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188 Park Ave Aka 127 Institute Rd photo 1
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$1,350,000
$6,000Reward *
188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609Listing ID 73558186

188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609

Active
Time on site: 15 days • Last updated: Aug 7, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
3 Family
Bedrooms
Bedrooms
14
Bathrooms
Bathrooms
5
Square Feet
Square Feet
5,140
Acres
Acres
0.14
Days on Site
Days on Site
15
Year Built
Year Built
1920
Stories
Stories
3

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

Property Information

Property Details

Location

Address
188 Park Ave Aka 127 Institute Rd
County
Worcester
City
Worcester
Zip Code
01609

Interior Features

Beds and Baths

Bedrooms
14
Full Bathrooms
5

Building

Building Information

Square Feet
5,140
Year Built
1920
Stories
3
Foundation
Irregular

Property Taxes

Tax Annual Amount
$12,859
Tax Year
2026
Property Investors & Advisors, LLC, (774) 413-0272

Market Report for 01609

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MLS Property Information Network, Inc.
MLS Property Information Network, Inc. logo

Based on information submitted to the MLS GRID as of 18 Aug 2026, 07:39 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

K8000195