer’s agent are advised to perform their own due diligence and independently verify all information.
- Disclosure
- Total for all buildings. Info deemed reliable but not guaranteed. Buyers and Buyer agents to verify.