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15 Highland Street Milford — Photo 1 of 41

15 Highland Street Milford — Photo 1 of 41

$525,000

Investment Analysis — 15 Highland Street

Milford, MA 01757

Based on HUD Small Area Fair Market Rent for Eastern Worcester County, MA HUD Metro FMR Area, a 4-bedroom in 01757 carries an estimated $3,540/mo in gross rent — about a 5.08% cap rate and $26,653/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,949

Style

Single Family

Built

1951

This is the one you've been waiting for, and I don't say that often! This quintessential Cape is full of New England charm and doesn’t lack for anything! The kitchen shines with upgraded fixtures and finishes, including modern stainless steel appliances, granite countertops, and a breakfast bar perfect for casual meals. The formal dining room flows seamlessly into the living room, creating an inviting space that’s ideal for entertaining. Down the hallway are 2 BRs, including a convenient first-floor primary, along with an updated full bathroom featuring dual vanities and a tub/shower. Upstairs, two additional bedrooms each offer skylights that fill the spaces with natural light, plus a second updated full bathroom. The spacious finished basement adds even more versatility to be used as a recreation room for relaxing, hobbies or it would make a great home office. Outside, enjoy an incredible fully fenced, large backyard that is perfect for summer cookouts, games of wiffle ball, playing fetch with the dog and so much more! There is also a large deck overlooking the yard, a firepit and a spacious shed. Ideally located with easy access to Milford’s local restaurants, shops, amenities, and major commuter routes, this charming Cape offers the space, flexibility, and location you’ve been looking for and is not one to be missed. Updates include: heating system, mini split for A/C on first floor, fresh paint throughout, MassSave insulation, appliances, LED lighting, bathrooms and so much more! There's nothing left to do except move in!!

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 1,949 sq ft principal dwelling). Lot size: 19,502 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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Property Details

Financials

Original Price$525,000
Annual Taxes$5,632

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms9
FireplacesNone
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementFull, Finished, Interior Entry, Bulkhead, Sump Pump

Climate & Utilities

HeatingBaseboard, Heat Pump, Natural Gas
CoolingHeat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRB

Property & Lot

Acres0.45
SqFt Lot19,502
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3Bedroom 4Bathroom 2
First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1
Basement
Family Room
Living Room
Lvl First

13 x 12

Flooring - Wall to Wall Carpet

Dining Room
Lvl First

10 x 12

Flooring - Hardwood, Deck - Exterior, Exterior Access

Kitchen
Lvl First

17 x 14

Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Stainless Steel Appliances

Family Room
Lvl Basement

18 x 13

Flooring - Hardwood, Recessed Lighting

Master Bedroom
Lvl First

12 x 11

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl First

8 x 12

Bedroom 3
Lvl Second

14 x 13

Skylight, Closet, Flooring - Wall to Wall Carpet, Cable Hookup

Bedroom 4
Lvl Second

15 x 13

Skylight, Closet, Flooring - Wall to Wall Carpet, Cable Hookup

Bathroom 1
Lvl First

12 x 5

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

10 x 7

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: Colleen Crowley

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73573984