
16 Highland Park Rd Rutland — Photo 1 of 15
$349,900
Investment Analysis — 16 Highland Park Rd
Rutland, MA 01543 — Highland Park
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01543 carries an estimated $2,040/mo in gross rent — about a 3.99% cap rate and $13,957/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,088
Style
Single Family
Built
1947
Charming, beautifully updated, and move-in ready, this is a home that feels easy to love from the moment you walk in. The bright, renovated kitchen is the heart of the home, featuring crisp white cabinetry, distinctive countertops, open shelving, and stainless steel appliances added in 2023. It flows naturally into the cozy living room, creating an inviting layout for both everyday living and entertaining. Two well-appointed bedrooms and a full bath complete the first floor, while new luxury vinyl plank flooring and fresh paint carry throughout the first and second levels. Upstairs, the flexible layout can be used as two separate rooms or one spacious retreat, offering options for bedrooms, a playroom, studio, or additional living space. The finished lower level provides even more usable space and is ready for cosmetic updates to make it your own. A 2025 smart washer and dryer and plenty of additional storage add everyday convenience. Outside, the desirable corner lot offers a private backyard with room to relax, entertain, and enjoy gardening in the large metal raised beds that will remain for the next owner. A detached one-car garage provides additional storage, along with plenty of off-street parking. With town water and sewer, a newer heating system, vinyl siding, and a 2021 roof, many of the big-ticket items are already in place. Conveniently located just minutes from downtown and major routes.
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: 544 sq ft (the lesser of 900 sq ft or half the 1,088 sq ft principal dwelling). Lot size: 6,970 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Bike Path • Public School
Geography
Listing Agent: Melissa Clark
Listing Office: Coldwell Banker Realty - Worcester
MLS® Number: 73568702