32 Indian Lake Parkway Worcester — Photo 1 of 34
$410,000
Investment Analysis — 32 Indian Lake Parkway
Worcester, MA 01605
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01605 carries an estimated $2,640/mo in gross rent — about a 4.87% cap rate and $19,971/yr in estimated NOI at the $410,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,158
Style
Single Family
Built
1941
Freshly Painted!!! Check out this home perfectly positioned across from Indian Lake, this water-view Cape blends updates with opportunity. The bright, open kitchen and dining area flows seamlessly to new decking, ideal for enjoying the setting.Major upgrades including the roof, electrical, windows, and gas boiler have already been completed. An enclosed sunroom opens to the back yard, while hardwood floors add warmth throughout much of the home. Upstairs features two additional bedrooms, and basement offers additional space with direct access to the attached garage. Showings start Friday!
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: 579 sq ft (the lesser of 900 sq ft or half the 1,158 sq ft principal dwelling). Lot size: 6,300 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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 12
Flooring - Hardwood, Cable Hookup
Dining Room
Lvl First10 x 12
Flooring - Hardwood
Kitchen
Lvl First11 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood, Deck - Exterior, Recessed Lighting, Slider, Stainless Steel Appliances
Bedroom 2
Lvl First10 x 11
Bedroom 3
Lvl Second14 x 14
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup
Bedroom 4
Lvl Second10 x 15
Closet, Flooring - Hardwood, Cable Hookup
Bathroom 1
Lvl First5 x 8
Bathroom - Full, Bathroom - Tiled With Tub, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Recessed Lighting
Property History
$410,000
Apr 21, 2026
MLS® 73504927
$1,000
Jan 3, 2011
MLS® 71174206
$1,200
Jan 2, 2011
MLS® 71174206
Listing Agent: Margaret Mollova
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73504927