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28 Sever StWorcester, MA 01609

Worcester County

$1,499,000List price
18Beds
7.5Baths
5,596Sq Ft
1920Year built
0.19Acre lot
5Stories
5 weeks agoOn market

Description

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, 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.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1920
Stories
5
Living area
5,596 Sq Ft
Lot size
0.19 acres
Parking spaces
6
Zoning
RL-7
Days on market
35
MLS® Listing#
73565816

Property Features

Parking
Off Street
Lot features
Other
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$11,205Tax year 2025
Assessed value
$849,500
Parcel number
M:02 B:046 L:00056,1763624

Directions

Off Elm street By WPI

Listing Courtesy: Property Investors & Advisors, LLC - 7744130272

Presented by: Brian Allen

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.

Worcester Market Statistics

How this home compares to 355 active listings in Worcester, MA

Worcester medianThis listing
Median listing price$517,054$1,499,000
Median days on market3535
Median Sq Ft1,8885,596
Median price / Sq Ft$275$268

Market statistics compiled from active EXIT Realty® and MLS listings in Worcester, MA.

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