188 Park Ave Aka 127 Institute RoadWorcester, MA 01609MLS Number 73558186

  • Price: $1,350,000
  • Est. Mortgage of $/month
  • 2 Days on Market
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Federal 30-year interest rate: 6.66% last updated on Jul 30, 2026
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188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609188 Park Ave Aka 127 Institute Road Worcester MA 01609
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  • 14Bedrooms
  • 0.14Acreage
  • 5Bathrooms
  • 1920Year Built

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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.

Open Houses

August 8th
Starts: 1:00pm
Ends: 2:00pm
Comments: 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
August 9th
Starts: 1:30pm
Ends: 2:30pm
Comments: 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
Listed by Brian Allen of Property Investors & Advisors,LLC

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More Info

Basic Information

  • Gross Income $130,800
  • Lot Features Corner Lot
  • Mls StatusBack on Market

Location

  • Address188 Park Ave Aka 127 Institute Road
  • Building Number188
  • CountyWorcester
  • StateMA
  • StreetPark Ave Aka 127 Institute Road
  • TownWorcester
  • Zip01609

Property Information

  • Building Area Source Public Records
  • Living Area 5,140
  • Lot Size Square Feet 6,035
  • Lot Size Units Acres
  • Square Feet5,140

Tax Information

  • Tax Assessed Value $968,300
  • Tax Year 2026
  • Taxes$12,859

Basic Information

  • List Price$1,350,000
  • MLS Number73558186
  • Modification Date08/04/2026
  • Property SubType3 Family

Property

  • Acreage0.14

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation
  • Other AmenitiesBasement

Legal

  • ZoningBL-1

Parking

  • Parking Spaces12

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms14
  • Full Bath5

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationIrregular
  • Levels 3
  • Rooms20
  • Stories3
  • Units3
  • Year Built1920
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Other

  • Date Listed08/03/2026
  • Farm Land Area Units Square Feet

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