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28 Sever St

Worcester, MA 01609
$1,499,000
18 Beds
7/1 Baths
5,596 Living Area
  • Property Description
    Exceptional WPI Student Housing Investment Opportunity! Massive, fully occupied 7-unit property with monthly income of $14,200 and ideally located within close proximity of WPI and the heart of Worcester’s premier student rental corridor. All seven apartments are leased through Summer 2027, providing immediate, stable cash flow, with six of seven units leased to WPI students. Electricity is separately metered, with tenants responsible for their own electric and internet, helping keep operating expenses low. Recent capital improvements include a new roof with gutter system, upgraded electrical service and panels, and extensive interior updates throughout multiple apartments. Additional income is generated by the on-site coin-op laundry. A true turnkey investment offering strong tenant demand, long-term income stability, and an exceptional location just minutes from WPI, restaurants, shopping, and all downtown Worcester can offer. Rare opportunity to acquire a fully leased, student-focused asset with near-term income security. apt 1: 2bd 1 ba: $1500 apt 2: 2bd 1ba: $1500 apt 3: 3bd 1ba: 2100 apt 4: 2bd 1ba: 1700 apt 5: 3bd 1ba :$2100 apt 6: 1bd 1ba: $1400 apt 7: 5 bd 1.5ba: $3900.
  • Highlights
    • Levels: 5
    • Property Class: Residential Income
    • Stories: 5
    • Year Built: 1920
    • Parking Spots: 6
    • Property Type: 5-9 Family
    • Total Rooms: 29
    • Status: Active
  • Additional Details
    • Exclusions: Tenants Personal Property
    • Foundation: Irregular
    • Road Frontage Type: Public
    • Total Number of Units: 7
    • Year Built Source: Public Records
    • Fireplaces: 5
    • Lot Features: Other
    • SqFt Source: Public Record
    • Year Built Details: Renovated Since
    • Zoning: Rl-7
  • Amenities
    • Parking Features: Off Street
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $849,500
    • Taxes: $11,205
    • Tax Year: 2025
    • Total Rent: $14,200

Location

28 Sever St, Worcester, MA 01609

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Property Investors & Advisors, LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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