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15 Baths
15,239 sqft

$4,199,000

216-228 Park Avenue, Worcester MA, 01609

Price per sqft$275.54
Built in1890
Property size15,239 sqft
Property typeCommercial

Overview

Active

New

Listed Sep 8, 2026

Updated 7 days ago

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.

Additional information

MLS® ID
73573445

Interior Features

Bathrooms
15
Basement
No

Exterior Features

Lot Size
0.91 Acres

Other Property Details

Taxes
$39,826
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by James Kalogeropoulos with RE/MAX Partners

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Data last updated 10:28 PM UTC, 9/9/2026

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