181 Parker Rd Lancaster — Photo 1 of 39
$519,999
Investment Analysis — 181 Parker Rd
Lancaster, MA 01523
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01523 carries an estimated $4,260/mo in gross rent — about a 5.92% cap rate and $30,773/yr in estimated NOI at the $519,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,200
Style
Single Family
Built
1940
Welcome to this beautifully remodeled Cape offering exceptional space, modern updates, and versatile living options! Featuring 4–5 bedrooms, 2 full baths, and a garage, this home has been thoughtfully updated from top to bottom. The modern kitchen features newer cabinetry, granite countertops, and stainless-steel appliances. Major improvements include a 2020 roof, updated plumbing and electrical, replacement windows, a new water line, and connection to the city sewer. The flexible layout offers two generously sized bedrooms on the first floor, including a spacious primary bedroom with a sitting area and access to a full bath. The second floor provides two additional bedrooms. The finished walk-out lower level offers even more living space, including a bedroom and full bath, making it ideal for a home office, guest suite, or potential in-law setup. Conveniently located for commuters with easy access to Routes 70 and 110. This move-in-ready Cape combines modern updates, generous living space, and a convenient location!
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 2,200 sq ft principal dwelling). Lot size: 14,375 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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Water Heater • Range • Dishwasher • Microwave • Refrigerator
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Listing Agent: Michael Domingues
Listing Office: Red Post Realty, LLC
MLS® Number: 73576096
