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59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609
59 Dover Street Worcester MA 01609

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3-building, 9-unit multifamily bundle in Worcester's WPI District. 59 Dover St (3BR/3BR/3BR + garage, 3,004 SF), 172 Russell St (5BR/5BR/5BR, 4,712 SF), 176 Russell St (4BR/4BR/4BR, 3,972 SF). Combined 11,688 SF, built 1905-1915. Stabilized gross income $333,000/yr with $12,600 in scheduled increases. All units leased at market rent with near-zero vacancy driven by WPI student demand - 5,800+ students, only first-years guaranteed housing. 172 & 176 Russell are adjacent, offering management efficiencies. 172 Russell is the highest-income property at $136,800/yr. Most units extensively renovated with updated kitchens and modern finishes. Part of a larger 10-building, 30-unit WPI District Portfolio - remaining buildings also available individually or in additional bundles. Worcester County multifamily volume hit $710M in 2025 (3x 2024). Sellers are open to offers for the entire portfolio or individual groupings/buildings, creating a flexible acquisition opportunity. See MLS# 7348855

Property Details of 59 Dover Street, WPI

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Listed by Brody Murphy Novak Group of Douglas Elliman Real Estate - Park Plaza

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