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188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609

Worcester
Local realty services provided by:CENTURY 21 McLennan & Company
188 Park Ave Aka 127 Institute Rd,Worcester, MA 01609
$1,350,000
  • 14 Beds
  • 5 Baths
  • 5,140 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Aug 08
    01:00 pm - 02:00 pm
  • Sun, Aug 09
    01:30 pm - 02:30 pm
Listed by: brian allen
Office: property investors & advisors, llc
MLS#:73558186
Source:MLSPIN

Price summary

  • Price:$1,350,000
  • Price per sq. ft.:$262.65

About this home

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.

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Home facts

  • Year built:1920
  • Listing ID #:73558186
  • Updated:August 04, 2026 at 10:55 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:20
  • Basement Description:Full
  • Living area:5,140 sq. ft.

Structure and exterior

  • Year built:1920
  • Building area:5,140 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Corner Lot
  • Foundation Description:Irregular

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,350,000
  • Price per sq. ft.:$262.65
  • Tax amount:$12,859 (2026)

Parking

  • Total parking spaces:12
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. MLSPIN Member Broker: Janet McLennan

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