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
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 10, 2026
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Source: MLSPin #73496378
Listing Facts
TypeMulti-family
NeighborhoodInstitution Park
Bedrooms36
Bathrooms12
Days on Prevu25
Taxes$26,363/year
Size12,428 sqft
Price per sqft$266
Amenities
Parking
Location
Mortgage Calculator
Listing History
04/06/2026
Listed by Douglas Elliman Real Estate - Park Plaza
$3,300,000
Property Details for 59 Dover St
Exterior
Construction
Number Of Units Total: 9
Stories: 5
Stories Total: 5
Year Built: 1905
Year Built Details: Actual
Measurements
Building Area Total: 12,428
Building Area Units: Square Feet
Lot Size Acres: 0.32
Lot Size Area: 0
Lot Size Square Feet: 13,924
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $333,000.00
Operating Expense: $11,655.00
Taxes
Parcel Number: 1772931
Tax Annual Amount: $26,363.00
Tax Assessed Value: $999,999.00
Tax Year: 2025
Interior
Measurements
Living Area: 12,428
Living Area Source: Owner
Rooms
Bathrooms Full: 12
Bathrooms Total Integer: 12
Bedrooms Total: 36
Rooms Total: 52
Parking
Parking
Covered Spaces: 1
Garage Spaces: 1
Garage: Yes
Open Parking Spaces: 4
Open Parking: Yes
Parking Features: Paved Drive, Off Street
Parking Total: 5
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 36 bedrooms and 12 bathrooms in this multi-family home at 59 Dover St.
Does this multi-family home have parking?
Yes, there is 1 parking space available for 59 Dover St.
What are the annual taxes for 59 Dover St?
Annual taxes for this multi-family home are estimated at $26,363.
How does 59 Dover St compare to other multi-family homes in Institution Park?
This multi-family home is listed 420% above the average price for multi-family homes in Institution Park and has been on the market for 8 less 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 12,428 sqft.
59 Dover St is a 36-bedroom, 12-bath multi-family home for sale in Worcester MA 01609. On Prevu for 25 days at $3,300,000. This home features 12,428 square feet of living space, located in Worcester County. The median listing price for multi-family homes in this area is $634,500. The home offers parking. View other multi-family home listings in Worcester County.
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