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Sold for $1,230,000
  • $1,230,000

    188 Park Ave, Worcester, MA 01609

    14beds
    5,140sqft
    3 Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $239/sqft
    $-- Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Brian Allen 508-868-0927,

    Property Investors & Advisors, LLC 774-413-0272

    Bought with:

    Prakash Adhikari

    Century 21 XSELL REALTY

    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: $239/sqft
    • Tax assessed value: $968,300
    • Annual tax amount: $12,859
    • Date on market: 9/8/2026
    • Exclusions: Tenants Personal Property
    • Total actual rent: 10900

    Price history

    DateEventPrice
    9/25/2026Sold$1,230,000-8.9%$239/sqft
    Source: MLS PIN #73558186 Report a problem
    8/24/2026Pending sale$1,350,000$263/sqft
    Source: MLS PIN #73558186 Report a problem
    8/3/2026Listed for sale$1,350,000$263/sqft
    Source: MLS PIN #73558186 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 01609

    Nearby schools

    GreatSchools rating
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