Active Under Contract

72 Days on market

8 Gilman Street Worcester — Photo 1 of 34

Recent Drop: $19,900

$349,900

$330,000

Investment Analysis — 8 Gilman Street

Worcester, MA 01605

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01605 carries an estimated $2,640/mo in gross rent — about a 6.09% cap rate and $20,105/yr in estimated NOI at the $330,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,044

Style

Single Family

Built

1890

This charming Colonial offers 3 bedrooms and 2 full bathrooms with a functional layout that's perfect for first-time homebuyers or anyone looking for a move-in ready home. The main level features a spacious living room, dining area, a full bathroom, and a generously sized kitchen with sliding glass doors leading to the backyard. Upstairs, you'll find three comfortable bedrooms and a second full bathroom. The home also features a new hot water tank, adding peace of mind for the new owner. Enjoy the fenced-in backyard, perfect for entertaining, gardening, or pets, along with ample off-street parking. Conveniently located near shopping, restaurants, schools, public transportation, and with easy access to I-290, this home offers both comfort and convenience. Don't miss the opportunity to make this Worcester home yours!

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: 522 sq ft (the lesser of 900 sq ft or half the 1,044 sq ft principal dwelling). Lot size: 6,098 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.

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