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Worcester 01602 Salisbury Street
3 Suburban Rd
Photo of 3 Suburban Rd

23

Map

Photo of 3 Suburban Rd
Photo of 3 Suburban Rd
$4,500,000
● Land - In Contract

3 Suburban Rd

Worcester, MA 01602
bedrooms
Studio
bathrooms
0 Bath
$22,332
Est. Monthly
0.46%
Cap Rate

About This Property

PRIME 16.33 acre lot zoned RG5 and RS7 FOR SALE. Prime location for multiple high rise rental complexes and single family homes. This rare opportunity is located in Worcester's desirable West Side. Across from the new Doherty High School, this property is within walking distance to WPI, Elm Park, shopping, restaurants, public transportation, and more.
Unit Size
-
Days on Market
-
Land Size
16.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$235
HOA Dues
-
Year Built
-

Listed By

Kelleher Team
Coldwell Banker Realty - Worcester

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MLSPIN #73349314)

Price History

Date / Event Date Event Price
May 22, 2025 In contract -
In contract
Mar 24, 2025 Listed by Coldwell Banker Realty - Worcester $4,500,000
Listed by Coldwell Banker Realty - Worcester

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Level, Wooded, Cleared
Lot Size Area: 16.33
Lot Size Units: Acres
Lot Size Acres: 16.33
Lot Size Square Feet: 711120
Water Source: At Street
Financial Details
Tax Assessed Value: $205,400
Tax Annual Amount: $2,824
Utilities Details
Sewer : At Street

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 711,120
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000016325
  • Standard Land Use Code: 8016
  • County Land Use Code: 106

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730901

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 43-011-0001B
  • Parcel: WORC M:43 B:011 L:0001B
  • Block: 11
  • Lot: 1B
  • Municipality: WORCESTER
  • Latitude: 42.2722
  • Longitude: -71.8213

    Address

  • Full Address: 3 Suburban Rd
  • Address - House Number: 3
  • Address - Street Name: Suburban
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Worcester
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $272,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $189,800
  • Assessed Land Value: $155,600
  • Assessed Improvements Value: $34,200
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Salisbury Street

Stats & Trends

Median Asking:

$646,700

Sale Price/ft²

$265

Below Asking

0.01%

Average Days on Market

56

Average Home Size

3006 ft²

Average Home Age

83.8 years

Currently For Sale

13 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73349314

Frequently Asked Questions

When was property at 3 Suburban Road built and last sold?
The property at 3 Suburban Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Suburban Road is $4,545,000.
What are some comparable homes to 3 Suburban Road?
There are currently no comparable homes to 3 Suburban Road.
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