107 E Central St Worcester — Photo 1 of 3
Recent Drop: $700,057
$499,943
Investment Analysis — 107 E Central St
Worcester, MA 01605
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01605 carries an estimated $1,650/mo in gross rent — about a 1.68% cap rate and $8,413/yr in estimated NOI at the $499,943 list price. Adjust every assumption in the calculator below.
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Style
Other
Built
1955
**Owner Financing Available*** Rare opportunity to acquire a 13,721 square foot parking lot located in the heart of Worcester. Zoned BG-4, this property is ideal for developers seeking a flexible space in a rapidly growing urban setting. This lot offers incredible potential for commercial, residential, or mixed-use development. Buyers are encouraged to perform their own due diligence regarding specific uses. The location is truly exceptional. The property is within walking distance of some of Worcester’s finest dining, nightlife, and cultural amenities. It is situated just steps from Alta on The Row, a major luxury apartment complex that has contributed to the area’s significant growth and revitalization. This area has become one of the most vibrant in the city, with close proximity to downtown Worcester, Polar Park, the Canal District, and Union Station. The site provides excellent visibility and accessibility, making it an ideal location for a signature development project
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$499,943
Was $550,000
Sep 20, 2026
MLS® 73407580
$550,000
Was $700,000
Aug 8, 2026
MLS® 73407580
$700,000
Was $1,000,000
Dec 10, 2025
MLS® 73407580
$1,000,000
Was $1,200,000
Sep 19, 2025
MLS® 73407580
$1,200,000
Jul 21, 2025
MLS® 73407580
Listing Agent: Jaquaine Coe
Listing Office: The LGCY Group LLC
MLS® Number: 73407580