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Claudia Lavin

I'm Claudia Lavin Rodriguez, a Lexington, MA real estate agent helping first-time buyers, young professionals and families across Greater Boston — from first search to keys.

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Contact

  • 7 Langley Road, Newton, MA, 02459
  • (603) 320-2906
  • claudialavin.re@gmail.com

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Luxury Realty Partners

© 2026 Claudia Lavin. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609
Active
14 Days on market
188 Park Ave Aka 127 Institute Rd Worcester — Photo 1 of 10

188 Park Ave Aka 127 Institute Rd Worcester — Photo 1 of 10

$1,350,000

188 Park Ave Aka 127 Institute Rd, Worcester, MA 01609

Worcester, MA 01609

Beds

14

Baths

5

SqFt

5,140

Style

3 Family

Built

1920

Exceptional Investment Opportunity in the Heart of the WPI Student Rental Market! Fully renovated 14-bedroom, 5-bath three-decker offering outstanding cash flow and long-term stability. This property underwent a complete, high-end renovation in 2025 with all work professionally permitted and inspected. Major improvements include brand-new kitchens with granite counters, beautifully tiled bathrooms, new flooring throughout, all-new plumbing, electrical and gas heating systems, new water heaters, and a complete fire sprinkler system, coin Op laundry system, along with numerous additional upgrades.The property is fully leased to WPI students through Summer 2027, providing immediate, predictable rental income. Situated in one of Worcester's most sought-after student housing locations, this turnkey investment also features a large paved parking lot with ample off-street parking—a highly desirable amenity for students. Additional spacious former basement apartment offers great potential value add possibilities

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$263/sqft
Local Avg (Worcester)$212/sqft
24% AboveMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Worcester, MA.

Property Details

Financials

Original Price$1,350,000
Annual Taxes$12,859.02

Parking

Garage0
Off-Street12

Interior Specifications

Total Rooms20
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationIrregular
ZoningBL-1

Property & Lot

Acres0.14
SqFt Lot6,035
Lot FeaturesCorner Lot

Neighborhood

Public Transportation

Geography

Population

22,047

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$68K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

59.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Full Worcester, MA market report ZIP 01609 market data
Listing Provided By

Listing Agent: Brian Allen

Listing Office: Property Investors & Advisors, LLC

MLS® Number: 73558186

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