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49-Unit Multifamily Portfolio Sold In Worcester Massachusetts For $8.5 Million With Jimmy Kalogeropoulos As The Broker

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SOLD
$8,500,000

Massachusetts

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MultiFamily53,206 SF
Sold 02/05/2026
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SOLD

49-Unit Multifamily Portfolio Sold In Worcester Massachusetts For $8.5 Million With Jimmy Kalogeropoulos As The Broker

170 Lovell Street & 50 Heard Street

See Similar Deals
MultiFamily53,206 SF
Sold 02/05/2026
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$159
Total Square Footage:53,206 SF
Transaction Type:Sale

A 49-unit multifamily portfolio located at 170 Lovell Street & 50 Heard Street in Worcester, MA has successfully closed for $8.5 million. The total square footage of the asset is 53,206, leading to a price per unit of $173,469 and a price per square foot of $160.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,500,000
  • Units: 49
  • Square Footage: 53,206
  • Price Per Unit: $173,469
  • Price Per Square Foot: $160
  • Broker: Jimmy Kalogeropoulos - Re/Max

This transaction was notable for its off-market nature, reflecting the effectiveness of established relationships and strategic positioning in the multifamily market. Jimmy Kalogeropoulos represented a longtime owner throughout the closing process, ensuring a smooth transition while collaborating with Chris Panagiotidis of Simple Title and Peter Dawson of Mirick O’Connell, who provided valuable support during the transaction.

Players

James Kalogeropoulos
Re/Max
James Kalogeropoulos
6 deals$22.1M volume(774) 696-1810
BROKER

Details

SOLD
IMAGE: Jimmy Kalogeropoulos DATE: 2/5/2026 ADDRESS: 170 Lovell Street & 50 Heard Street MARKET: Worcester, MA ASSET TYPE: Multifamily BROKER: Jimmy Kalogeropoulos (@JimmyKRE) - Re/Max SALE PRICE: $8,500,000 UNITS: 49 ~ PPU: $173,469 SF: 53,206 ~ PPSF: $160 NOTE FROM BROKER: Successfully closed the off-market sale of a 49-unit multifamily portfolio in Worcester, MA for $8.5 million. This transaction reflects the power of trusted relationships, discretion, and thoughtful positioning in the multifamily market. I was honored to represent a longtime owner whose integrity and approach to business set a high standard, and to steward the process with care from start to finish. Congratulations to the buyer on the acquisition of these 49 units. It was especially meaningful to see this deal come full circle with a longtime client and friend on the buying side as well. Special appreciation to Chris Panagiotidis of Simple Title and Peter Dawson of Mirick O’Connell for their professionalism, expertise, and steady guidance throughout the transaction. Grateful for the trust placed in me on all sides of this deal.

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