28 Sever St Worcester, MA 01609
Elm Park NeighborhoodEstimated payment $9,245/month
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,205
Year Built
- Built in 1920
Lot Details
- 8,235 Sq Ft Lot
- Irregular Lot
Interior Spaces
- 5,596 Sq Ft Home
- 5 Fireplaces
- Basement
Bedrooms and Bathrooms
- 18 Bedrooms
Parking
- 6 Open Parking Spaces
- 6 Car Parking Spaces
- Off-Street Parking
Listing and Financial Details
- Assessor Parcel Number M:02 B:046 L:00056,1763624
Community Details
Overview
- 7 Units
- Property has 1 Level
Building Details
- Operating Expense $5,800
- Net Operating Income $171,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $11,205 | $849,500 | $26,300 | $823,200 |
| 2024 | $10,086 | $733,500 | $26,300 | $707,200 |
| 2023 | $9,824 | $685,100 | $16,500 | $668,600 |
| 2022 | $9,118 | $599,500 | $16,500 | $583,000 |
| 2021 | $8,700 | $534,400 | $16,500 | $517,900 |
| 2020 | $7,116 | $418,600 | $16,500 | $402,100 |
| 2019 | $7,175 | $398,600 | $15,800 | $382,800 |
| 2018 | $7,324 | $387,300 | $15,800 | $371,500 |
| 2017 | $7,444 | $387,300 | $15,800 | $371,500 |
| 2016 | $7,758 | $376,400 | $50,400 | $326,000 |
| 2015 | $7,312 | $364,300 | $38,300 | $326,000 |
| 2014 | $7,118 | $364,300 | $38,300 | $326,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2026 08/19/26 | For Sale | $1,499,000 | -- | $268 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $770,000 | None Available | |
| Deed | -- | -- | |
| Deed | $135,000 | -- | |
| Deed | $224,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $672,000 | Purchase Money Mortgage | |
| Previous Owner | $385,000 | Commercial | |
| Closed | $400,000 | Commercial | |
| Closed | $228,500 | Commercial | |
| Closed | $250,000 | Commercial | |
| Closed | $200,000 | Commercial | |
| Closed | $402,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73565816
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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