188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
See all 8 photos
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
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
EXp Realty

EXp Realty

+1(833) 303-0610
$ 1,350,000
Est. payment /mo
Save
Open Sat 1PM-2PM

188 Park Ave Aka 127 Institute Rd Worcester, MA 01609

14 Beds

5 Baths

5,140 SqFt

Open House

Sat Aug 08, 1:00pm - 2:00pm

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

UPDATED:

Key Details

Property Type Other Types

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.

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

Nearby Locations

EXp Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(833) 303-0610

chime@exprealty.net

United States

GET MORE INFORMATION

Name
Phone*
Message
By checking this box, and clicking “SUBMIT,” I am confirming that I have read and agree to this website’s Privacy Policy and Terms of Service and I am providing my electronic signature and consent to receive marketing communications (about real estate brokerage services, and one or more properties that I may buy, sell, or rent), that may be delivered to me via email, telephone call and/or text messaging (using “automated technology” such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate agents, and/or its affiliates at the telephone number and email address I provided. Message frequency varies and message and data rates may apply. Consent is not a condition of purchase. You may opt-out at any time by replying “STOP” to a text or “HELP” for assistance or unsubscribing via email. You may call to obtain direct assistance.

Go tour this home

188 Park Ave Aka 127 Institute Rd