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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

Listed Sep 8, 2026

Updated 7h ago

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.

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 3:15 AM UTC, 9/18/2026

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