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Multifamily

Gates Street Apartments

13-15 Gates St, Worcester, MA 01610

Listing Price: $1,500,000

Cap Rate
7.02%
Number of Units
10
GRM
8.33
Occupancy
97.0%
Price/Unit
$150,000
Price/Gross SF
$153.05
Gross SF
9,801

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 10-unit apartment building that is fully-occupied with significant upside, centrally located in
Worcester, MA.

Investment Highlights

  • 10-unit apartment building located next to Clark University in Worcester, Massachusetts.
  • The .34 acre lot is improved with five one-bedrooms and five studio apartments. Currently operated as Section-8 housing with all utilities included.
  • Off street parking is available for tenants along with local bus transit on Main Street in and around Worcester.

Exclusively Listed By

Multifamily

Gates Street Apartments

Listing Price: $1,500,000

Cap Rate
7.02%
Number of Units
10
GRM
8.33
Occupancy
97.0%
Price/Unit
$150,000
Price/Gross SF
$153.05
Gross SF
9,801

Investment Highlights

  • 10-unit apartment building located next to Clark University in Worcester, Massachusetts.
  • The .34 acre lot is improved with five one-bedrooms and five studio apartments. Currently operated as Section-8 housing with all utilities included.
  • Off street parking is available for tenants along with local bus transit on Main Street in and around Worcester.

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 10-unit apartment building that is fully-occupied with significant upside, centrally located in Worcester, MA.

Exclusively Listed By

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