3 Prospect Ave Dudley — Photo 1 of 27
$300,000
Investment Analysis — 3 Prospect Ave
Dudley, MA 01571
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01571 carries an estimated $2,110/mo in gross rent — about a 5.44% cap rate and $16,318/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,003
Style
Single Family
Built
1890
BEST & FINAL DUE Monday 8/31 by 6pm. Solid property situated on a beautifully maintained lot, conveniently located near the center of town. Enter through the enclosed porch into the kitchen. The main level offers two bedrooms with a full bath situated between them. Two additional rooms are located on the second floor, providing flexible space for a variety of uses. The full walk-down basement offers plenty of room for a workshop and additional storage. Recent electrical updates, a detached one-car garage, and a well-kept yard complete this property. An affordable opportunity with plenty of potential for your personal touches.
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: 502 sq ft (the lesser of 900 sq ft or half the 1,003 sq ft principal dwelling). Lot size: 15,060 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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
None
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • House of Worship
Geography
Listing Agent: Lisa Boudreau
Listing Office: Coldwell Banker Realty - Worcester
MLS® Number: 73569314