46 Chester Street Worcester — Photo 1 of 31
$489,900
Investment Analysis — 46 Chester Street
Worcester, MA 01605
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01605 carries an estimated $2,640/mo in gross rent — about a 3.89% cap rate and $19,060/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,585
Style
Single Family
Built
1940
This sunny and bright colonial is located in the Nelson Place school district with quick access to I-190 & I-290. Sited on a generous 13,248 sq. ft. lot this vinyl sided home features a large composite fenced in back yard, and a huge deck with convenient kitchen access making it ideal for efficient entertaining. A cozy family room, and spacious sunroom enhance the ambiance of the living area. For added convenience there is a first-floor laundry, mud room and full bath. The entire interior has been recently painted and the eat in kitchen has newer appliances. Most rooms have hardwood flooring. The three bedrooms on the second floor are spacious in size and the main bedroom has a full bath. Heated by oil fired steam heat, natural gas feeds the hot water tank and is available for gas cooking as well if desired. The basement is spacious and clean. A recent driveway and stone front walkway add additional curb appeal to this home. Move right in!
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: 793 sq ft (the lesser of 900 sq ft or half the 1,585 sq ft principal dwelling). Lot size: 13,248 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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Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 12
Ceiling Fan(s), Flooring - Hardwood, Cable Hookup
Kitchen
Lvl First13 x 9
Flooring - Vinyl, Dining Area
Family Room
Lvl First13 x 9
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Second14 x 13
Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second17 x 12
Bedroom 3
Lvl Second14 x 10
Closet, Flooring - Hardwood, Flooring - Wood
Bathroom 1
Lvl First9 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second8 x 7
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: David Bottcher
Listing Office: Gibbs Realty Inc.
MLS® Number: 73575436
