93 Alvarado Ave Worcester — Photo 1 of 5
$300,000
Investment Analysis — 93 Alvarado Ave
Worcester, MA 01604
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01604 carries an estimated $1,740/mo in gross rent — about a 4.74% cap rate and $14,218/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.
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Shovel-ready multifamily opportunity! This lot is approved for the construction of three units with potential for a fourth with approval. It is conveniently located near UMass Memorial Medical Center, an excellent investment opportunity in an area with strong rental demand from nurses, medical professionals, and medical students.It's close to shopping, dining, public transportation, and other amenities.
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 MLS and other third-party data may be inaccurate or out of date.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
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School
Geography
Property History
$300,000
Sep 23, 2026
MLS® 73581840
$250,000
Feb 13, 2025
MLS® 73319559
$250,000
Dec 7, 2024
MLS® 73319559
Listing Agent: The Avenue
Listing Office: Serhant
MLS® Number: 73581840