188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
- $1,350,000
- 14
- BD
- 5
- BA
- 5,140
- SqFt
Listing courtesy of Listing Agent: Brian Allen from Listing Office: Property Investors & Advisors, LLC.
- List Price
- $1,350,000
- Status
- BACK ON MARKET
- Days on Market
- 1
- MLS#
- 73558186
- Subtype
- Residential Income
- Year Built
- 1920
- Bedrooms
- 14
- Bathrooms
- 5
- Full Baths
- 5
- Living Area
- 5,140
- Lot Size
- 6,035
- Acres
- 0.14
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.
/u.realgeeks.media/manhhomes/header3.png)
Additional Information
- Taxes
- $12,859
- Zoning
- BL-1
- Stories
- 3
- Levels
- 3
- Foundation
- Irregular
Mortgage Calculator
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.