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Active

28 Sever St

Worcester, MA 01609

$1,499,000
18Bedrooms
8Bathrooms
5,596Square feet
1920Year built

Residential Income · Active · MLS #73565816
Listing Courtesy of Property Investors & Advisors, LLC | Brian Allen

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MLS PIN data

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 information

Details at a glance

Interior

Rooms
29
Fireplaces
5

Building

Style
5-9 Family
Year built
1920
Parking
6
Foundation
Irregular

Land & utilities

Lot size
0.19 acres
Water
Public
Sewer
Public Sewer
Zoning
RL-7

Financial

Annual taxes
$11,205
Assessment year
2025

Listing history

Price and status timeline

  1. Exp

    $789,900 · Apr 10, 2006

Property value estimate

An informed starting point

Estimated value$1,574,309

Estimated range $1,483,992$1,664,625

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Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationaverage

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Worcester

MetricThis propertyWorcester
List price$1,499,000$729,000106% above local
Price / sq ft$268$22817% above local
Days on market154264% below local
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Active city listing statistics from MLS PIN as of September 6, 2026. Asking prices are not completed-sale values.

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About 28 Sever St

Can I schedule a private showing?

Yes. Request a tour of 28 Sever St and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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Availability varies by property and source. Request the documents you need and we will help obtain what is available.