22 Elm St #304 Worcester — Photo 1 of 18
$209,300
Investment Analysis — 22 Elm St #304
Worcester, MA 01608
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01608 carries an estimated $2,700/mo in gross rent — about a 5.19% cap rate and $10,859/yr in estimated NOI at the $209,300 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
670
Style
Condominium
Built
2026
22 Elm is a residential development in Worcester consisting of 22 units. All 22 units will be sold to households earning at or below 80% AMI (Area Median Income) for the Worcester, MA HUD Metro FMR Area. 1HH $73,750, 2HH $84,300, 3HH $94,850, Asset Limit: $155,000. This exciting new condominium development in the heart of downtown is housed in a beautifully reimagined historic building. 22 brand-new condominiums including one, two, and three bedroom units and offers first-time homebuyers a rare opportunity to put down roots in this vibrant urban core. Residents enjoy premium amenities including an on-site elevator, included storage lockers, bike storage, a fitness center, and a community room with TV and lounge seating. You are less than a quarter mile from multiple WRTA bus stops and approximately half a mile from Union Station, with easy access to the Framingham/Worcester MBTA Commuter Rail line making commuting a breeze.
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 MLS and other third-party data may be inaccurate or out of date.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
$209,300
Sep 24, 2026
MLS® 73582159
$220,056
May 12, 2026
MLS® 73491303
$220,056
Mar 25, 2026
MLS® 73491303
Listing Agent: John Costello
Listing Office: Maloney Properties LLC
MLS® Number: 73582159