
352 Lake Ave. Worcester — Photo 1 of 33
$655,000
Investment Analysis — 352 Lake Ave.
Worcester, MA 01604
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-unit multi-family in 01604 carries an estimated $4,000/mo in gross rent — about a 4.20% cap rate and $27,537/yr in estimated NOI at the $655,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,296
Style
2 Family - 2 Units Side by Side
Built
1988
Two-family Colonial with flexible living in Worcester Need space for aging parents, adult children, long-term guests, or an au pair? This rare Colonial is listed as both a two-family and a single-family and offers two living areas under one roof: a main residence plus a private second unit with its own living room, kitchenette, bedroom, full bath, and separate entrance. The main unit features a welcoming open-concept first floor with combined living and dining areas, plus a spacious eat-in kitchen with a center island and warm country charm. Upstairs are two generously sized bedrooms and a full bath. The second unit provides comfortable, self-contained living while remaining connected to the main home, making it well suited to multigenerational living, extended family, guests, or a private office setup. A charming front porch spans the home and offers a place to relax outdoors. The detached two-car garage provides parking and extra storage. Recent updates include a new furnace, central air conditioning, and a Dry Zone basement system with sump pump. Conveniently located near UMass Medical, major routes, shopping, dining, and everyday amenities. This property combines character, versatility, and important modern updates.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Vacuum System • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • Public School
Geography
Listing Agent: Mary Ellen Marrone
Listing Office: RE/MAX Vision
MLS® Number: 73583524








