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352 Lake Ave. Worcester — Photo 1 of 33

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.

View Standard Listing

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

Original Price$655,000
Annual Taxes$8,943

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms7
FireplacesNone
FlooringLaminate
BasementFull, Finished, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningRL-7

Property & Lot

Acres0.75
SqFt Lot32,829
Lot FeaturesWooded, Gentle Sloping

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 Provided By

Listing Agent: Mary Ellen Marrone

Listing Office: RE/MAX Vision

MLS® Number: 73583524