$1,230,000

$1,350,000 8.9%

Est. payment - /mo

14 Beds

5 Baths

5,140 SqFt

UPDATED:

Key Details

Sold Price $1,230,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,140 sqft

Price per Sqft $239

MLS Listing ID 73558186

Sold Date 09/25/26

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

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Listed by Property Investors & Advisors, LLC
Bought with Prakash Adhikari • Century 21 XSELL REALTY

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Christian Iantosca

+1(617) 543-0501

Principal Broker & Founder License ID: 9086154

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188 Park Ave Aka 127 Institute Rd Worcester, MA 01609