
28 Sever St Worcester — Photo 1 of 11
$1,499,000
Worcester, MA 01609
Beds
18
Baths
7.5
SqFt
5,596
Style
5-9 Family
Built
1920
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.
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Worcester, MA.
Aug 19, 2026
MLS® 73565816
Sep 8, 2006
MLS® 70364348
Apr 10, 2006
MLS® 70364348
22,047
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$68K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
59.9%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
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)
Listing Agent: Brian Allen
Listing Office: Property Investors & Advisors, LLC
MLS® Number: 73565816
Explore other active listings in the area.