18 Crown St Worcester — Photo 1 of 23
$175,000
Investment Analysis — 18 Crown St
Worcester, MA 01609
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01609 carries an estimated $1,490/mo in gross rent — about a 6.91% cap rate and $12,089/yr in estimated NOI at the $175,000 list price. Adjust every assumption in the calculator below.
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Approved land for four 3-bedroom, 2.5-bath attached townhouses at 18 Crown Street in Worcester, each unit approximately 1,500 sq ft with a first-floor garage. Entitlement work is done: the Historical Committee has approved the plans, and the Planning Board has endorsed an ARP for the site (approved, recording to occur prior to closing). The 11,219.95 sq ft lot includes 8 parking spaces. Comparable finished townhouses in the area are trading around $525,000 per unit, putting the projected gross exit north of $2,000,000 against a $175,000 land basis — a shovel-ready opportunity for a builder or investor looking to skip the entitlement process.
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 MLS and other third-party data may be inaccurate or out of date.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
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Parking
Interior Specifications
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Geography
Listing Agent: Candor Investment Group
Listing Office: eXp Realty LLC
MLS® Number: 73556282
