
31 Pikes Hill Rd Sterling — Photo 1 of 40
$599,900
Investment Analysis — 31 Pikes Hill Rd
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01564 carries an estimated $2,870/mo in gross rent — about a 3.08% cap rate and $18,496/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,932
Style
Single Family
Built
1982
**OPEN HOUSE SUNDAY SEPT 13th, 11 AM-1 PM** Opportunity and space abound at this contemporary Cape set on a private, wooded 1+ acre lot in a sought-after Sterling neighborhood! Offering versatility across three finished levels, this 4-bed, 2.5-bath home features a spacious, flexible floor plan with plenty of room to make it your own. The main level offers a vaulted living room with hardwood flooring, bay window and wood stove, granite kitchen with formal dining area, two bedrooms and a full bath. Upstairs, the generous primary bedroom is joined by an additional bedroom, full bath, laundry and bonus room—ideal for an office, nursery, dressing room or flex space. The finished walk-out lower level features an expansive family room with wet bar, half bath, bonus room, and workshop. Enjoy the peaceful wooded setting from the screened porch and deck, overlooking a private backyard with plenty of room for recreation and entertaining. A detached two-story, two-car garage provides exceptional storage and possibilities. Newer heating system. With solid space and tremendous potential, this home is ready for its next owner to bring their ideas and finishing touches. Convenient to schools, recreation, major routes and everyday amenities—a fantastic opportunity to build equity and make it your own!
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 2,932 sq ft principal dwelling). Lot size: 43,996 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Park • Walk/Jog Trails • Stable(s) • Golf • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 13
Wood / Coal / Pellet Stove, Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl First13 x 12
Flooring - Stone/Ceramic Tile
Kitchen
Lvl First11 x 12
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Family Room
Lvl Basement33 x 24
Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Wet Bar, Exterior Access, Slider
Master Bedroom
Lvl Second13 x 17
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second12 x 10
Bedroom 3
Lvl First14 x 17
Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl First10 x 13
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First8 x 12
Bathroom - With Tub, Closet - Linen
Bathroom 2
Lvl Second8 x 12
Bathroom - With Tub
Bathroom 3
Lvl Basement5 x 8
Bathroom - Half
Listing Agent: The Journey Group
Listing Office: REMAX Executive Realty
MLS® Number: 73565408
