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202 Freeman Rd Charlton — Photo 1 of 42

202 Freeman Rd Charlton — Photo 1 of 42

$850,000

Investment Analysis — 202 Freeman Rd

Charlton, MA 01507

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01507 carries an estimated $2,240/mo in gross rent — about a 1.65% cap rate and $14,029/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3

SqFt

3,206

Style

Single Family

Built

1979

Welcome to this beautifully updated 3-bedroom, 2 full 2 half-baths Charlton home offering modern finishes, flexible living space, and a large private yard. A brand-new roof was just completed, adding to an extensive list of improvements throughout the property.Inside, the redesigned floor plan features a remodeled kitchen with updated cabinetry, countertops, appliances, and finishes. Three walls were removed to create a more open layout, and the staircase was relocated as part of the renovation. Hardwood flooring extends throughout much of the home, including the primary bedroom and upstairs hallway. All three bathrooms have been remodeled, and the washer and dryer were conveniently relocated to the second floor. A propane fireplace adds warmth and character to the main living area.Above the attached two-car garage is a spacious finished bonus area with a bathroom, ideal for a home office, family room, studio, or guest space. The basement offers another finished room for a gym, media room, office, or recreation space.Outside, the oversized rebuilt deck overlooks a large cleared yard designed for entertaining and everyday enjoyment. Additional improvements include a fire pit and sitting area, shed, fencing including an 8-foot Trex privacy fence, widened driveway, and updated front walkway. Some listing photos have been digitally enhanced and/or virtually staged for marketing purposes. Furnishings and decorative elements shown in virtually staged photographs are not included with the property.

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 3,206 sq ft principal dwelling). Lot size: 115,086 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$850,000
Annual Taxes$6,400

Parking

Garage2
Off-Street17

Interior Specifications

Total Rooms8
Fireplaces1
Flooring--
BasementFull, Partially Finished

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningA

Property & Lot

Acres2.64
SqFt Lot115,086
Lot FeaturesWooded

Geography

Listing Provided By

Listing Agent: Megan Winslow

Listing Office: Winslow Homes LLC

MLS® Number: 73572177