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3 Days on market
31 Elizabeth St #303 Worcester — Photo 1 of 18

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$320,000
Annual Taxes$2,891
HOA Fee$382

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringCarpet
BasementN

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
Roof--
Foundation--
ZoningRG5

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Listing Provided By

Listing Agent: Tina Keith

Listing Office: Leading Edge Real Estate

MLS® Number: 73581125