188 Park Ave Aka 127 Institute Rd Worcester, MA $ 1,350,000
188 Park Ave Aka 127 Institute Rd
$ 1,350,000
Recently Listed
Open House 8/8 1pm - 2pm
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188 Park Ave Aka 127 Institute Rd

Worcester, MA, 01609
$ 1,350,000
Bedrooms14 Baths5.0 Sq 5,140

Monthly Estimate*

$ 8,524

188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609 - Image 1
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609 - Image 2
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188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609 - Image 9
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609 - Image 10

Multi-Family Home for sale in Worcester, MA

for $1,350,000 with 14 bedrooms and 5 full baths. This 5,140 square foot home was built in 1920 on a lot size of 0.14.

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

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Open House

8/8/2026 1:00 PM - 2:00 PM
8/9/2026 1:30 PM - 2:30 PM
188 Park Ave Aka 127 Institute Rd Worcester, MA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 1,350,000

Bedrooms

14

Full Bath

5

Property Type

Multi-Family

Taxes

$ 12,859

Style

3 Family

Lot Size

0.14

Year Built

1920

Town/City

Worcester

County/Region

Worcester

MLS | Web ID

73558186

List By
Brian Allen

Listing Agent

Property Investors & Advisors, Llc

Broker

Affordability Calculator

$9,596
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,524
Monthly Property Taxes
$1,072
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
8/3/2026$1,350,000 Listed Price

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188 Park Ave Aka 127 Institute Rd, Worcester, MA, 01609 is a Multi-Family Home for sale at $1,350,000 with 5,140 sqft and a lot size of 0.14. 188 Park Ave Aka 127 Institute Rd has 14 bedrooms, 5.0 baths, and was built in 1920. The property's zip code is 01609 which is in Worcester, MA