Investment Analysis — 37 Proctor St

Worcester, MA 01606

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01606 carries an estimated $2,750/mo in gross rent — about a 2.81% cap rate and $18,285/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,960

Style

Single Family

Built

1900

At 37 Proctor Street, the day begins with a sunrise over Indian Lake. Set directly on the water, this three-bedroom home makes every morning feel a little like vacation. Take in the view from the sunroom, spend the afternoon on the lake, then gather on the expansive deck. Inside, the remodeled kitchen features granite counters and new stainless steel appliances. Hardwood floors run through the living room, dining room and kitchen. A remodeled full bath and laundry add first-floor convenience. Upstairs, the primary bedroom has a walk-in closet and an en suite bath with an oversized tiled shower and frameless glass enclosure. Natural gas heat, 200-amp electrical service, double-pane vinyl replacement windows and low-maintenance vinyl siding add practical appeal. Schools, shopping and major routes are minutes away—but with the lake outside your door, you may find yourself in no hurry to leave.

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 1,960 sq ft principal dwelling). Lot size: 3,780 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.