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172-176 Russell StWorcester, MA 01609

For Sale

$9,900,000

Smart Buyer Rebate $49,500

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. Full Offering Memorandum attached to MLS.

Listed by Steven Novak

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Douglas Elliman Real Estate - Park Plaza

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617-955-2224

Listed by Craig Brody

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Douglas Elliman Real Estate - Park Plaza

Listed by Brody Murphy Novak Group

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Douglas Elliman Real Estate - Park Plaza

Last updated April 06, 2026

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Source: MLSPin #73488551

Listing Facts

  • TypeMulti-family
  • NeighborhoodInstitution Park
  • Bedrooms99
  • Bathrooms36
  • Days on Prevu44
  • Taxes$86,074/year
  • Size9,999 sqft
  • Price per sqft$990

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/18/2026
Listed by Douglas Elliman Real Estate - Park Plaza
$9,900,000

Property Details for 172-176 Russell St

Exterior

Construction

  • Number Of Units Total: 30
  • Stories: 5
  • Stories Total: 5
  • Year Built: 9999
  • Year Built Details: Approximate

Measurements

  • Building Area Total: 9,999
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 2.30
  • Lot Size Area: 2
  • Lot Size Square Feet: 99,999
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $1,065,600.00
  • Operating Expense: $366,318.00

Taxes

  • Tax Annual Amount: $86,074.00
  • Tax Assessed Value: $999,999.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 9,999
  • Living Area Source: Owner

Rooms

  • Bathrooms Full: 36
  • Bathrooms Total Integer: 36
  • Bedrooms Total: 99
  • Rooms Total: 99

Parking

Parking

  • Covered Spaces: 4
  • Garage Spaces: 4
  • Garage: Yes
  • Open Parking Spaces: 18
  • Open Parking: Yes
  • Parking Features: Paved Drive
  • Parking Total: 22

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 99 bedrooms and 36 bathrooms in this multi-family home at 172-176 Russell St.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 172-176 Russell St.

What are the annual taxes for 172-176 Russell St?

Annual taxes for this multi-family home are estimated at $86,074.

How does 172-176 Russell St compare to other multi-family homes in Institution Park?

This multi-family home is listed 1460% above the average price for multi-family homes in Institution Park and has been on the market for 11 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 9,999 sqft.

172-176 Russell St is a 99-bedroom, 36-bath multi-family home for sale in Worcester MA 01609. Listed on Prevu for 44 days at $9,900,000. This property features 9,999 square feet of living space, located in Worcester County. The median listing price for multi-family homes in this area is $634,500. Property amenities include parking. View other multi-family home listings in Worcester County.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.