1 Chase Road Sturbridge — Photo 1 of 7
Recent Drop: $490,000
$1,500,000
Investment Analysis — 1 Chase Road
Sturbridge, MA 01566
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01566 carries an estimated $1,780/mo in gross rent — about a -0.12% cap rate and $-1,766/yr in estimated NOI at the $1,500,000 list price. Adjust every assumption in the calculator below.
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Chase Road was previously approved for a 71 unit Multiple Dwelling Project. 24 acres for the town house style homes and 12 acres of open space on a 450 foot cul-de-sac. On the corner of Hall Road and Chase Rd. is a 2.4 acre commercial lot. This property is ideally situated, 1/2 mile to the on ramp to I84 and I90 behind Wendie's on Rt. 20. Providing exceptional access to Route 49, Rt. 20, Rt. 148, Tr. 131, I84 and I 90, making the property very accessible throughout Central New England. All interested parties must conduct an independent investigation as to the feasibility of this site and determine its maximum building potential. Southern Worcester county has a great need for market rate, 55+ apartment rentals and assisted living. Zoned for market rate OSRD, 55+ community, assisted living, nursing home, hospital, 40B, single family attached, SF rental or any combination thereof with town approval. Subsurface explorations - 17 soil test borings & 51 test pits.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Highway Access • Public School
Geography
Property History
$1,500,000
Was $1,700,000
Jun 20, 2026
MLS® 73333739
$1,700,000
Was $1,990,000
Apr 2, 2026
MLS® 73333739
$1,990,000
Feb 9, 2025
MLS® 73333739
Listing Agent: David Bruce Ford
Listing Office: RE/MAX Prof Associates
MLS® Number: 73333739
