Agent profile image in chat bubble
Agent profile image in chat header

Adam Dow

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

Agent profile image in message

216-228 Park Ave , Worcester, MA 01609
$4,199,000
Est. Payment: $9,331.11/mo
0 Bed
15 Bath
15239 Sqft
Status: Active | Days on site: 9
Get Pre-Qualified
AN8069 - K9502917
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.

House Description

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.

Highlights

Listed by James Kalogeropoulos , 774-696-1810 RE/MAX Partners , 508-635-1600.

Property Type

Commercial Sale

Lot/Acreage
0.91

Year Built

1890

County

Worcester

Listing ID

73573445

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:15
  • Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Roof:Asphalt/Composition Shingles
Principal Interest
$9,331
Taxes
$3,319

Home Price

$4,199,000

Loan Details

30 yrs
%

Down Payment

20%
$839,800
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:
$9,331.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,331.11 $3,318.83 $0.00 $12,649.94
Yearly $111,973.33 $39,826.00 $0.00 $151,799.33
Total $3,359,200.00 $1,194,780.00 $0.00 $4,553,980.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
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.