216-228 Park Avenue Worcester, MA ^$ 3,900,000

216-228 Park Avenue

^$ 3,900,000

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216-228 Park Avenue

Worcester, MA, 01609

^$ 3,900,000

Bedrooms-- Baths15.0 Sq 15,239

Monthly Estimate*

^$ 26,936

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Commercial Property for sale in Worcester, MA

for $3,900,000 with 15 full baths. This 15,239 square foot building was built in 1890 on a lot size of 0.91.

An exceptional opportunity to acquire a prominent four-property investment portfolio situated on a 39,478-square-foot site at one of Worcester’s most visible and sought-after corners. The portfolio consists of a 14-room rooming house, a 15-room rooming house, a three-family property with tenants at will and below-market rents, and a fully renovated single-family residence. The offering includes approximately 20 off-street parking spaces and provides multiple income streams with additional upside through rent growth and future asset stabilization. The parking-lot area may also offer the potential to construct a three-story, six-unit building. Preliminary architectural drawings from a similar development are available for reference. With strong visibility, substantial frontage, existing income, and potential redevelopment value, this is a rare opportunity to acquire a significant investment property in a difficult-to-replicate Worcester location. Any future development is subject to buyer due diligence and all required zoning, permitting, and city approvals.

Commercial Active

Price

^$ 3,900,000

Full Bath

Property Type

Commercial

Taxes

^$ 39,826

Style

5+ Residential

Lot Size

0.91

Year Built

1890

Town/City

Worcester

County/Region

Worcester

MLS | Web ID

73573445

List By

James Kalogeropoulos

Listing Agent

Re/Max Partners

Broker

Affordability Calculator

$30,255

Per Month

Monthly Principal & Interest: $26,936
Monthly Property Taxes: $3,319
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% 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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Nearby

Trends

Commerical listings in Worcester, MA

Average List Price ^$1,080,374

Percent of Sale Price 72%

About Worcester, MA

182,809 Population

6% Since 2002

^$47,245 Median Income

36 Median Age

26% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
9/30/2026	$3,900,000	-7.12%	Price Down
9/8/2026	$4,199,000		Listed Price

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216-228 Park Avenue, Worcester, MA, 01609 is a Commercial Property for sale at $3,900,000 with 15,239 sqft and a lot size of 0.91. 216-228 Park Avenue has 15.0 baths and was built in 1890. The property's zip code is 01609 which is in Worcester, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

Data is updated as of 10/31/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

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216-228 Park Avenue

Commercial Property for sale in Worcester, MA

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