Date
Details
Price
Change
Source
8/03/2026
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,350,000 Just Listed
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Join us at 188 Park Ave Aka 127 Institute Rd on:
- Open House: 1:30 PM - 2:30 PM
Sunday 8/9 1:30 PM - 2:30 PM
188 Park Ave Aka 127 Institute Rd,Worcester, MA 01609188 Park Ave Aka 127 Institute RdWorcesterMA01609
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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.
Full Property Details
Full Property Details for 188 Park Ave Aka 127 Institute Rd
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General
- Price: $1,350,000
- Taxes: $12,859 (2026)
- Status: Active
- Type: Multi-Family
- MLS ID: 73558186
- Updated: 8/3/2026
- Added to Site: 2 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 14
Location
- County: Worcester
Structural Information
- Basement: Yes
- Stories/Levels: 3
- Square Feet: 5,140
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.14
Financial Considerations
- Tax Amount: $12,859.02
- Tax Year: 2026
Disclosures and Reports
- Exclusions: Tenants Personal Property
- Disclosures/Rstr.: Buyer and buyer agents to verify all information
Listed by Property Investors & Advisors, LLC, Brian Allen
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Listing agent
— 188 Park Ave Aka 127 Institute Rd —
Brian Allen
Property Investors & Advisors, LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 188 Park Ave Aka 127 Institute Rd
School District:Worcester School District
| Name | Grades | Distance |
|---|---|---|
Jacob Hiatt Magnet School 772 Main Street, Worcester, MA 01610 | PK-6 | 1.1 mi |
Flagg Street School 115 Flagg Street, Worcester, MA 01602 | K-6 | 1.2 mi |
Chandler Magnet School 525 Chandler Street, Worcester, MA 01602 | PK-6 | 1.5 mi |
Forest Grove Middle School 495 Grove Street, Worcester, MA 01605 | 7-8 | 1.1 mi |
University Pk Campus School 12 Freeland Street, Worcester, MA 01603 | 7-12 | 1.9 mi |
Doherty Memorial High School 299 Highland Street, Worcester, MA 01602 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 188 Park Ave Aka 127 Institute Rd
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Estimate the Cost for 188 Park Ave Aka 127 Institute Rd
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- Multi-Family
- Active
- Updated 16 hours ago
- 5Units
- 13Total Beds
- 0.21Acres
- Multi-Family
- Active
- Updated 18 hours ago
- 2Units
- 11Total Beds
- 0.41Acres
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- Single Family
- Active
- Updated 22 hours ago
- 3Beds
- 2Total Baths
- 1,737Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,134Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 4Total Baths
- 4,816Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 3Total Baths
- 2,873Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,539Sq. Ft.
Listed by Mike DeLuca (978) 973-2702
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 6Total Baths
- 6,080Sq. Ft.
Listed by Eliana Jahnke (774) 386-4541
- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 4Total Baths
- 2,880Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,833Sq. Ft.
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188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609 (MLS# 73558186) is a Multi-Family property with 3 units containing 14 bedrooms and 5 full bathrooms. 188 Park Ave Aka 127 Institute Rd is currently listed for $1,350,000 and was received on August 03, 2026. Want to learn more about 188 Park Ave Aka 127 Institute Rd? Do you have questions about finding other Multi-Family real estate for sale in Worcester? You can browse all Worcester real estate or contact a Coldwell Banker agent to request more information.