Investment Analysis — 298 Greenwood St.

Worcester, MA 01607 — Quinsigamond Valley

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01607 carries an estimated $2,540/mo in gross rent — about a 4.54% cap rate and $19,033/yr in estimated NOI at the $419,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,350

Style

Single Family

Built

1939

Fully renovated and move-in ready! This home has been completely transformed from top to bottom, with all the major updates already done for you. The heart of the home is a brand-new kitchen featuring all-new cabinetry, countertops and modern finishes, ideal for everyday cooking and entertaining. The bathroom has been fully updated with fresh, contemporary fixtures and a clean, modern look. The newly finished lower level adds valuable living space, including an additional bonus room that is perfect for a home office, gym, media room or guest space. All the big-ticket items are taken care of: a brand-new roof, new gutters, a new garage door and restored exterior masonry give you peace of mind for years to come. Step outside onto the brand-new deck, ready for cookouts, morning coffee and relaxing evenings outdoors. Conveniently located with easy access to major routes, shopping and dining. Homes renovated to this level do not last long.

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: 675 sq ft (the lesser of 900 sq ft or half the 1,350 sq ft principal dwelling). Lot size: 7,315 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.