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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.

More Info

Basic Information

  • Gross Income $381,240
  • Mls StatusActive

Tax Information

  • Tax Year 2026
  • Taxes$39,826

Rooms

  • Bathroom15

Basic Information

  • List Price$4,199,000
  • MLS Number73573445
  • Modification Date09/17/2026

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

Legal

  • ZoningRS-7, BO-1
  • Zoning Description Legal Conforming

Other

  • Date Listed09/08/2026
  • Farm Land Area Units Square Feet
  • View Count2

Map Location

Driving Directions

Listed by James Kalogeropoulos of RE/MAX Partners

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