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Open Sat 1PM-2PM
188 Park Ave Aka 127 Institute Rd Worcester, MA 01609
14 Beds
5 Baths
5,140 SqFt
Open House
Sat Aug 08, 1:00pm - 2:00pm
Sun Aug 09, 1:30pm - 2:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,140 sqft
Price per Sqft $262
MLS Listing ID 73558186
Bedrooms 14
Full Baths 5
Year Built 1920
Annual Tax Amount $12,859
Tax Year 2026
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type 3 Family
Property Description
Exceptional Investment Opportunity in the Heart of the WPI Student Rental Market! Fully renovated 14-bedroom, 5-bath three-decker offering outstanding cash flow and long-term stability. This property underwent a complete, high-end renovation in 2025 with all work professionally permitted and inspected. Major improvements include brand-new kitchens with granite counters, beautifully tiled bathrooms, new flooring throughout, all-new plumbing, electrical and gas heating systems, new water heaters, and a complete fire sprinkler system, coin Op laundry system, along with numerous additional upgrades.The property is fully leased to WPI students through Summer 2027, providing immediate, predictable rental income. Situated in one of Worcester's most sought-after student housing locations, this turnkey investment also features a large paved parking lot with ample off-street parking—a highly desirable amenity for students.
Location
State MA
County Worcester
Zoning BL-1
Direction Park and Institute. AKA 127 Institute RD
Rooms
Basement Full
Exterior
Community Features Public Transportation
Total Parking Spaces 12
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Irregular
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Property Investors & Advisors, LLC