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February 5, 2024

Worcester multifamily building sells for $1.25M, more than double its 2015 sale price

Image | Courtesy of Google Maps A six-unit building on Indian Lake in Worcester

A six-unit apartment building on the shore of Indian Lake in Worcester has sold for $1.25 million, five years after it was sold for $720,000.

The sale, which closed on Friday according to Worcester District Registry of Deeds records, puts the value of each unit at $208,333. The property was purchased by Rutter’s Brook LLC, a Maynard-based corporation. 

Rutter’s Brook owns a six-unit rowhouse in Northbridge and a condominium complex in Westborough. 

The property was sold by College Ring Trust, an entity registered in Littleton. College Ring purchased the property for $720,000 in January 2019. 

Before that, the building was last sold in 2015 for $557,450, according to City of Worcester property records. 

The City of Worcester gave the property a tax assessment value of $836,440 in fiscal 2023.

Jim Bartholomew of RW Holmes Realty in Wayland represented the seller in this transaction.

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