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31 Pikes Hill Rd Sterling — Photo 1 of 40

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.

View Standard Listing

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

Original Price$599,900
Annual Taxes$7,678.02

Parking

Garage2
Off-Street7

Interior Specifications

Total Rooms7
Fireplaces1
FlooringFlooring - Wall to Wall Carpet
BasementFull, Finished

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRRF

Property & Lot

Acres1.01
SqFt Lot43,996
Lot FeaturesWooded, Easements

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

Second
Master BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBedroom 3Bedroom 4Bathroom 1
Basement
Family RoomBathroom 3
Living Room
Lvl First

21 x 13

Wood / Coal / Pellet Stove, Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room
Lvl First

13 x 12

Flooring - Stone/Ceramic Tile

Kitchen
Lvl First

11 x 12

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Family Room
Lvl Basement

33 x 24

Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Wet Bar, Exterior Access, Slider

Master Bedroom
Lvl Second

13 x 17

Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

12 x 10

Bedroom 3
Lvl First

14 x 17

Closet, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl First

10 x 13

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

8 x 12

Bathroom - With Tub, Closet - Linen

Bathroom 2
Lvl Second

8 x 12

Bathroom - With Tub

Bathroom 3
Lvl Basement

5 x 8

Bathroom - Half

Listing Provided By

Listing Agent: The Journey Group

Listing Office: REMAX Executive Realty

MLS® Number: 73565408