MA
Worcester
Worcester
01609
216-228 Park Avenue
216-228 Park Avenue, Worcester, MA 01609
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Listing Type
Commercial/Industrial
Listing Status
Active
42
$4,199,000

Home Details for 216-228 Park Avenue

Price
$4,199,000
Type
Commercial Sale
Total Bathrooms
15
Square feet
15239
Year built
1890
Lot size acres
0.91
County
Worcester
MLS Listing#
73573445
Property Description

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.

Property Features
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: RE/MAX Partners - 508-635-1600
Presented by: James Kalogeropoulos
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EXIT NEW OPTIONS REAL ESTATE
12 Main Street, Leominster, MA 01453
Office
888 363 3948
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