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listing
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MultifamilyFor Sale
$19,700,000
53 West Street
Worcester, MA 01609
Courtesy of Cushman & Wakefield - Christopher Sower
MLS Property Information Network
9Beds
9Full9Half Baths
49,315Sq Ft
Est. Mortgage
$101,788/mo

Presenting 53 West Street, part of The Worcester Portfolio located in the coveted Elm Park neighborhood of Worcester, MA. The portfolio, an irreplaceable collection of nine (9) former mansions, is configured for short-term rental and dormitory use. The buildings are 100% leased to a local university through July 2029. The portfolio consists of 262 beds across 122 bedrooms in the 9 buildings, with a mixture of shared and private bathrooms and common facilities. Substantially renovated in 2021/2022, and exceptionally located in the heart of Worcester, the Worcester Portfolio is a rare investment opportunity that offers attractive and secure cash flow and significant long-term upside. The portfolio is offered for sale with an asking price and $19,700,000, equating to 7.0% cap rate on the in-place income.

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Information courtesy of Cushman & Wakefield is subject to verification and is not guaranteed.
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