51 Alvarado Ave #101 Worcester — Photo 1 of 30
$275,000
Investment Analysis — 51 Alvarado Ave #101
Worcester, MA 01604
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01604 carries an estimated $1,750/mo in gross rent — about a 3.50% cap rate and $9,617/yr in estimated NOI at the $275,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
703
Style
Condominium
Built
1987
FULLY REMODELED CONDO IN ONE OF WORCESTER’S MOST DESIRABLE LOCATIONS! Welcome to 51 Alvarado Ave, Unit 101—a beautifully renovated condo offering modern finishes, exceptional convenience, and outstanding investment potential. Completely remodeled from top to bottom, this move-in-ready home is designed for comfortable living and effortless entertaining. The updated kitchen is a true highlight, featuring brand-new cabinets, elegant quartz countertops, stylish tile backsplash, modern farmhouse-inspired décor, and all-new appliances. The entire unit has been freshly painted and features newly installed flooring, creating a bright, clean, and contemporary feel throughout. Stay comfortable during the warmer months with a brand-new AC system. Parking is a major advantage with two deeded off-street parking spaces. Situated in the heart of the UMass Worcester campus and medical/biotech corridor, the condo is within walking or biking distance of UMass Memorial Medical Center, UMass Chan Medical School, and nearby biotech employers, including WuXi Biologics—an ideal location for medical professionals, students, researchers, and employees. Enjoy easy access to Lake Quinsigamond, nearby parks and walking trails, Shrewsbury Street restaurants and entertainment, White City shopping, and major commuter routes. INVESTORS: An excellent opportunity to add a turnkey property in a highly sought-after rental location to your portfolio. The complete renovation, deeded parking, desirable amenities, and proximity to major employment and educational centers make this condo particularly appealing to the rental market. Whether you're looking for a stylish new home, a convenient location close to work and school, or a smart investment opportunity, 51 Alvarado Ave, Unit 101 is an opportunity you won't want to miss! OPEN HOUSE SCHEDULE — STARTING SEPTEMBER 10, 2026: Friday: 4:00 PM–6:00 PM; Saturday: 12:00 PM–2:00 PM; Sunday: 11:00 AM–1:00 PM.
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
Range • Dishwasher • Microwave • Refrigerator
Geography
Property History
$275,000
Sep 8, 2026
MLS® 73572752
$262,000
Mar 29, 2025
MLS® 73342953
$269,999
Mar 10, 2025
MLS® 73342953
Listing Agent: Inder Singh
Listing Office: eXp Realty LLC - Corporate Office
MLS® Number: 73572752
