132 May St Worcester — Photo 1 of 23
$430,000
Investment Analysis — 132 May St
Worcester, MA 01602
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01602 carries an estimated $2,780/mo in gross rent — about a 4.74% cap rate and $20,371/yr in estimated NOI at the $430,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,648
Style
Single Family
Built
1926
Wonderful WEST SIDE Bungalow: Move-In Ready! This freshly painted 3 bedroom, 1 bath home has over 1,300 sq ft of living space on the first floor, plus a bonus 300+ sq ft of living/office space on the second floor. Beautiful refinished hardwood floors throughout the level 1 living spaces. Brand new carpet in the level 2 bonus room. The eat-in-kitchen has a breakfast bar, and boasts a new vinyl tile floor, and new stainless steel appliances French doors lead to a large deck overlooking the beautiful, private backyard. Full bath located on the main level has a new vanity and reglazed bathtub. Additional unfinished storage/future expansion space, not listed in the sq ft, found on 2nd floor. Off-street parking for 2-3 cars. Radon mitigation system installed 2026. Water heater installed 2022. Vinyl replacement windows. Gas heat. Laundry hookups in the walkout basement. Close to shopping and services, Hadwen Arboretum, Clark University, Worcester State University.
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: 824 sq ft (the lesser of 900 sq ft or half the 1,648 sq ft principal dwelling). Lot size: 7,813 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Conservation Area • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood
Dining Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl Main,FirstFlooring - Vinyl, Balcony / Deck, French Doors, Exterior Access
Master Bedroom
Lvl Main,FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl Main,FirstBedroom 3
Lvl Main,FirstCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Erin Zamarro
Listing Office: Coldwell Banker Realty - Worcester
MLS® Number: 73574209
