188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
10
See all 10 photos
$1,350,000
Est. payment /mo
Save
14 Beds
5 Baths
5,140 SqFt
Open Sun 1:30PM-2:30PM

188 Park Ave Aka 127 Institute Rd Worcester, MA 01609

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Molly Smith

Molly Smith

+1(508) 980-9042

Open House

Sat Aug 08, 1:00pm - 2:00pm

Sun Aug 09, 1:30pm - 2:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,140 sqft

Price per Sqft $262

MLS Listing ID 73558186

Bedrooms 14

Full Baths 5

Year Built 1920

Annual Tax Amount $12,859

Tax Year 2026

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type 3 Family

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. Additional spacious former basement apartment offers great potential value add possibilities

Location

State MA

County Worcester

Zoning BL-1

Direction Park and Institute. AKA 127 Institute RD

Rooms

Basement Full

Exterior

Community Features Public Transportation

Total Parking Spaces 12

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Irregular

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Property Investors & Advisors, LLC

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Molly Smith

Molly Smith

Agent

+1(508) 980-9042

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Molly Smith, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

188 Park Ave Aka 127 Institute Rd

QUICK SEARCH
There are 27 quick searches