223 Worcester Road Sterling — Photo 1 of 14
$799,000
Investment Analysis — 223 Worcester 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 1.78% cap rate and $14,206/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.
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Perfect opportunity for a 40B project. Prime Mixed-Use Development Opportunity in Sterling! Welcome to 223 Worcester Road, a 3.7-acre parcel of mixed-use zoned land offering endless potential for residential, commercial, or combined development. Strategically located on a well-traveled road just minutes from Mt. Wachusett, this lot presents an exceptional opportunity for builders, investors, and developers alike.This offering also includes the iconic Sterling Inn at 240 Worcester Road, situated on an additional 1.6 acres with nearly 12,000 sq ft of existing structure. Whether you’re looking to revitalize the historic inn, convert it to multi-unit housing, or create a vibrant mixed-use community, this combined 5.3-acre site allows for creativity. With its central location, mixed-use zoning, and proximity to outdoor recreation, this is a rare development opportunity.
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 MLS and other third-party data may be inaccurate or out of date.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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Property History
$799,000
Was $500,000
Jun 17, 2026
MLS® 73383570
$500,000
Was $799,900
Mar 2, 2026
MLS® 73383570
$799,900
Jun 2, 2025
MLS® 73383570
Listing Agent: The Espinola Group
Listing Office: Keller Williams Realty-Merrimack
MLS® Number: 73383570
