550 Packard St Lancaster — Photo 1 of 41
Recent Drop: $15,000
$510,000
Investment Analysis — 550 Packard St
Lancaster, MA 01523
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01523 carries an estimated $3,800/mo in gross rent — about a 5.59% cap rate and $28,497/yr in estimated NOI at the $510,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
960
Style
Single Family
Built
1966
Welcome to this beautifully maintained ranch in the heart of Lancaster, with a prime location. This home features 3 bedrooms plus a versatile bonus room, providing plenty of space for your needs. Hardwood floors flow throughout the main level, while the updated kitchen with quality cabinetry opens seamlessly to the living areas, creating an inviting space for everyday living and entertaining. The finished lower level offers a private bonus room with a beautifully renovated bath featuring a walk-in shower, Jacuzzi tub, and custom windows that fill the space with natural light. Enjoy your own backyard retreat with a spacious Trex deck, above-ground saltwater pool, fully fenced yard, and gazebo perfect for relaxing or entertaining. Recent improvements include a new roof (2021), solar panels, upgraded electrical service, generator hookup, a French drain system, and a newer oil tank. Conveniently located next to a local park, close to the new high school, and just minutes from Route 495, this move-in-ready Lancaster home is ready to welcome its next owners.
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: 480 sq ft (the lesser of 900 sq ft or half the 960 sq ft principal dwelling). Lot size: 26,136 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Park • Stable(s) • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCloset, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony / Deck, Balcony - Exterior, Open Floorplan
Kitchen
Lvl Main,FirstDining Area, Countertops - Upgraded, Breakfast Bar / Nook
Master Bedroom
Lvl Main,FirstCloset - Linen, Flooring - Hardwood, Window(s) - Picture
Bedroom 2
Lvl Main,FirstBedroom 3
Lvl FirstBathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl BasementBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Jacuzzi / Whirlpool Soaking Tub, Double Vanity, Lighting - Overhead, Soaking Tub
Property History
$510,000
Was $525,000
Sep 2, 2026
MLS® 73558312
$525,000
Aug 3, 2026
MLS® 73558312
Listing Agent: Brianna Lacouture
Listing Office: LAER Realty Partners
MLS® Number: 73558312
