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Multifamily

Gates Street Apartments

13 Gates St, Worcester, MA 01610

Listing Price: $1,175,000

Cap Rate
6.00%
Number of Units
10
Occupancy
97.0%
Price/Unit
$117,500
Price/Gross SF
$124.43
Gross SF
9,443

Investment Overview

Marcus & Millichap is pleased to present the Gates Street Apartments located in Worcester, MA. The property is roughly .34 acres and improved with a 10-unit apartment building, featuring five one-bedrooms and five studio apartments. The building is located across the street from Clark University and centrally located among area amenities and local WRTA bus transit. Buyers have ability to acquire a rare-to-market, fully-occupied asset with significant upside centrally located in Worcester, MA.

Investment Highlights

  • 10-unit apartment building located off Main Street near Clark University on Gates Street in Worcester, MA
  • The .34 acre lot is improved with five one-bedrooms and five studio apartments
  • Off street parking is available for tenants along with local bus transit on Main Street in and around Worcester
  • Historically fully occupied with ability to increase rents to limited rates

Exclusively Listed By

Financing By

Multifamily

Gates Street Apartments

Listing Price: $1,175,000

Cap Rate
6.00%
Number of Units
10
Occupancy
97.0%
Price/Unit
$117,500
Price/Gross SF
$124.43
Gross SF
9,443

Investment Highlights

  • 10-unit apartment building located off Main Street near Clark University on Gates Street in Worcester, MA
  • The .34 acre lot is improved with five one-bedrooms and five studio apartments
  • Off street parking is available for tenants along with local bus transit on Main Street in and around Worcester
  • Historically fully occupied with ability to increase rents to limited rates

Investment Overview

Marcus & Millichap is pleased to present the Gates Street Apartments located in Worcester, MA. The property is roughly .34 acres and improved with a 10-unit apartment building, featuring five one-bedrooms and five studio apartments. The building is located across the street from Clark University and centrally located among area amenities and local WRTA bus transit. Buyers have ability to acquire a rare-to-market, fully-occupied asset with significant upside centrally located in Worcester, MA.

Exclusively Listed By

Financing By

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