Sold
188 Park Ave, Worcester, MA
Worcester · MA 01609
- $1,230,000
- Price
- 14
- Beds
- 5
- Baths
- 5140
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
3 Units
Lot size:
6,035 Sq.Ft Lot
Price per square foot:
$263 / Sq.Ft
Parking:
12 Off Street Spaces
About this home
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. Additional spacious former basement apartment offers great potential value add possibilities
Neighborhood & Transit
188 Park Ave, Worcester · MA 01609
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 93 days
- Listing Price:
- $1,350,000
- Price per Sq.Ft:
- $263
- Tax Assessment:
- $968,300 in 2026
- Taxes:
- $1,072 / Monthly
Home Facts
Interior Features
- Bedrooms
- 14
- Full Bathrooms
- 5
- Half Bathrooms
- 0
- Living Area
- 5,140 Sq.Ft
- Broker Disclosure about Living Area
- Buyer and Buyer agent to preform due dilligence
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 5140
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 6,035 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 12 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Brian Allen
- Listing office
- Property Investors & Advisors, LLC
- MLS PIN #
- 73558186
- Disclosure
- Buyer and buyer agents to verify all information
- Disclosure
- Buyer and Buyer agent to preform due dilligence