Investment Analysis — 118 Norfolk Street

Worcester, MA 01604

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01604 carries an estimated $2,250/mo in gross rent — about a 8.92% cap rate and $17,828/yr in estimated NOI at the $199,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

660

Style

Single Family

Built

1906

Investment opportunity for builders, contractors, and home flippers in a great area, close to hospitals, shopping, restaurants and parks! Property in need or total rehab or teardown to build single/multi family(s). RL-7 Zoning with approximately 14,100 sq ft of land. Buyer to perform all due diligence regarding development options. CASH offers preferred. Sold as-is.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 330 sq ft (the lesser of 900 sq ft or half the 660 sq ft principal dwelling). Lot size: 14,100 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.