137 Parker Rd Lancaster — Photo 1 of 34
$499,900
Investment Analysis — 137 Parker Rd
Lancaster, MA 01523 — South Lancaster
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01523 carries an estimated $2,730/mo in gross rent — about a 3.72% cap rate and $18,591/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
2,059
Style
Single Family
Built
1955
Welcome to 137 Parker Road, a well-maintained home offering flexibility, character, and a great Lancaster location. Lovingly cared for by the same family for 61 years, this 2-bedroom, 2-full-bath home features hardwood floors, an office, and a versatile bonus room with its own kitchen, offering excellent potential for a multigenerational living arrangement, guest space, or additional living area. Recent improvements include a new deck in 2023, new kitchen and living room windows in 2024, new exterior stairs to the second floor in 2025, and a new culvert in 2025. Additional features include a Buderus heating system and a layout that provides plenty of opportunity to make the home your own. Two Driveways give you plenty of parking space to host the upcoming football games and holiday parties. Conveniently located in a desirable Lancaster setting with access to the town's highly regarded school system. A rare opportunity to own a home that has been thoughtfully maintained by one family for more than six decades!
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 2,059 sq ft principal dwelling). Lot size: 23,086 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave
Geography
Listing Agent: Adrian Olivera
Listing Office: Keller Williams Realty North Central
MLS® Number: 73570394
