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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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188 Park Ave Aka 127 Institute Rd , Worcester, MA 01609
$1,350,000
Est. Payment: $3,000.00/mo
14 Bed
5 Bath
5140 Sqft
Status: Under Agreement | Days on site: 40
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AN6259 - K8000195
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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
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Highlights

Listed by Brian Allen , 508-868-0927 Property Investors & Advisors, LLC , 774-413-0272.

Property Type

Multi-Family
Lot/Acreage
0.14

Year Built

1920

County

Worcester

Listing ID

73558186

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:14
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:12
Zoning:BL-1
Sewer:Public Sewer
Parking Features:Parking Spaces: 12
Principal Interest
$3,000
Taxes
$1,072

Home Price

$1,350,000

Loan Details

30 yrs
%

Down Payment

20%
$270,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,000.00 $1,071.59 $0.00 $4,071.59
Yearly $36,000.00 $12,859.02 $0.00 $48,859.02
Total $1,080,000.00 $385,770.60 $0.00 $1,465,770.60

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Worcester, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.