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An exceptional opportunity to acquire a four-property investment portfolio at the highly visible corner of Highland Street and Park Avenue in Worcester. The portfolio consists of two rooming houses, a three-family building, and a single-family residence, providing multiple income streams and strong, consistent cash flow. The buildings have benefited from extensive updates, improvements, and renovations, including new roofs, siding, windows, central heating and air conditioning, and numerous cosmetic upgrades. The portfolio also features a stabilized rent roll, tenants at will, extensive street frontage, and ample off-street parking. The single-family residence is currently undergoing additional cosmetic improvements, which are expected to be completed prior to closing. Beyond the existing income, current zoning may offer the potential to develop an additional six-unit building, subject to buyer due diligence and all required city approvals. This is a truly hard-to-replicate location, just minutes from Elm Park, WPI, MCPHS University, downtown Worcester, and I-290. With reliable income in place, substantial improvements already completed, and meaningful potential for future growth, this portfolio presents an exciting opportunity for an experienced investor seeking a significant position in one of Worcester's most desirable and active neighborhoods. Portfolio sale only. Financial information through 2026 is available to qualified buyers.

More Info

Basic Information

  • Gross Income $192,186
  • Mls StatusNew

Tax Information

  • Tax Year 2026
  • Taxes$39,826

Rooms

  • Bathroom15

Basic Information

  • List Price$4,199,000
  • MLS Number73573445
  • Modification Date09/08/2026

Location

  • Address216-228 Park Avenue
  • Building Number216-228
  • CountyWorcester
  • StateMA
  • StreetPark Avenue
  • TownWorcester
  • Zip01609

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available, 220 Volts
  • Year Built1890

Property

  • Acreage0.91

Exterior

  • RoofAsphalt/Composition Shingles

Property Information

  • Living Area 15,239
  • Lot Size Square Feet 39,478
  • Lot Size Units Acres
  • Square Feet15,239

Other

  • Date Listed09/08/2026
  • Farm Land Area Units Square Feet

Map Location

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Listed by James Kalogeropoulos of RE/MAX Partners

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