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188 Park Ave Aka 127 Institute Rd, Worcester, MA

Worcester Multi-Family Get directions

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Unit Information

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

Additional Details
Status: ACT
Type: Multi-Family, Triplex
Zip Code: 01609
Levels: 3
Parking
Garage Capacity: 12
Parking Spaces: 12
Rooms and Dimensions
Total Units: 3
Total Floors: 3
Total Rooms: 20
Has Basement: Yes
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$1,350,000

  • Listing ID: 73558186
  • Bedrooms: 14
  • Full Baths: 5
  • Living Area: 5,140 sqft Convert
  • Lot Size: 6,035 sqft Convert
  • Acres: 0.14

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Luxury Residential Group

Luxury Residential Group

(617) 233-5800

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Brian Allen of Property Investors & Advisors, LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

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