Active

126 Days on market

32 Terrace Dr Worcester — Photo 1 of 42

Recent Drop: $14,900

$689,900

$675,000

Investment Analysis — 32 Terrace Dr

Worcester, MA 01609

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 5-bedroom in 01609 carries an estimated $2,650/mo in gross rent — about a 2.60% cap rate and $17,570/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

3.5

SqFt

3,189

Style

Single Family

Built

1920

Must-see 5-bedroom Mediterranean style home on West Side. Terrace Drive is a high-end Salisbury neighborhood lined with sidewalks on both sides and divided by a grassy median. This home is characterized by its arched 1st floor windows, stylish columns supporting a Juliet balcony, decorative accents, stucco exterior, mission tiled roof, and a back yard that is accessible through the gated entry wall. The charm isn't limited to the exterior. The living room has built-in shelving, an eye-catching fireplace mantle, and an unsuspecting full walk-in storage area that spans the width of the home. If you ever wanted a large atrium window for growing an indoor herb garden, this kitchen has it! The primary bedroom has a walk-in closet w/ built-in shelving, and the primary bath has a shower w/ SEVEN shower heads. The 5th bedroom is on the 3rd floor along with its own full bath. Additional storage in the 3rd floor attic and additional recreational space in the basement. Make this your next move!

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: 900 sq ft (the lesser of 900 sq ft or half the 3,189 sq ft principal dwelling). Lot size: 12,355 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.