45 Terrace Dr Worcester — Photo 1 of 42
$694,999
Investment Analysis — 45 Terrace Dr
Worcester, MA 01609
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01609 carries an estimated $2,650/mo in gross rent — about a 2.32% cap rate and $16,143/yr in estimated NOI at the $694,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,502
Style
Single Family
Built
1928
Discover the enduring charm of 45 Terrace Drive, a beautifully maintained residence in Worcester’s sought after west side. The kitchen is equipped for both everyday meals & entertaining, featuring a double oven & a convenient peninsula for meal preparation & a dedicated area for casual dining as well as amazing storage options. The over-sized living room provides a welcoming atmosphere, centered around a gas fireplace & a bright, heated sunroom. The formal dining room is perfect for nightly meals & hosting holidays. There is also an office enhanced by built-in shelves, perfect for displaying cherished items or housing a personal library & could easily be used as a 4th bedroom. The primary bedroom features custom closets & its own balcony as well as updated bathroom. Two additional bedrooms offer fresh paint, hardwood floors & ample closets, contributing to the home's inviting ambiance. A two-car built-in garage provides practical storage & direct interior access. Large finished area in the walk-out lower level including a half bath. Nicely landscaped features surround the home. Reach out today to schedule a viewing of this exceptional property.
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: 900 sq ft (the lesser of 900 sq ft or half the 2,502 sq ft principal dwelling). Lot size: 14,005 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.
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Listing Agent: Joseph Abramoff
Listing Office: BA Property & Lifestyle Advisors
MLS® Number: 73575190