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42 Melbourne Rd Worcester — Photo 1 of 38

$589,000

Investment Analysis — 42 Melbourne Rd

Worcester, MA 01607

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01607 carries an estimated $2,820/mo in gross rent — about a 3.36% cap rate and $19,789/yr in estimated NOI at the $589,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,254

Style

Single Family

Built

1987

Welcome to 42 Melbourne Rd, a meticulously maintained, one-owner home offering a rare amount of land for Worcester. Situated at the end of a private dead-end road on over 2.5 acres, approximately one acre is cleared and fenced, while the backyard abuts the woods for added privacy. Located in Quinsigamond Village, a historic Worcester neighborhood, the home offers convenient access to nearby dining, shopping and public transportation, including a nearby bus route. Commuters will appreciate easy access to Route 146, I-395, I-290 and the Mass Pike. This 4-bedroom home reflects years of careful ownership, with many major updates already completed, including central A/C and roof in 2015, an updated kitchen in 2019, a new forced-air heating system in 2020, and a new above-ground pool in 2025. Three levels of decking connect the home to the pool and expansive fenced yard, creating a fantastic outdoor setting for entertaining and relaxing. Privacy, acreage and convenience are a combination that is hard to find in Worcester.

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 2,254 sq ft principal dwelling). Lot size: 109,608 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.