39 Lucas Road Sterling — Photo 1 of 8
$265,000
Investment Analysis — 39 Lucas Road
Sterling, MA 01564
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01564 carries an estimated $1,630/mo in gross rent — about a 4.20% cap rate and $11,132/yr in estimated NOI at the $265,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
888
Style
Single Family
Built
1890
Attention flippers and builders- bring your vision to this peaceful 2 acre property abutting conservation land! Set in a serene, private-feeling location surrounded by beautiful natural landscape, this property offers a rare opportunity to create something special. The existing home may be best suited for a complete renovation or tear-down and new construction, giving buyers the flexibility to explore the option that best fits their vision and goals.The 2+ acres of picturesque land offer plenty of space and privacy, with no neighboring homes visible from the property. Enjoy the tranquility of the setting while being conveniently located near pretty ponds and with easy access to Route 140 for commuting and everyday conveniences.Located in a lovely community known for its scenic surroundings and small-town appeal, the property also benefits from municipal electric service, which can provide significant savings..Whether you envision renovating the existing structure into your ideal home or starting fresh with new construction, this property offers great opportunity to create something truly your own.
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: 444 sq ft (the lesser of 900 sq ft or half the 888 sq ft principal dwelling). Lot size: 87,120 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
Neighborhood
Highway Access
Geography
Listing Agent: Susan Thibeault
Listing Office: LAER Realty Partners
MLS® Number: 73580725