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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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Contact

  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

Brokerage

William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 28 Sever St, Worcester, MA 01609
Active
2 Days on market
28 Sever St Worcester — Photo 1 of 11

28 Sever St Worcester — Photo 1 of 11

$1,499,000

28 Sever St, Worcester, MA 01609

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$268/sqft
Local Avg (Worcester)$210/sqft
28% AboveMarket Average

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

Property Details

Financials

Original Price$1,499,000
Annual Taxes$11,205

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms29
Fireplaces5
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationIrregular
ZoningRL-7

Property & Lot

Acres0.19
SqFt Lot8,235
Lot FeaturesOther

Geography

Property History

Listed
$1,499,000

Aug 19, 2026

MLS® 73565816

Expired
$789,900

Sep 8, 2006

MLS® 70364348

Listed
$789,900

Apr 10, 2006

MLS® 70364348

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: 73565816

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