For Sale

28 Sever St, Worcester, MA

Worcester · MA 01609

$1,499,000
Price
18
Beds
7.5
Baths
5596
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1920
Units: 7 Units
Lot size: 8,235 Sq.Ft Lot
Price per square foot: $268 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

Exceptional WPI Student Housing Investment Opportunity! Massive, fully occupied 7-unit property with monthly income of $14,200 and ideally located within close proximity of WPI and the heart of Worcester’s premier student rental corridor. All seven apartments are leased through Summer 2027, providing immediate, stable cash flow, with six of seven units leased to WPI students. Electricity is separately metered, with tenants responsible for their own electric and internet, helping keep operating expenses low. Recent capital improvements include a new roof with gutter system, new boiler, upgraded electrical service and panels, and extensive interior updates throughout multiple apartments. Additional income is generated by the on-site coin-op laundry. A true turnkey investment offering strong tenant demand, long-term income stability, and an exceptional location just minutes from WPI, restaurants, shopping, and all downtown Worcester can offer. Rare opportunity to acquire a fully leased, student-focused asset with near-term income security. apt 1: 2bd 1 ba: $1500 apt 2: 2bd 1ba: $1500 apt 3: 3bd 1ba: 2100 apt 4: 2bd 1ba: 1700 apt 5: 3bd 1ba :$2100 apt 6: 1bd 1ba: $1400 apt 7: 5 bd 1.5ba: $3900. Owner financing available

Neighborhood & Transit

28 Sever St, 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:
76 days
Listing Price:
$1,499,000
Price per Sq.Ft:
$268
Tax Assessment:
$849,500 in 2025
Taxes:
$934 / Monthly

Home Facts

Interior Features

Bedrooms
18
Full Bathrooms
7
Half Bathrooms
1
Living Area
5,596 Sq.Ft
Broker Disclosure about Living Area
buyer and buyer agent to verify all information
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
5596
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
8,235 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Wood
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 #
73565816
Disclosure
buyer and buyer agent to verify all information apt 1: 2bd 1 ba: $1500 apt 2: 2bd 1ba: $1500 apt 3: 3bd 1ba: 2100 apt 4: 2bd 1ba: 1700 apt 5: 3bd 1ba :$2100 apt 6: 1bd 1ba: $1400 apt 7: 5 bd 1.5ba: $3900. landlord pays heat. 2025 gas bill: $5,800
Disclosure
buyer and buyer agent to verify all information