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15 Spring Ter Shrewsbury — Photo 1 of 28

15 Spring Ter Shrewsbury — Photo 1 of 28

$450,000

Investment Analysis — 15 Spring Ter

Shrewsbury, MA 01545

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01545 carries an estimated $3,470/mo in gross rent — about a 5.85% cap rate and $26,332/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,008

Style

Single Family

Built

1955

Single-level living, flexible space, and a backyard that feels like its own little retreat. 15 Spring Terrace brings together the features that make everyday living just a little easier. This 3-bedroom, 1-bath Shrewsbury ranch sits on .32 acres and offers a comfortable, practical layout with room to make it your own. One bedroom can easily serve as a home office, guest room or traditional bedroom, while the partially finished basement adds even more flexibility for recreation, hobbies, workouts or additional living space. The kitchen and dining area open through a slider to the deck, creating a natural connection to the outdoors. A retractable awning provides shade when you want it, while the fenced, multi-tiered backyard offers distinct spaces to enjoy throughout the seasons. Established flowers add color, mature trees create a sense of privacy, and there's room to garden, gather or simply relax, all without the upkeep of an oversized lot. A shed provides additional storage, and the attached garage offers direct access into the home. Beyond the property itself, the location adds another layer of convenience. Dean Park is nearby, offering trails, playgrounds, recreation and green space, with area schools also close by. Shopping, dining and major routes are within easy reach, making it easy to enjoy both the neighborhood and everything Shrewsbury has to offer. Built in 1955; 15 Spring Terrace has a story behind it and plenty of possibilities ahead. Maybe the next chapter is yours.

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: 504 sq ft (the lesser of 900 sq ft or half the 1,008 sq ft principal dwelling). Lot size: 13,776 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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Open Houses

Property Details

Financials

Original Price$450,000
Annual Taxes$5,314

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Vinyl, Hardwood
BasementFull, Radon Remediation System

Climate & Utilities

HeatingForced Air, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRB1

Property & Lot

Acres0.32
SqFt Lot13,776
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • Walk/Jog Trails • Medical Facility • Highway Access • Private School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: Christopher Group

Listing Office: Compass

MLS® Number: 73574127