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For sale
  • $1,350,000

    188 Park Ave, Worcester, MA 01609

    14beds
    5,140sqft
    : 
    $9,004/mo
    Get pre-qualified
    3 Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $263/sqft
    $-- HOA

    What's special

    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
    8 days
    |
    335
    |
    10
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Brian Allen 508-868-0927,

    Property Investors & Advisors, LLC 774-413-0272

    Source: MLS PIN,MLS#: 73558186

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 14
      • Bathrooms: 5
      • Full bathrooms: 5
      Features
      • Basement: Full
      • Has fireplace: No
      Interior area
      • Total structure area: 5,140
      • Total interior livable area: 5,140 sqft
      • Finished area above ground: 5,140

      Property

      Parking
      • Total spaces: 12
      • Uncovered spaces: 12
      Lot
      • Size: 6,035 Square Feet
      • Features: Corner Lot
      Details
      • Zoning: BL-1

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 3 Family
      Materials
      • Foundation: Irregular
      Condition
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Public Transportation
      Location
      • Region: Worcester

      Financial & listing details

      • Price per square foot: $263/sqft
      • Tax assessed value: $968,300
      • Annual tax amount: $12,859
      • Date on market: 8/3/2026
      • Exclusions: Tenants Personal Property
      • Total actual rent: 10900

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/3/2026Listed for sale$1,350,000$263/sqft
        Source: MLS PIN #73558186 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 01609

        Getting around

        84 / 100
        Very Walkable
        37 / 100
        Some Transit
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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