MA
Worcester
Worcester
01609
59 Dover St
59 Dover St, Worcester, MA 01609
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Listing Type
Multi Family
Listing Status
Active
11
$3,300,000

Home Details for 59 Dover St

Price
$3,300,000
Type
Residential Income
Bedrooms
36
Total Bathrooms
12
Full Bathrooms
12
Square feet
12428
Year built
1905
Lot size acres
0.32
County
Worcester
Total rooms
52
Garage
1
Days on site
1
MLS Listing#
73496378
Property Description

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 Features
  • Parking
    • Paved
    • Off Street
  • Water Features
    • Public
Listing Courtesy: Douglas Elliman Real Estate - Park Plaza - 617-267-3500
Presented by: Brody Murphy Novak Group
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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