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8 Nelson Park Drive Worcester — Photo 1 of 26

8 Nelson Park Drive Worcester — Photo 1 of 26

$492,000

Investment Analysis — 8 Nelson Park Drive

Worcester, MA 01605 — Indian Lake

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 3.92% cap rate and $19,293/yr in estimated NOI at the $492,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,899

Style

Single Family

Built

1954

A well maintained home with lanscaped yard, Lots of privacy. Located on quiet street. Walking distance to Nelson Place School, Indian Lake and Assumption University (back door). Nearby access to shopping, banks, medical, YMCA, Bancroft School, resaurants and convenience stores without getting on highway. Easy access to I-290 at Gold Star Boulevard. Cute, quaint and one of a kind home in city setting on quiet street with no through traffic. Stop by our OPEN HOUSE on Saturday, 9-19 from 12:00-4 p.m. Offers may be submitted by emal until 8:00p.m. on Friday, 9-25-26. Proof of funds must accompany offers.

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 1,899 sq ft principal dwelling). Lot size: 5,000 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 MLS and other third-party data may be inaccurate or out of date.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.

Open Houses

Property Details

Financials

Original Price$492,000
Annual Taxes$4,784

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Hardwood, Other, Concrete
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

HeatingCentral, Baseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRes

Property & Lot

Acres0.11
SqFt Lot5,000
Lot FeaturesCul-De-Sac, Level

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Disposal • Microwave • Refrigerator • Washer • Instant Hot Water

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Bathroom 2
Basement
Bedroom 3
Main,First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl Main,First

12 x 22

Ceiling Fan(s), Closet, Flooring - Hardwood, Cable Hookup, Deck - Exterior, High Speed Internet Hookup, Lighting - Overhead

Dining Room
Lvl Main,First

9 x 11

Ceiling Fan(s), Closet - Linen, Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Chair Rail, Open Floorplan, Lighting - Overhead

Kitchen
Lvl Main,First

9 x 11

Bathroom - Full, Ceiling Fan(s), Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Cabinets - Upgraded, Exterior Access, Open Floorplan, Pot Filler Faucet, Lighting - Overhead

Primary Bedroom
Lvl Main,First

14 x 11

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Main,First

11 x 11

Bedroom 3
Lvl Basement

22 x 22

Bathroom - Half, Beamed Ceilings, Closet, Flooring - Stone/Ceramic Tile, High Speed Internet Hookup, Laundry Chute, Recessed Lighting, Remodeled, Flooring - Concrete

Bathroom 1
Lvl Main,First

5 x 8

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Enclosed Shower - Fiberglass, Remodeled, Lighting - Sconce

Bathroom 2
Lvl Second

6 x 6

Bathroom - Half, Closet, Flooring - Laminate, Dryer Hookup - Electric, Lighting - Sconce, Closet - Double

Listing Provided By

Listing Agent: Joseph Lee

Listing Office: Steeplechase REALTORS®

MLS® Number: 73576355