28 Sever St, Worcester MA 01609
Worcester, MA 01609
$1,499,000
Est. $8,714/month
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About this home
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 19, 2026
$1,499,000
Original listing
Agent: Brian Allen
Office: Property Investors & Advisors, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/19/2026 | 🏠 Listed for Sale | $1,499,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $11,205 | $849,500 |
Financial Details
Annual Property Tax
$11,205
Tax Year 2025
Assessed Value
$849,500
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1920
Living Area
5,596 sq ft
Lot Size
0.19 acres
Stories
5
Bedrooms
18
Full Baths
7
Half Baths
1
Total Rooms
29
Investment Metrics
Units
7
Unit 1 Rent
$1,500/mo · Y
Unit 2 Rent
$1,500/mo · Y
Unit 3 Rent
$2,100/mo · Y
Unit 4 Rent
$1,700/mo · Y
Total Monthly Rent
$6,800/mo
Gross Income
$171,600
Net Operating Income
$171,600
Operating Expenses
$5,800
Cap Rate
11.45%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
5
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,205
Assessed Value
$849,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Buyer And Buyer Agent To Verify All Information 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. Landlord Pays Heat. 2025 Gas Bill: $5, 800
Exclusions
Tenants Personal Property
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
buyer and buyer agent to verify all information
Documents
None
County
Worcester
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
18
Full Bathrooms
7
Half Bathrooms
1
Living Area
5,596 sq ft
Total Rooms
29
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,596 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Roof:
Foundation:
Irregular
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Off Street
Special Features
Fireplaces:
5
Fireplace Type:
Community Amenities:
Nearby Schools
School District
Worcester School District local
C-
Where Graduates Go
Class of 2021
51%
attend college
35%
4-Year
16%
2-Year
4%
Out of State
4%
Working
School Safety
2024-25
4.1%
Above Average
3.3%
Suspensions
1.7%
In-School
0.8%
Emergency
1.4% below state avg
Elementary Schools
10 schools
D
Elm Park Community School
0.3 mi
|
#779 of 824
|
Score: 30.6
Improved 25 spots from last year
-27.6 below state avg
478 students
Diverse
Rising School
Diverse Student Body
Grades K-06
F
Chandler Elementary Community School
0.4 mi
|
#805 of 824
|
Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students
Diverse
Grades K-06
C-
Woodland Academy
0.6 mi
|
#11 of 12
|
Score: 28.5
Improved 726 spots from last year
-29.7 below state avg
482 students
Moderate
Rising School
Grades K-06
C-
Jacob Hiatt Magnet School
0.7 mi
|
#691 of 824
|
Score: 36.2
Dropped 136 spots from last year
-22 below state avg
367 students
Diverse
Diverse Student Body
Grades PK-06
Summit Academy School for Alternative Learners
0.7 mi
Grades K-12
C-
Midland Street School
0.8 mi
|
#711 of 824
|
Score: 34.6
Dropped 188 spots from last year
-23.6 below state avg
249 students
Diverse
Diverse Student Body
Grades K-06
Venerini Academy
1.1 mi
Grades PK-08
F
City View School
1.1 mi
|
#812 of 824
|
Score: 25.8
Dropped 79 spots from last year
-32.4 below state avg
464 students
Diverse
Diverse Student Body
Grades PK-06
C-
Belmont Street Community School
1.3 mi
|
#720 of 824
|
Score: 34.1
Dropped 111 spots from last year
-24.1 below state avg
615 students
Diverse
Diverse Student Body
Strong Attendance
Grades PK-06
D
Francis J McGrath Elementary School
1.3 mi
|
#784 of 824
|
Score: 29.6
Dropped 143 spots from last year
-28.6 below state avg
200 students
Diverse
Diverse Student Body
Grades PK-06
Middle Schools
6 schools
The Nativity School of Worcester
1.0 mi
Grades 05-08
Worcester SDA School
2.3 mi
Grades 01-08
C+
Forest Grove Middle School
1.4 mi
|
#229 of 352
|
Score: 38.3
Improved 91 spots from last year
-19.9 below state avg
839 students
Diverse
Rising School
Diverse Student Body
Grades 07-08
C-
Worcester East Middle School
1.7 mi
|
#298 of 352
|
Score: 31.5
Improved 55 spots from last year
-26.7 below state avg
731 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
Burncoat Middle School
2.5 mi
|
#233 of 352
|
Score: 37.9
Improved 48 spots from last year
-20.3 below state avg
720 students
Diverse
Rising School
Diverse Student Body
Grades 07-08
B
Sullivan Middle School
3.0 mi
|
#157 of 352
|
Score: 43.9
Improved 28 spots from last year
-14.3 below state avg
940 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
10 schools
B+
Claremont Academy
0.9 mi
|
#9 of 25
|
Score: 38.3
Improved 317 spots from last year
-20 below state avg
474 students
Moderate
10 sports
• 216 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 07-12
Notre Dame Academy
1.4 mi
Grades 07-12
Worcester Academy
1.4 mi
Grades 06-12
C-
University Park Campus School
1.5 mi
|
#290 of 346
|
Score: 41.4
Dropped 13 spots from last year
-16.8 below state avg
233 students
Diverse
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Attendance
Grades 07-12
Worcester Alternative High School
1.6 mi
36 students
Diverse
Grades 07-12
Saint Paul Diocesan Junior/Senior High School
2.2 mi
Grades 07-12
B-
Doherty Memorial High School
0.5 mi
|
#195 of 346
|
Score: 51.8
Improved 26 spots from last year
-6.4 below state avg
1,573 students
Very Diverse
19 sports
• 1,302 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
A+
Massachusetts Academy of Math and Science at WPI
0.9 mi
|
#2 of 346
|
Score: 91.7
Same rank as last year
99 students
Diverse
Strong AP Program
College Ready Curriculum
Strong Attendance
Grades 11-12
C+
Worcester Technical High School
1.9 mi
|
#219 of 346
|
Score: 49.8
Improved 47 spots from last year
-8.4 below state avg
1,442 students
Diverse
19 sports
• 1,016 athletes
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
C-
North High School
2.3 mi
|
#300 of 346
|
Score: 37.9
Improved 27 spots from last year
-20.3 below state avg
1,376 students
Diverse
14 sports
• 498 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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95% Interest
Year 15
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Location
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Neighborhood
28 Sever St, Worcester MA 01609
Worcester, MA 01609
Listing Information
Listing Agent
Brian Allen
Listing Office
Property Investors & Advisors, LLC
Office Phone
774-413-0272
Agent MLS ID
K8000195
Office MLS ID
AN6259
Listing Data Updated
Aug 19, 2026 4:26 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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