7 Marston Way, Worcester, MA 01609
9 Multifamily Properties in Worcester, MA
For Sale
Active
- Property Type
-
Multifamily
- Square Feet
- 49,315 SF
Listing Contacts
Christopher Sower
Mary VanNatta
Bruce Lusa
Jonathan Bryant
John Flaherty
Kevin Jones
Property Overview
Cushman & Wakefield is pleased to present the exclusive listing 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 of $19,700,000, equating to 7.0% cap rate on the in-place income.
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 of $19,700,000, equating to 7.0% cap rate on the in-place income.
All available spaces
- Space
- Size
- 4,519 SF
- Space Subtype
- Multifamily
- Space
- Size
- 5,760 SF
- Space Subtype
- Multifamily
- Space
- Merrill Hall
- Size
- 8,001 SF
- Space Subtype
- Multifamily
- Space
- Size
- 5,121 SF
- Space Subtype
- Multifamily
- Space
- Size
- 6,006 SF
- Space Subtype
- Multifamily
- Space
- Size
- 4,714 SF
- Space Subtype
- Multifamily
- Space
- Size
- 4,138 SF
- Space Subtype
- Multifamily
- Space
- Size
- 6,398 SF
- Space Subtype
- Multifamily
- Space
- Size
- 4,658 SF
- Space Subtype
- Multifamily
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].