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1307 Millbury Street Worcester — Photo 1 of 40

1307 Millbury Street Worcester — Photo 1 of 40

$375,000

Investment Analysis — 1307 Millbury Street

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 5.64% cap rate and $21,144/yr in estimated NOI at the $375,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,518

Style

Single Family

Built

1905

A distinctive Worcester Colonial where classic character meets a fresh, modern interior. Hardwood floors extend throughout much of the home, beginning with a spacious living area filled with natural light and recessed lighting. The kitchen makes a strong impression with stone counters, a large breakfast bar, stainless steel appliances and gas cooking, creating an easy connection to the surrounding living space. Four bedrooms provide flexibility, including one with its own full bath and another with exterior access, while two full baths offer added functionality. A standout glass-enclosed greenhouse/sunroom creates an unexpected bonus space overlooking the property, and an additional sitting room adds even more versatility. Mini-splits, central air, a full basement and a paved driveway for four vehicles round out the home. Set on approximately half an acre with access to public transportation, shopping, parks and major highways, this property offers an appealing combination of space, character and accessibility.

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: 759 sq ft (the lesser of 900 sq ft or half the 1,518 sq ft principal dwelling). Lot size: 21,774 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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Property Details

Financials

Original Price$375,000
Annual Taxes$4,574

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms8
FireplacesNone
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingNatural Gas, Ductless
CoolingCentral Air, Ductless
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionBrick, Conventional (2x4-2x6)
RoofShingle
FoundationStone, Brick/Mortar
ZoningBL-1

Property & Lot

Acres0.5
SqFt Lot21,774
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomKitchenBathroom 2
Living Room
Lvl First

13 x 14

Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl First

15 x 11

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Primary Bedroom
Lvl Second

12 x 12

Walk-In Closet(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

11 x 12

Bedroom 3
Lvl Second

12 x 16

Flooring - Hardwood, Exterior Access

Bathroom 1
Lvl Second

10 x 7

Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting

Bathroom 2
Lvl First

7 x 5

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Hardwood

Listing Provided By

Listing Agent: Sereyvoathana Ouk

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73575500