$4,200,000

Estimated payment $25,157/month

Total Views 14,615
44 Beds
15 Baths
15,834 Sq Ft
$265 Price per Sq Ft

Highlights

  • 0.68 Acre Lot
  • 4 Car Garage
  • 4-minute walk to Elm Park
  • Corner Lot

About This Home

Four-building, 12-unit multifamily portfolio in Worcester’s desirable WPI district, offering 44 bedrooms across 15,354 SF and $423,600 in annual gross income. All properties are within walking distance of each other on quiet residential streets near Worcester Polytechnic Institute, supporting strong, consistent student-driven rental demand. Portfolio includes: 188 Park Ave, a 3-unit, 14-bed property with renovated units, modern finishes, and $130,800/year income plus $30,000+ in scheduled rent increases; 26 Lee St, a 3-unit, 12-bed 1893 three-story with detached garage and $114,000/year income; 31 Lee St, a 3-unit, 10-bed Victorian directly across from 26 Lee generating $91,200/year; and 36 Westland St, a 3-unit, 8-bed shingle-style home with detached garage and $87,600/year income. Entire portfolio also available as MLS #73488551 and may be sold in various building combinations.

Listing Agent

Brody Murphy Novak Group

Douglas Elliman Real Estate - Park Plaza Listed on: 04/09/2026

Douglas Elliman Real Estate - Park Plaza

Co-Listing Agent

Steve Novak

Douglas Elliman Real Estate - Park Plaza

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,837

Year Built

  • Built in 1900

Lot Details

  • 29,758 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Garage
  • Driveway
  • 12 Open Parking Spaces
  • Off-Street Parking

Home Design

  • Block Foundation
  • Stone Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 15,834 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 15 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 1773003

Community Details

Overview

  • 12 Units

Building Details

  • Operating Expense $61,056
  • Net Operating Income $332,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,837

Year Built

Built in 1900

Lot Details

0.68 Acres

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 3
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 44
  • Basement YN: No
  • Full Bathrooms: 15
  • Total Bathrooms: 15
  • Above Grade Finished Sq Ft: 15834
  • Living Area: 15834
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN4282

Exterior Features

  • Foundation Details: Concrete Perimeter, Block, Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking Spaces: 4
  • Garage YN: Yes
  • Open Parking Spaces: 12
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 16

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 1773003
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.68
  • Lot Size Sq Ft: 29758
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 32837

Multi Family

  • Net Operating Income: 332544
  • Number Of Units Total: 12
  • Operating Expense: 61056
  • Total Actual Rent: 32767
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,659 $656,500 $118,300 $538,200
2024 $8,455 $614,900 $118,300 $496,600
2023 $7,828 $545,900 $102,900 $443,000
2022 $7,039 $462,800 $82,300 $380,500
2021 $6,131 $376,600 $65,900 $310,700
2020 $5,506 $323,900 $65,900 $258,000
2019 $5,711 $317,300 $59,300 $258,000
2018 $5,800 $306,700 $59,300 $247,400
2017 $5,503 $286,300 $59,300 $227,000
2016 $5,357 $259,900 $43,400 $216,500
2015 $5,216 $259,900 $43,400 $216,500
2014 $5,088 $260,400 $43,400 $217,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2026 04/09/26 For Sale $4,200,000 -- $265 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Not Resolvable $464,000 None Available
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $348,000 New Conventional
Previous Owner $225,300 Purchase Money Mortgage
Previous Owner $230,000 Purchase Money Mortgage
Previous Owner $40,000 No Value Available
Previous Owner $240,000 No Value Available
Previous Owner $128,200 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Brody Murphy Novak Group

Douglas Elliman Real Estate - Park Plaza

(508) 290-8251

Section Image

The Brody Murphy Novak Group (BMN Boston) stands among the upper echelon of Boston's luxury real estate teams, combining unparalleled market knowledge with personalized service. Ranked as a Top 3 small team at Douglas Elliman and recognized as the #1 small team in 2024 and 2025, BMN Boston brings together over 25 years of combined experience and more than $700 million in sales volume. The team's success stems from their unique ability to blend sophisticated market analysis with genuine client

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73499072

MLS Property Information Network (MLS PIN)

APN: WORC-000011-000006-000008

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