3 Ureco Terrace Worcester, MA 01602
Newton Square NeighborhoodEstimated payment $32,091/month
About This Home
Rare opportunity to acquire a clustered 24-unit multifamily portfolio in Worcester's highly desirable Newton Square/West Side neighborhood. Five properties — 827 Pleasant St (10 units), 2 Ureco Terrace (9 units), 7–9 Ureco Terrace (2 units), 831 Pleasant St (2 units), and 3 Ureco Terrace (1 unit) — all situated along a single private drive, delivering concentrated operational efficiency unavailable in dispersed portfolios. 95.8% occupied with gross scheduled rent of $475,800/yr and stabilized NOI of $240,197. Average in-place rent of $1,724/month with meaningful near-term upside given the premium Newton Square location and ~$395,000 in recent capital improvements, including a full gut renovation at 9 Ureco Terrace (2025), kitchen/bath upgrade at 2 Ureco Unit 2L (2023), and boiler replacements. Offered at $4,850,000 (~$202K/unit).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $68,892
Year Built
- Built in 1910
Lot Details
- 1 Acre Lot
Home Design
- Stone Foundation
Interior Spaces
- 26,656 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 43 Bedrooms
Parking
- 30 Car Parking Spaces
- Driveway
- 30 Open Parking Spaces
Listing and Financial Details
- Assessor Parcel Number M:11 B:018 L:00019
Community Details
Overview
- 24 Units
Building Details
- Operating Expense $232,986
- Net Operating Income $240,197
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,608 | $425,200 | $117,800 | $307,400 |
| 2024 | $5,490 | $399,300 | $117,800 | $281,500 |
| 2023 | $5,274 | $367,800 | $102,400 | $265,400 |
| 2022 | $4,864 | $319,800 | $81,900 | $237,900 |
| 2021 | $4,783 | $293,800 | $65,500 | $228,300 |
| 2020 | $4,633 | $272,500 | $65,600 | $206,900 |
| 2019 | $4,457 | $247,600 | $59,000 | $188,600 |
| 2018 | $4,429 | $234,200 | $59,000 | $175,200 |
| 2017 | $4,255 | $221,400 | $59,000 | $162,400 |
| 2016 | $4,221 | $204,800 | $42,900 | $161,900 |
| 2015 | $4,110 | $204,800 | $42,900 | $161,900 |
| 2014 | $3,996 | $204,500 | $42,900 | $161,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/08/2026 07/08/26 | For Sale | $4,850,000 | -- | $182 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $194,263 | Misc Company | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $151,750 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,000,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73546527
APN: WORC-000011-000018-000019
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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 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 or leasing 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 or leasing. 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.
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