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Active

28 Sever St, Worcester MA 01609

$1,499,000

Estimated $3,364/month Calculator

Multi Family

Total Units: 7

Price Per Unit: $214,142.86

Total Rent: 81600/year

Estimated CAP Rate:

18 Bedrooms

Baths

5596

Total Parking: 6

8,235 (0.19)

Exceptional WPI Student Housing Investment Opportunity! Massive, fully occupied 7-unit property with monthly income of $14,200 and ideally located within close proximity of WPI and the heart of Worcester’s premier student rental corridor. All seven apartments are leased through Summer 2027, providing immediate, stable cash flow, with six of seven units leased to WPI students. Electricity is separately metered, with tenants responsible for their own electric and internet, helping keep operating expenses low. Recent capital improvements include a new roof with gutter system, new boiler, upgraded electrical service and panels, and extensive interior updates throughout multiple apartments. Additional income is generated by the on-site coin-op laundry. A true turnkey investment offering strong tenant demand, long-term income stability, and an exceptional location just minutes from WPI, restaurants, shopping, and all downtown Worcester can offer. Rare opportunity to acquire a fully leased, student-focused asset with near-term income security. apt 1: 2bd 1 ba: $1500 apt 2: 2bd 1ba: $1500 apt 3: 3bd 1ba: 2100 apt 4: 2bd 1ba: 1700 apt 5: 3bd 1ba :$2100 apt 6: 1bd 1ba: $1400 apt 7: 5 bd 1.5ba: $3900.

This home has been viewed 4 times

Last Checked: October 6th, 2026 at 9:23am (Source: MLS PIN #73565816)

Gross Income: $81,600

Gross Expenses: $17,005

Net Income Calc: $64,595

Annual Expenses for 28 Sever St, Worcester MA 01609

Total Gross Expenses (Calculated)$17,005/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11205

Annual Income & Unit Breakdown for 28 Sever St, Worcester MA 01609

Total Gross Income (Calculated)$81,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 28 Sever St, Worcester MA 01609

Listing ID73565816

Property TypeMulti Family / 5+ Family

Price1499000 ($267.87/SqFt)

Style5-9 Family

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total5596

Approximate Lot Size (Acres)0.19

Total Parking6

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRL-7

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 28 Sever St, Worcester MA 01609

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSauna And Basement Fridge

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

For Sale By OwnerEntry Only

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 28 Sever St, Worcester MA 01609

Real Estate Taxes11205

Tax Year2025

Assessed Value$849,500

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 28 Sever St, Worcester MA 01609

Neighborhood(s)

Area Amenities

Contact Information for 28 Sever St, Worcester MA 01609

Agent

Name: Brian Allen

Office

Name: Property Investors & Advisors, LLC

Phone: 774-413-0272

Payment Calculator

, Interest

Property Taxes 933.75

Principal & Interest 9236.36

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Property Investors & Advisors, LLC

Brian Allen

Agent Phone

Office Phone

(774) 413-0272

Text Agent Call Agent Call Office

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EXIT

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Active

28 Sever St, Worcester MA 01609

$1,499,000

Annual Expenses for 28 Sever St, Worcester MA 01609

Annual Income & Unit Breakdown for 28 Sever St, Worcester MA 01609

General Information for 28 Sever St, Worcester MA 01609

Disclosures for 28 Sever St, Worcester MA 01609

Financial Information for 28 Sever St, Worcester MA 01609

Location Information for 28 Sever St, Worcester MA 01609

Contact Information for 28 Sever St, Worcester MA 01609

Agent

Office

Payment Calculator

Exclusive Listing Agent

Property Investors & Advisors, LLC

Brian Allen