
1511 Main Street #301 Worcester — Photo 1 of 36
$225,000
Investment Analysis — 1511 Main Street #301
Worcester, MA 01603
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01603 carries an estimated $1,520/mo in gross rent — about a 2.37% cap rate and $5,337/yr in estimated NOI at the $225,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
772
Style
Condominium
Built
1890
Experience the distinctive character and effortless comfort of Kettle Brook Lofts in this beautifully appointed ground-level residence, where historic mill architecture meets refined modern living. Set along the Kettle Brook waterway and conveniently located near the Worcester/Leicester line, this exceptional 1-bedroom, 1-bath condominium offers approximately 772 square feet of thoughtfully designed open-concept living space.From the moment you enter, the dramatic combination of exposed brick, original post-and-beam details, oversized windows, and rich hardwood flooring creates a sophisticated yet inviting atmosphere. The spacious living area is anchored by a stunning double-sided fireplace, elegantly separating the living room from the bedroom while providing a warm and distinctive focal point.The beautifully updated kitchen is designed for both everyday living and entertaining, featuring granite/stone countertops, a substantial center island, bamboo flooring, and an open connection to the main living space. The bathroom features a spa tub! Modern conveniences include central air, in-unit laundry, forced hot air/central air by gas, and assigned off-street parking space and plenty of visitor parking. Beyond the residence, Kettle Brook Lofts offers the rare opportunity to enjoy the charm and architectural character of a historic mill conversion with the convenience of modern condominium living. Greater Worcester Land Trust walking trails are just steps away. Residents benefit from elevator access(you don't need one with this ground level unit), attractive common outdoor space, professional off-site management, and an association fee that includes water, sewer, master insurance, exterior and road maintenance, landscaping, snow removal, and refuse removal. Pets are welcome.Ideally positioned for a seamless lifestyle, the property offers easy access to major routes, public transportation, shopping, restaurants, parks, trails, medical facilities, Worcester hospitals, the commuter rail station, and Worcester Regional Airport. Beautifully updated, architecturally distinctive, and truly move-in ready, this is a rare opportunity to own a sophisticated piece of Worcester's historic mill heritage with modern comfort at every turn. Quick occupancy is available.
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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 11
Flooring - Hardwood, Open Floorplan
Kitchen
Lvl First15 x 18
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan
Primary Bedroom
Lvl First11 x 11
Walk-In Closet(s), Flooring - Hardwood
Bathroom 1
Lvl First13 x 6
Bathroom - Full, Hot Tub / Spa, Dryer Hookup - Electric, Washer Hookup
Listing Agent: Donna Flannery
Listing Office: ERA Key Realty Services- Spenc
MLS® Number: 73571466