Active

46 Days on market

43 Chilmark Worcester — Photo 1 of 36

Recent Drop: $40,000

$489,000

$449,000

Investment Analysis — 43 Chilmark

Worcester, MA 01604

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01604 carries an estimated $2,790/mo in gross rent — about a 4.50% cap rate and $20,202/yr in estimated NOI at the $449,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,492

Style

Single Family

Built

1925

Welcome to 43 Chilmark Street, where timeless Colonial character meets thoughtful modern updates in one of Worcester's most convenient locations. Perched above the street behind a striking stone retaining wall and mature landscaping, this distinctive home offers exceptional curb appeal, beautiful city views, and inviting living space with three bedrooms and three full bathrooms. Guests are welcomed by a stately, masterfully restored stone staircase that perfectly sets the tone for this elegant residence. Step inside to discover rich hardwood floors, elegant French doors, crown molding, and a spacious living room centered around a classic fireplace that flows effortlessly into the formal dining room, creating the perfect setting for everyday living and memorable gatherings. The kitchen is designed for both style and function with stone countertops, a large center island with breakfast seating, gas cooking, abundant prep space, and a stainless steel gas range, making it the true heart of the home. Upstairs, the generously sized bedrooms are filled with natural light and offer comfortable retreats, while the walk up attic provides excellent storage or future expansion potential. The finished walkout lower level adds incredible flexibility with a full bath, office, bonus room, and a traditional prep space, ideal for hobbyists, entertaining, or preserving family recipes and traditions. Recent improvements provide added peace of mind, including a new combi boiler (2023), hot water heater (2022), stainless steel refrigerator (2021), windows (2024), electrical junction box (2025), leased solar panels (2025), and new single valve shower plumbing in the first and second floor bathrooms (2026). Outside, enjoy a fenced yard, patio, garden area, and private outdoor spaces perfect for relaxing or hosting guests while taking in elevated city views. Ideally located just minutes from Shrewsbury Street's renowned restaurants, shopping, parks, universities, major highways, and medical facilities, the home is also approximately one mile from Union Station, making commuting to Boston by rail an attractive option. Whether you're captivated by its historic details, generous living spaces, or versatile layout, 43 Chilmark Street is a home that invites you to create lasting memories for years to come.

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 2,492 sq ft principal dwelling). Lot size: 5,075 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.