About 188 Park Ave Aka 127 Institute Rd
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
Pricing and availability subject to change.
Amenities
| Parking Spaces |
12
|
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior
| Fireplace |
No
|
| # of Stories |
3
|
| Stories |
3
|
| Has Basement |
Yes
|
| Basement |
Full
|
Exterior
| Lot Description |
Corner Lot
|
| Foundation |
Irregular
|
