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216-228 Park Avenue, Worcester MA 01609

$4,199,000

Estimated $10,127/month Calculator

Multi Family

Total Units:

Price Per Unit: $4,199,000

Total Rent: 0/year

Estimated CAP Rate:

0 Bedrooms

Baths

15239

Total Parking: 0

39,478 (0.91)

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.

This home has been viewed 7 times

Last Checked: September 18th, 2026 at 10:28am (Source: MLS PIN #73573445)

Gross Income: $0

Gross Expenses: $39,826

Net Income Calc: $39,826

Annual Expenses for 216-228 Park Avenue, Worcester MA 01609

Total Gross Expenses (Calculated)$39,826/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax39826

Annual Income & Unit Breakdown for 216-228 Park Avenue, Worcester MA 01609

Total Gross Income (Calculated)$0

General Information for 216-228 Park Avenue, Worcester MA 01609

Listing ID73573445

Property TypeMulti Family / 5+ Family

Price4199000

StyleResidential

CityWorcester

CountyWorcester

Neighborhood(s)

Approximate Living Area Total15239

Approximate Lot Size (Acres)0.91

Total Parking0

Year Built1890

Water

Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRS-7, BO-1

Zoning DetailsLegal Conforming

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 216-228 Park Avenue, Worcester MA 01609

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

ExclusionsThere Is A Generator Hook Up - Generator Is Negotiable. Upstairs W/D Are Also Negotiable.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 216-228 Park Avenue, Worcester MA 01609

Real Estate Taxes39826

Tax Year2026

Assessed Value$0

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 216-228 Park Avenue, Worcester MA 01609

Neighborhood(s)

Area Amenities

Contact Information for 216-228 Park Avenue, Worcester MA 01609

Agent

Name: James Kalogeropoulos

Office

Name: RE/MAX Partners

Phone: 508-635-1600

Payment Calculator

, Interest

Property Taxes 3318.83

Principal & Interest 25872.9

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Partners

James Kalogeropoulos

Agent Phone

Office Phone

(508) 635-1600

Text Agent Call Agent Call Office

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EXIT

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