
15 Groveridge Path Shrewsbury — Photo 1 of 40
$699,000
Investment Analysis — 15 Groveridge Path
Shrewsbury, MA 01545
Based on rent reported on the MLS listing, a 2-unit multi-family in 01545 carries $1,500/mo in gross rent — about a 1.06% cap rate and $7,433/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,150
Style
Multi Family
Built
1900
**SHREWSBURY WATERFRONT TWO-FAMILY ON LAKE QUINSIGAMOND** Now offering a rare opportunity for owner-occupants, investors, or multigenerational living. Enjoy direct lake access with your own dock and waterfront patio while generating rental income or creating the perfect in-law setup. The main residence features an updated eat-in kitchen with stainless steel appliances, a new five-burner gas range, hardwood floors, three bedrooms, 1.5 baths, a fireplace, and panoramic lake views. Just off the rear of the home, step onto a spacious deck overlooking Lake Quinsigamond, the perfect place to enjoy your morning coffee, outdoor dining, or unwind while taking in breathtaking sunsets and year-round waterfront scenery. Whether entertaining guests or simply relaxing after a long day, the elevated deck provides a peaceful setting with stunning views of the water.The second unit offers one bedroom, a full bath, kitchen, heated sunroom, separate utilities, and beautiful water views, making it ideal for rental income, extended family, or guests. One of the property's most unique features is the private boathouse located directly along the shoreline. This personal lakeside retreat provides convenient storage for your boating and waterfront equipment while offering easy access to the lake, making it an exceptional amenity for boating, fishing, kayaking, paddleboarding, or simply embracing the lakefront lifestyle.The expansive waterfront creates endless opportunities for recreation throughout every season. Spend your summers cruising the lake, swimming from your dock, or hosting gatherings by the water, while enjoying picturesque views year-round from nearly every angle of the property. Whether you're looking for an income-producing investment, a year-round waterfront retreat, or flexible living options, this property delivers a truly unique combination of lifestyle and value that rarely becomes available in Shrewsbury.Conveniently located just minutes from Route 9, UMass Chan Medical School, shopping, restaurants, parks, and major commuter routes, this property offers the perfect balance of peaceful waterfront living with everyday convenience. Opportunities to own a true waterfront multifamily on Lake Quinsigamond are exceptionally rare, making this a remarkable offering for homeowners and investors alike.
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
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Property History
$699,000
Jul 31, 2026
MLS® 73557427
$269,900
Oct 1, 2010
MLS® 71113443
$1,300
Sep 1, 2010
MLS® 71121901
$650
Aug 25, 2010
MLS® 71121905
$1,300
Aug 11, 2010
MLS® 71121901
$650
Aug 11, 2010
MLS® 71121905
$269,900
Jul 23, 2010
MLS® 71113443
Listing Agent: Andrea Beth Castinetti
Listing Office: Castinetti Realty Group
MLS® Number: 73557427