188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
10
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$1,350,000
Est. payment /mo
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14 Beds
5 Baths
5,140 SqFt
Open Sun 1:30PM-2:30PM

188 Park Ave Aka 127 Institute Rd Worcester, MA 01609

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Eric Coury

Eric Coury

Keller Williams Elite

+1(508) 838-6956

Open House

Sun Aug 09, 1:30pm - 2:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,140 sqft

Price per Sqft $262

MLS Listing ID 73558186

Bedrooms 14

Full Baths 5

Year Built 1920

Annual Tax Amount $12,859

Tax Year 2026

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type 3 Family

Property Description

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

Location

State MA

County Worcester

Zoning BL-1

Direction Park and Institute. AKA 127 Institute RD

Rooms

Basement Full

Exterior

Community Features Public Transportation

Total Parking Spaces 12

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Irregular

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Property Investors & Advisors, LLC
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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Keller Williams Elite, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

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Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

tricia@triciacoury.com

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Eric Coury

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188 Park Ave Aka 127 Institute Rd

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Keller Williams Elite, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.