
31 Elizabeth St #303 Worcester — Photo 1 of 18
$320,000
Investment Analysis — 31 Elizabeth St #303
Worcester, MA 01605
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01605 carries an estimated $2,130/mo in gross rent — about a 3.73% cap rate and $11,951/yr in estimated NOI at the $320,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,267
Style
Condominium
Built
1893
A rare blend of historic character and modern comfort, this 2-bedroom, 2-bath condo is set within a beautifully converted Worcester schoolhouse. Located on the third floor, the home feels bright and welcoming, with skylights and generous natural light adding to its unique appeal. The open living and dining areas offer an easy flow for both everyday living and entertaining. The kitchen is nicely appointed with granite countertops, stainless steel appliances, and a tile backsplash. Wall to wall carpeting brings warmth to the bedrooms, while two full baths, in-unit laundry, central air, and heat provide all the comforts of home. The classic brick exterior and distinctive architectural details are a reminder of the building’s schoolhouse past and give this property a character you simply don’t find every day. Conveniently located near I-90, UMass Memorial Medical Center, UMass Chan Medical School, shopping, dining, and major commuter routes. A special opportunity to own a home that offers history, character, and convenience in the heart of Worcester. Great for owner occupant or investor!
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 MLS and other third-party data may be inaccurate or out of date.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
Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Listing Agent: Tina Keith
Listing Office: Leading Edge Real Estate
MLS® Number: 73581125