Cheryl Raymond - Andrew Abu Inc Realtors Logo
$1,499,000
 $8,047 est/mo Sourced by Back At You

28 Sever St,Worcester, MA 01609

Worcester, MA 01609

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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.

Details

MLS #73565816
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1920
Days On Site36
Listing Provided ByProperty Investors & Advisors, LLC | Brian Allen

Features

Bed(s)18
Bath(s) 8 Total
SQ Feet5,596
Story(s)5
Units7
ZoningRL-7
Acreage0.19

Interior

Rooms Total29
Fireplaces Total5
Fireplace Yes / NoYes

Exterior

Foundation DetailsIrregular
Lot FeaturesOther

Parking

Garage Yes / NoNo
Parking FeaturesOff Street

Utilities

SewerPublic Sewer

Taxes

Tax Annual Amount11205
Tax Assessed Value849500
Tax Year2025

Location

Senior Community Yes / NoNo

Area Information

StateMA
CountyWorcester
CityWorcester
Zip Code01609
AreaWorcester
Listing VS Median (in 01609)
Price:
$1,499,000
low | high
Med:
$515,000
100% of Average
sqft:
5,596
low | high
Med:
3,031
95.836311651179% of Average
$ / sqft:
$268
low | high
Med:
$170
86.569612338062% of Average
On site:
36
low | high
Med:
2537
2% of Average
Sourced by Back At You

Market Activity 01609

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Learn More About This Property

Cheryl Raymond

Cheryl Raymond

Andrew Abu Inc

9074195 (508) 246-9143cheryl@andrewabu.com
StateMA
CountyWorcester
CityWorcester
Zip Code01609
AreaWorcester
Listing VS Median (in 01609)
Price:
$1,499,000
low | high
Med:
$515,000
100% of Average
sqft:
5,596
low | high
Med:
3,031
95.836311651179% of Average
$ / sqft:
$268
low | high
Med:
$170
86.569612338062% of Average
On site:
36
low | high
Med:
2537
2% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.124M - $1.873M
sqft: 4,000 - 6,500
Nearby Listings Property ImageNearby Listings Details
6 Pelham Street Property Photo 1
$1,200,000
6 Pelham Street
Worcester, MA 01609
8 Pelham St Property Photo 1
$850,000
8 Pelham St
Worcester, MA 01609
Listing Updated: September 4, 2026 at 9:43:37 AM PDT