162-164 E Main St Northborough — Photo 1 of 30
$649,900
Investment Analysis — 162-164 E Main St
Northborough, MA 01532 — Close to Tall Pines
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01532 carries an estimated $3,820/mo in gross rent — about a 4.44% cap rate and $28,853/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,989
Style
Single Family
Built
1930
Welcome to this charming single family home, situated on 1.15 acres. Turn of a century Bungalow, a great flowing floor plan, a two-car garage, and a fireplace. Warm and inviting home With loads of character, many built-ins ., and a unique way of life!! There are stone walls, perennial gardens, and big blueberry bushes! 2 solar panels heat the hot water. Two driveways for easy access to the lower level, and the second has easy kitchen access. Both are paved. Easy access to local amenities, Northboro shops, Apex, and major highways. Bonus that is it business zoned East. Can be used as your family home as well as your business!
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 1,989 sq ft principal dwelling). Lot size: 50,098 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 MLS and other third-party data may be inaccurate or out of date.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
Electric Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14.6 x 20.4
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Dining Room
Lvl First9.1 x 11.11
Ceiling Fan(s), Flooring - Hardwood
Kitchen
Lvl First29.5 x 20.4
Ceiling Fan(s), Flooring - Vinyl, Dining Area, Lighting - Overhead
Office
Lvl First8.4 x 13.3
Ceiling Fan(s), Flooring - Hardwood
Master Bedroom
Lvl First12.7 x 16.7
Ceiling Fan(s), Flooring - Hardwood
Bedroom 2
Lvl First14.2 x 14.4
Bedroom 3
Lvl Second15.3 x 12.1
Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 4
Lvl Second14.5 x 20.4
Flooring - Wall to Wall Carpet, Lighting - Overhead
Bathroom 1
Lvl First6.5 x 8.5
Bathroom - Full
Property History
$649,900
Jul 10, 2026
MLS® 73548165
$525,000
Apr 3, 2025
MLS® 73335090
$599,000
Feb 13, 2025
MLS® 73335090
Listing Agent: Michael Durkin
Listing Office: LAER Realty Partners
MLS® Number: 73548165