28 Sever StWorcester, MA 01609
Worcester County
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
- 36
- 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
Worcester Market Statistics
How this home compares to 366 active listings in Worcester, MA
| Worcester median | This listing | |
|---|---|---|
| Median listing price | $518,182 | $1,499,000 |
| Median days on market | 35 | 36 |
| Median Sq Ft | 1,889 | 5,596 |
| Median price / Sq Ft | $276 | $268 |
Market statistics compiled from active EXIT Realty® and MLS listings in Worcester, MA.
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