223 Justice Hill Road Sterling — Photo 1 of 12
$250,000
Investment Analysis — 223 Justice Hill Road
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01564 carries an estimated $1,610/mo in gross rent — about a 4.99% cap rate and $12,466/yr in estimated NOI at the $250,000 list price. Adjust every assumption in the calculator below.
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223 Justice Hill Road offers a rare 1.09-acre homesite located with direct views of Wachusett Mountain. Just minutes from Wachusett Mountain and steps from scenic Stuart Pond and Leominster State Forest. This parcel is perfect for your custom New England home. The property includes an unused structure sold as is (best suited for removal). There is an existing never used septic system and well on site, offering a head start for future development. Bordered by farmland and framed by stone walls, sunlit pastures and mature trees, the land combines timeless charm with easy proximity to major routes. A truly exceptional opportunity to build with a view!! Special permit required.
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 MLS and other third-party data may be inaccurate or out of date.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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Highway Access • House of Worship • Public School
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Listing Agent: Michael C. Deluca
Listing Office: Coldwell Banker Realty - Worcester
MLS® Number: 73509342
