Active

159 Days on market

411B Lake Avenue Worcester — Photo 1 of 42

Recent Drop: $29,999

$679,999

$650,000

Investment Analysis — 411B Lake Avenue

Worcester, MA 01604

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01604 carries an estimated $2,250/mo in gross rent — about a 2.08% cap rate and $13,499/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,483

Style

Single Family

Built

1920

$30,000 PRICE REDUCTION ON THIS LAKEFRONT HOME on Lake Quinsigamond, this updated waterfront home has been completely renovated in recent years, the newest being a brand-new dock. Two decks overlooking the lake, 2 full baths and a second kitchen/wet bar, the home is currently set up as a two bedroom with Livingroom on one floor and family room on the other which could be used the main bedroom with a full updated bathroom and access to decks and all that lake life has to offer. Gas stoves on both levels for those cool winter evenings. Plenty of off-street parking for multiple cars and even your boat! 2 sheds for all your lake life accessories. Enjoy living on desirable Lake Quinsigamond, an approximately 772-acre lake with depts from 50-85 feet, a fully recreational lake, yet close to all that the city has to offer, minutes from Lake Park, also nearby is popular Shrewsbury Street, as well as minutes to UMass campus and hospital. Great rental potential or ADU possibility. Quick close possible

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: 742 sq ft (the lesser of 900 sq ft or half the 1,483 sq ft principal dwelling). Lot size: 3,287 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.